Cashew industry in Vietnam proposes to reduce export target
Cashew Nut Kernel
Vietnam
Published Aug 5, 2022
Tridge summary
Exports fell in many markets. Data from the General Department of Customs showed that, in the first 6 months of the year, the whole country exported 249,364 tons of cashew nuts, the average price was 6,017.7 USD/ton, earning over 1.5 billion USD. This result decreased by more than 9% in both volume and turnover compared to the same period in 2021. The three largest cashew nut consumption markets of Vietnam, the US, China and the Netherlands all recorded a decrease.
Original content
Exports decline in many markets Data from the General Department of Customs shows that, in the first 6 months of the year, the whole country exported 249,364 tons of cashews, with an average price of 6,017.7 USD/ton, earning over 1.5 billion USD. This result decreased by more than 9% in both volume and turnover compared to the same period in 2021. The three largest consumption markets of Vietnam's cashew nuts, the US, China, and the Netherlands, all recorded declines. Specifically, exports to the US 76,225 tons, equivalent to 440.65 million USD; down 8.7% in volume, down 4.9% in turnover but up 4.2% in price over the same period in 2021. Exports to China reached 28,489 tons, equivalent to 180.89 million USD, down 27 % in volume, 37.9% in turnover and 14.8% in price. The Dutch market decreased by 20.5% in volume and decreased by 18.5% in turnover but increased by 2.5% in price over the same period in 2021, reaching 26,735 tons, equivalent to 137.75 million USD. Regarding the cause, ...
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