February 2022: Cashew nut exports decrease compared to January 2022 in Vietnam

Published 2022년 3월 18일

Tridge summary

Vietnam's cashew exports in February 2022 saw a decrease of 37% in volume and 36.8% in value compared to January 2022, but an increase of 15.2% in volume and 18.2% in value compared to February 2021. The average export price of cashew nuts in February 2022 was $5,950/ton, up 0.3% from January and 2.5% from February 2021. The first two months of 2022 saw a total export volume of 65.46 thousand tons and a value of $389 million, marking a 2.6% decrease in volume and a 1.3% decrease in value compared to the same period in 2021. The export markets for cashews have seen changes, with increases in the United States, Germany, Australia, Italy, UK, and Saudi Arabia, but decreases in the Netherlands, China, Australia, Canada, and Russia. The Ministry of Industry and Trade is warning of potential fraud in cashew nut exports, specifically in 100 containers to Italy, and is advising exporters to verify partners carefully. The current geopolitical tension between Russia and Ukraine is not expected to significantly impact Vietnam's cashew exports, as the majority of exports are to the United States and the European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the General Department of Customs, in February 2022, Vietnam's cashew exports only reached 25.32 thousand tons, worth 150.7 million USD. , down 37% in volume and 36.8% in value compared to January 2022, but up 15.2% in volume and 18.2% in value compared to February 2021. In the first two months of 2022, Vietnam's cashew exports reached 65.46 thousand tons, worth 389 million USD, down 2.6% in volume and 1.3% in value over the same period in 2021. Too worried when cashew nut exports drop sharply, many disadvantages are waiting. Photo: CT Source: General Department of Customs About the average export price movement: In February 2022, the average export price of Vietnam's cashew nut reached 5,950 USD/ton, up 0.3% compared to January/January. 2022 and increase by 2.5% compared to February 2021. Generally for the first two months of 2022, the average export price of Vietnam's cashew nuts reached US$5,943/ton, up 1.3% over the same period in 2020. Regarding ...
Source: Vinacas

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