Vietnam: Cashew nut exports have passed the period of low growth?

Cashew Nut Kernel

Vietnam

Published Jul 25, 2023

Tridge summary

Cashew nut exports in June 2023 reached 59.12 thousand tons, worth over 339 million USD, up 2.9% in volume compared to the previous month. Despite a slight decrease in value, cashew nut exports in the first half of the year saw an overall increase of 11.9% in volume and 8.8% in value compared to the same period last year. Cashew nut exports to key markets such as the United States and China have seen significant growth, and it is expected that demand will continue to increase in the second half of the year, especially during the holiday season.

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Original content

Source: Nhipsong Kinhdoanh.vn Cashew exports prospered in key and potential markets. According to statistics from the General Department of Customs, Import-Export Department - Ministry of Industry and Trade, in June 2023, cashew nut exports reached 59.12 thousand tons, worth over 339 million USD, up 2.9% in volume, but down 0.4% in value, up 1.2% in value compared to the previous month in 2022, compared with the previous month. In June 2023, the average export price of cashew nuts reached USD 5,735/ton, down 3.3% compared to May 2023 and down 6.5% compared to June 2022. Although the volume and export turnover of cashew nuts in the month were not really positive, in general, in the first half of this year, cashew nut exports reached nearly 279.43 thousand tons, worth 1.63 billion USD, up 11.9% in volume and 8.8% in value over the same period last year. At this time, the average export price of cashew nuts reached $5,853/ton, down 2.7% over the same period in 2022. The Import-Export ...

Source: AgroInfo.vn