Nuts

Cashews: encouraging outlook

January 4, 2021 4:05 PM, Der AUDITOR
Play report as audio

HANOI. Processors in Vietnam are determined to leave 2020 behind and are optimistic for this year. The UK-Vietnam Free Trade Agreement (UKVTA) offers new opportunities, especially for cashew suppliers.

Satisfying export performance

Despite the setbacks caused by the pandemic, some agricultural and commodity sectors developed well in Vietnam. As much as 464,000 mt of cashews were exported between January and November 2020, up 12.2% in the same period in 2019. The export value, however, declined by 2.7% to USD 2.9bn. Average export prices ranged at USD 6,276/mt. The Vietnam Cashew Association (Vinacas) is highly satisfied with this development. Market players hope that prices will continue to stabilise. Prices already ranged USD 100/mt higher in October-November. Tr

View related articles

Go to the News Overview
Nuts
Nov 24, 2021
REUS/YAMOUSSOUKRO. According to the latest INC production estimates, Côte d'Ivoire has cracked the 1 million mt production mark this season. Due to lower freight costs, African origins can score with European buyers.
Nuts
Nov 23, 2021
SACRAMENTO/REUS. The weak October exports are worrying US suppliers. Many buyers have taken the precaution of stocking up, and the rising Corona figures are not easing the market situation. In order to reduce their stocks, prices are being lowered further.
Nuts
Nov 23, 2021
REUS/CAPE TOWN. Although the International Nut and Dried Fruit Council (INC) anticipates a more than 5% rise in global inshell macadamia production this year, things did not go quite as well as expected in South Africa. Weather conditions were, by contrast, excellent in Australia and production has rebounded from Covid in Kenya.
Nuts
Nov 22, 2021
ORDU. With the central bank’s decision to cut the key interest rate by 100 basis points to 15% on Thursday the Turkish lira hit new record lows against the US dollar and the euro. While President Recep Tayyip Erdoğan is determined to slash interest rates against all reason, Turkey’s economy is left to scramble. Although hazelnut exporters should now be offering unbeatable prices, the situation is not quite as simple. Ferrero has recently also issued a new bid.