Cashews: leftover supplies
July 27, 2026 at 11:28 AM ,
Der AUDITOR
Wrapping up the season in West Africa
West Africa is wrapping up the 2026 cashew season. Trading is now mostly limited to leftover stocks and traders are focusing on shipping out the remaining nuts stored in port warehouses.
At the same time, the drop in global crop production is smaller than first expected. The shortfall is around 300,000 mt – better than earlier estimates of 375,000-400,000 mt – and on track to becoming the second-highest harvest season on record, right behind 2025. In the SeGaBi region, the drop is very small compared to last year and Cambodia’s crop is expected to hit 1.0-1.05 million mt, the second largest volume in history.
Prices have stayed strong across producing countries: good-quality nuts (over 43-44 lbs) are selling for USD 1,400/mt or more, while higher-weight ranges (46-52/53 lbs) cost USD 1,500-1,750/mt.
Differing price dynamics in Vietnam
In Vietnam, the market is quiet. Prices have stayed high due to transportation costs. However, the price of processed kernels is not going up as fast as the price of raw cashew nuts (RCN). Because of this, processors are being careful and are only buying what they absolutely need.
|
RCN offers, Vietnam |
|
|
Origin, type |
USD/mt |
|
Ghana, 47/190, Jul-Aug |
1,550 |
|
Côte d’Ivoire, 45/190, Aug-Sep |
1,470 |
|
Bissau, 53/215, Jul |
1,750 |
|
Boké (Guinea), 50/185, Jul-Aug |
1,680 |
|
Burkina Faso, 44/200, Jul-Aug |
1,420 |
|
CNF Ho Chi Minh |
|
China is buying
Prices for W320 cashews from Vietnam are strong because buyers want them right away. Larger sizes such as W240 went up a little because there are fewer volumes available, whereas buying continues. Demand for smaller cashews is moving slower. Looking at different regions, the Middle East is buying strongly, and China is purchasing a lot of larger cashews (WW180, WW210, WW240) because supplies are tight, while Europe is buying less right now. Standard-quality sales to the US and Europe have taking place at the following prices listed, yet only in small volumes.
|
Cashew kernels, Vietnam |
|
|
Type |
USD/lb |
|
W180 |
4.30-4.60 |
|
W210 |
4.00-4.30 |
|
W240 |
3.45-3.60 |
|
W320 |
3.10-3.35 |
|
SW/LBW320 |
2.65-3.00 |
|
WS |
2.60-2.75 |
|
LP |
1.95-2.20 |
|
SP |
1.40-1.60 |
|
FOB Vietnam |
|
High demand in India
Kernel prices are strong and steady because people are buying more for the upcoming holidays. This trend is expected to continue for the next couple of weeks. While prices stayed the same in some areas, popular types of kernels cost a little more than last week in other places.
|
Cashew kernels, India |
|
|
Type |
USD/mt |
|
W240 |
8,825 |
|
W320 |
8,175 |
|
W450 |
7,460 |
|
LWP |
6,830 |
|
SWP |
6,165 |
|
FOB India |
|
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