Vietnam sharply increased imports of cashew nuts from Indonesia
Raw Cashew Nut
Nuts & Seeds
Vietnam
Market & Price Trends
Published Mar 28, 2024
Tridge summary
In February 2024, Vietnam experienced a significant surge in cashew imports, reaching nearly 133.6 thousand tons, a 44.3% increase in volume and a 2% rise in turnover from the previous month, totaling 172.2 million USD. Despite this monthly growth, the first two months of 2024 witnessed a decline in cashew imports compared to the same period in the previous year, with a 17.5% drop in volume and a 23.5% decrease in value. Indonesia was noted for its substantial growth in cashew exports to Vietnam. Concurrently, Vietnam's cashew exports saw a remarkable increase of 48.9% in volume and 39.2% in turnover during the first two months of 2024, solidifying its status as the world's leading cashew exporter for the 16th consecutive year, following a record output in 2023.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Source: congthuong.vn According to statistics from the General Department of Customs, in February 2024, Vietnam's cashew imports reached nearly 133.6 thousand tons, equivalent to 172.2 million USD, an increase of 44.3% in volume and an increase of 64,000 USD. 2% in turnover compared to January 2024. In the first 2 months of 2024, Vietnam's cashew nut imports reached more than 225.6 thousand tons, worth nearly 276.6 million USD, down 17.5% in volume and 23.5% in value compared to the same period last year. period last year. Vietnam's average cashew import price reached 1,226 USD/ton, down 7.4% over the same period in 2023. In terms of markets, our country imports large amounts of cashew nuts from markets such as Cambodia, Ivory Coast, Ghana,... Of which, imports from Indonesia suddenly recorded the strongest increase in the first 2 months of 2024. Specifically, in February 2024, cashew nut imports from Indonesia reached nearly 2,555 tons, equivalent to 2.87 million USD, an increase ...
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