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Standing Vice Chairman of Vinacas: Enterprises lack orders, cashew exports in 2022 are difficult to reach 3.2 billion USD in Vietnam

Cashew Nut Kernel
Vietnam
Published Aug 26, 2022

Tridge summary

Inflation increased in the US and EU caused consumption demand to decrease, and Vietnamese businesses were hungry for orders. Vice President of Vinacas forecasts that cashew exports in 2022 will hardly reach $3.2 billion. Inflation increases, cashew exports plummet.

Original content

Inflation increased in the US and EU caused consumption demand to decrease, and Vietnamese businesses were hungry for orders. Vice President of Vinacas forecasts that cashew exports in 2022 will hardly reach $3.2 billion. Inflation increases, cashew exports plummet According to the General Department of Customs, in July, Vietnam's cashew exports reached 45.5 thousand tons, worth 267.5 million USD, down 16% in volume and 24% in value compared to the same month. 7/2021. (Source: Department of Import and Export) In general, in the first 7 months of the year, Vietnam's cashew exports reached 295 thousand tons, worth 1.7 billion USD, down 10% in volume and 12% in value over the same period in 2021. In which, exports Cashew exports to main markets such as the US, China and EU countries all decreased. (Source: Department of Import and Export) In 2022, the Ministry of Agriculture and Rural Development assigned the export target for the cashew industry to about 3.8 billion USD, an increase ...
Source: Vinacas
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