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Spending 3 billion USD to buy and remove seeds from Ivory Coast to land in Vietnam

Cashew Nut Kernel
Published Dec 13, 2023

Tridge summary

Vietnam's cashew production and processing enterprises spent 3.07 billion USD to import nearly 2.66 million tons of cashew nuts in the first 11 months of 2023, resulting in a 46.5% increase in imported volume and a 19.2% increase in value compared to the same period last year. The top 5 cashew nut suppliers to Vietnam are Ivory Coast, Cambodia, Nigeria, Ghana, and Tanzania, with imports from Cambodia and Tanzania decreasing and imports from Ivory Coast, Nigeria, and Ghana increasing. To reduce dependence on imported raw materials, the Vietnam Cashew Association advises processing enterprises to invest in developing domestic raw material sources and sign contracts with cashew growers.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Preliminary statistics from the General Department of Customs, in the first 11 months of 2023, our country's cashew production and processing enterprises spent 3.07 billion USD to import nearly 2.66 million tons of cashew nuts. Compared to the same period last year, the amount of imported cashews increased sharply by 46.5%, the value increased by 19.2%. The 5 largest markets supplying cashew nuts to Vietnam include: Ivory Coast, Cambodia, Nigeria, Ghana and Tanzania. Of which, cashew nuts imported from Ivory Coast and Cambodia accounted for 57.5% of the total import value of the entire cashew industry in the past 11 months. However, the cashew import market structure has changed. Our country reduced imports from Cambodia and Tanzania but increased imports from Ivory Coast, Nigeria and Ghana. Specifically, the amount of cashew imported from Ivory Coast amounted to 850 thousand tons, with a value of 919.3 million USD, an increase of 86.6% in volume and an increase of 56.7% in value ...
Source: Vietstock
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