The export of Vietnam processed cashew nuts (finished cashew products) in the first quarter of 2021 reached 108,000 tons, worth ~634 million USD, increased 13,2% in volume, but decreased 5,8% in value compared to the year 2019. @Check Here For More Reports: Vietnam Cashew Market Report
Exported Price decreased, Volume Increased.
In the first quarter of 2021, Vietnam processed cashew nuts export reached 108,000 tons, worth ~634 million USD, increased 13,2% in volume, but decreased 5,8% in price compared to the year 2019. In particular, W320 cashew is still the main product in the Vietnam cashew industry, which is being exported in large quantity to USA, Netherlands, China, UAE… In addition, the Ramadan festival will start in April, Which help increase the demand for broken cashew nuts: WS, LWP, LP…
- January & February (The First 2 Months Of 2021 ): Exported reached 75,000 tons, worth ~ 442 million.
- March: Exported reached 41,000 tons, worth ~ 240 million.
Vietnam Increased Import Raw Cashew Nut (RCN).
In March 2021
In March 2021, Vietnam imported ~300,000 tons of raw cashew nuts, worth ~ 490 million USD.
In the First quarter of 2021
In the First quarter of 2021, the volume and value of cashew imports reached 539,000 tons, worth ~ 839 million USD, up 174.2% in volume and 171.5% in price compared to Q1 in 2020. Tanzania, Cambodia, and Ivory Coast are the three main raw cashew nuts (RCN) supply markets for the Vietnam cashew industry.
The Weather is Still Complicated & Unusual
The Raw cashew nuts (RCN) prices continued to decline in cashew growing areas in Binh Phuoc, Dong Nai due to Bad Weather. Cashew Farmers have difficulty in Sun-drying raw cashew nuts (RCN), the rain causing cashew nuts in the drying yard to germinate, so the quality of RCN turning bad, and the price dropped. Weather Forecast, It continues to Rain & Cloudy in Binh Phuoc, Vietnam.
- Binh Phuoc – April 13 (13/4) – The price of raw cashew nuts (RCN): 24,000 VND / kg
- Binh Phuoc – April 14 (14/4) – The price of raw cashew nuts (RCN): 23,000-23,500 VND / kg
- Binh Phuoc – April 15 (15/4) – The price of raw cashew nuts (RCN): 21,000-21,500 VND / kg
@Related article: Vietnam Cashew Nuts Season 2021 Was Delayed Due To Bad Weather
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.