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Export effect of cashew nut kernel in Vietnam

Cashew Nut Kernel
Vietnam
Published Nov 22, 2022

Tridge summary

Cashew exports fell sharply; High inflation forced the cashew importers to change their business methods, they no longer buy cashew kernel reserves in large quantities but sell out to buy there. Output was difficult, making cashew kernel export enterprises face financial difficulties; they had to lower the selling price to attract customers, resulting in a sharp decrease in the quantity and value of cashew exports in the first 10 months of the year.

Original content

Cashew exports fell sharply; High inflation forced the cashew importers to change their business methods, they no longer buy cashew kernel reserves in large quantities but sell out to buy there. Output was difficult, making cashew kernel export enterprises facing financial difficulties; they had to lower the selling price to attract customers, resulting in a sharp decrease in the quantity and value of cashew exports in the first 10 months of the year. Currently, Vietnam is the leading country in processing and exporting cashew kernels, accounting for about 80% of the world's total output, so cashew exporters are looking forward to the signal of a better export market to ensure the quality of the cashew nut. margin guarantee. The top markets all fell sharply According to statistics of the General Department of Customs, the export of cashew kernels in October 2022 reached 44,308 tons, worth 265,669 million USD, up 15.6% in volume and up 13.4% in turnover compared to the previous ...
Source: Vinacas
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