Vietnam's cashew industry returns to domestic raw materials

According to the Ministry of Agriculture and Rural Development, in the first 6 months of 2023, Vietnam exported 276,000 tons of cashews, bringing in 1.61 billion USD, up 10.5% in output and 7.7% in value, respectively. prices compared to the same period last year. However, the average export price of cashew nuts in the second quarter of 2023 was at $5,805/ton, down 2.3% compared to the first quarter of 2023 and down 5% over the same period last year. Binh Phuoc province is considered the "capital" of Vietnam's cashew, accounting for more than 50% of the country's export processing and export volume. Ms. Tran Tuyet Minh, Vice Chairman of Binh Phuoc Provincial People's Committee, said that the province has 1,416 cashew processing establishments, each year contributing 27% - 45% of the province's total export turnover. In 2022, the total export value of cashew nut products of Binh Phuoc will reach $1.045 billion. But behind the growth in cashew nut exports in the first half of 2023, ...