Cashew exports to the US regain billion-dollar mark

Source: mekongasean.vn According to data from the General Department of Customs, from the beginning of the year to December 15, 2024, Vietnam exported 695,761 tons of cashew nuts with an average export price of 5,970 USD/ton (up 5.3% over the same period last year), bringing the turnover to 4.15 billion USD - the highest level ever, and completing the target of 4 billion USD this year. Looking back at the cashew export picture in the past time, in 2020, the industry had set an export target of 4 billion USD, but in the context of the Covid pandemic affecting the supply chain and market, the cashew industry had to postpone the target to 3.2 billion USD. The situation improved somewhat in 2021 (up 13% over the previous year - YoY), although the export turnover at that time only reached 3.63 billion USD. In 2022, along with the decline of the largest market, the US (down 19.9% compared to the previous year), the cashew industry only brought in 3.08 billion USD in turnover, down 15% ...