Vietnamese cashew export prospects in 2024

Published 2023년 12월 11일

Tridge summary

Vietnam's cashew nut exports in November 2023 reached 65 thousand tons, with an estimated export price of 5,512 USD/ton, earning about 358 million USD. Despite a decrease in prices, export volume and value increased compared to the previous month and the same period in 2022. The cashew industry has exceeded the target for the year, but businesses are facing challenges such as raw material shortages, high interest costs, and demands for green production. To take advantage of market opportunities, businesses are investing in mechanization, reducing costs, and seeking state support in terms of loans and tax refund policies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs saying that, according to estimates, Vietnam's cashew nut exports in November 2023 reached 65 thousand tons. Estimated export price reached 5,512 USD/ton, earning about 358 million USD. Although cashew export prices have decreased by 12.6% compared to the previous month, export volume and value increased by 1.1% and 0.03% respectively compared to October 2023, compared to November/ 2022 increased by 34.5% and increased by 30.7%. In the first 11 months of 2023, Vietnam's cashew nut exports are estimated to reach 582 thousand tons, worth 3.31 billion USD, up 23.1% in volume and 17.4% in value compared to the same period last year. Accumulated in the first 11 months of 2023, Vietnam's average cashew export price reached 5,682 USD/ton, down 4.7% over the same period. With results in 11 months, the cashew industry has exceeded the target set by the Vietnam Cashew Association ...
Source: Vinacas

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