Cashew nut exports increased sharply to the Canadian market In November 2020

Published Dec 18, 2020

Tridge summary

In November 2020, the market price of cashew nuts in India and Vietnam experienced fluctuations, with Vietnam seeing an increase. India's cashew exports to Canada surged, despite a decrease in exports to the United States. Overall, India's cashew export volume increased by 22.1% in November 2020 compared to the same month in 2019, although there was a 5.7% decrease in volume and a 2.4% decrease in value compared to October 2020. Canada's imports of cashew nuts from Vietnam rose to 7.35 thousand tons in the first nine months of 2020, accounting for 76.5% of Canada's total cashew nut imports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In November 2020, the price of Indian cashew nuts fluctuated inconsistently, the price in Vietnam increased. Vietnam cashew market share in total Canadian imports increased. In November 2020, the price of cashew nuts exported in India fluctuated heterogeneously, the price in Vietnam increased compared to October 2020. At the port of Tuticorin in India, the price of W240 exported cashew nuts decreased by 1.9% compared to October 2020, down to $ 3,925 / lb; type W320 decreased 2.1%, to 3,525 USD / lb; in contrast, the prices of cashew nuts of W450 and SW30 types increased by 0.8% and 3.4%, respectively, to $ 3,175 / lb and $ 3.0 / lb. Cashew exports increased sharply to Canada in November 2020 In the first 10 months of 2020, Brazil's cashew exports to the United States decreased, but exports to other markets increased sharply, such as Germany, Italy, Argentina, Australia. According to estimates, the export of cashew nuts in November 2020 reached 50 thousand tons, worth $ 310 ...

Source: Vinacas