Vietnamese cashew nut exports become victims of inflation and USD appreciation
Cashew Nut Kernel
Vietnam
Published Sep 10, 2022
Tridge summary
According to statistics of the General Department of Customs, in the first half of August 2022, cashew nut exports reached 22,139 tons, worth 129,171 million USD, up 8.56% in volume but down 6% in value over the same period last year. prices due to lower export prices. Particularly in July 2022, the average export price of cashew nuts decreased by 4.3% compared to June 2022.
Original content
According to statistics of the General Department of Customs, in the first half of August 2022, cashew exports reached 22,139 tons, worth 129,171 million USD, up 8.56% in volume but down 6% in value over the same period last year. prices due to lower export prices. Particularly in July 2022, the average export price of cashew nuts decreased by 4.3% compared to June 2022. Differences in three key markets In the first 7 months of this year, the whole country exported 294,855 tons of cashew nuts, earning nearly 1.77 billion USD, the average price was 5,994.6 USD/ton, down 10.3% in volume. and decreased 11% in turnover compared to the same period in 2021 and the price also decreased slightly by 1.7%. The US is the largest cashew nut export market, reaching 88,254 tons, with 510.53 million USD, the average price is 5,784.8 USD/ton, down 12.8% in volume, down nearly 11% in value but up 2. .2% in price over the same period last year, accounting for nearly 30% of the country's total ...
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