Vietnam: Cashew export prices continue to increase again

Published 2024년 9월 30일

Tridge summary

Vietnam's cashew export prices have been rising, with August 2024 seeing a notable increase. Despite this, the average price for the first eight months of 2024 is slightly lower than last year. However, export volume and value have grown significantly due to higher import demand. Key suppliers include Cambodia and Guinea-Bissau, with the latter providing smaller nuts. Guinea-Bissau, despite being a top exporter, only accounts for 6% of Vietnam's raw cashew imports. The price gap between large and medium-sized cashew nuts is narrowing, but demand for larger nuts remains low.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a long period of decline, Vietnam's cashew export prices have been on an upward trend in recent months. Vietnam's cashew export prices have been on an upward trend in recent months. Photo: Son Trang. According to the Import-Export Department (Ministry of Industry and Trade), in August, Vietnam's cashew export prices averaged 6,326 USD/ton, up 2.6% compared to July 2024 and up 14.8% compared to August 2023. Thus, this is the fourth consecutive month that Vietnam's cashew nut export price has increased compared to the previous month and the third consecutive month that the cashew nut export price has increased compared to the same period in 2023. Specifically, in July, the average export price of Vietnam's cashew nuts reached 6,168 USD/ton, up 2.7% compared to June 2024 and up 10.8% compared to July 2023. In June 2024, the average export price of Vietnam's cashew nuts reached 6,008 USD/ton, up 9.8% compared to May 2024 and up 4.8% compared to June 2023. June is also the ...
Source: Vinacas

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