The average export price of Vietnam cashew nuts in January & February 2021 reaches US $ 5,904/ton, down 15.6% over the same period in 2020.
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The Main Export Market Of Vietnam Cashew
The US, China, and the Netherlands are still the three largest cashew import markets of Vietnam, accounting for 24.4%, 19.2%, and 10.3% of the total value respectively. Besides, cashew export value increased in most markets, except for the UK down 44.9%, Thailand down 12.1%, and France down 4.3%. Vietnam’s W320 & W240 are still the most popular, their export volumes increased.
- United States – 24,4% of total export value respectively.
- China – 19,2% of total export value respectively.
- Netherlands – 10,3% of total export value respectively.
=> Related article: Vietnam Cashew Industry Exported over 500,000 tons Cashew Kernels in 2020
Cashew Market Report from Vietnam MARD
Vietnam MARD (Ministry of Agriculture and Rural Development) – According to statistics, the volume of Vietnam cashew nuts exported in February is estimated at 30,000 tons, worth $ 174 million, bringing the total export volume of the first 2 months of 2021 and the value of 75,000 tons 442 million, up 46.1% in volume and 21.5% in value compared to the same period in 2020. In particular, the average export price of cashew nuts to the Israel market increased sharply. In contrast, the average export price of cashew nuts to many markets decreased such as Egypt, France,…
=> Related article: Vietnam Cashew Market Report July 2021: Growing Demand in US and EU!
The Price Of Vietnam Local Raw Cashew Nuts Still In High
Besides, the Cashew kernel price is forecasted to increase in the coming time because the supply of cashew nuts kernels in Vietnam is not much while the buying price of local raw cashew nut (RCN) is still high. In the Vietnam internal market, the local raw cashew nut (RCN) bought in Binh Phuoc was kept at ~ 33,000 VND/kg. In Dong Nai, dry raw cashew nut purchases were stable at ~ 28,000VND/kg.
Due to the High Price of Vietnam’s local raw cashew nut (RCN), and the volume of Vietnam cashew kernels in export has increased sharply, so Vietnam cashew nuts factories need to import raw cashew nuts (RCN) for processing is greater. The estimated volume of imported raw cashew nut (RCN) in February/2021 reached 130,000 tons with a value of $ 186 million, up 2.5 times in volume and 2.2 times in value compared to January/2021. Tanzania, Côte d’Ivoire, and Indonesia are the three main raw cashew nut imports for Vietnam cashew in January. The value of raw cashew nuts imported from Tanzania and Côte d’Ivoire in January all increased compared to the same period of 2020.
@Products Mentioned in Article:
A brand specializing in the production and export of agricultural products in Vietnam. We have a black soldier fly farm in Tay Ninh and a cashew growing area in Binh Phuoc. The main export products of the company are: cashew nuts, cashew nut kernels, black soldier fly, frozen seafood, shrimp, prawns, catfish… from Vietnam.