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Cashews: limited supplies drive up prices

August 20, 2020 11:32 AM, Der AUDITOR
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HANOI. RCN prices have risen so much that processing companies in Vietnam only stock up on the bare essentials. The situation is not set to improve before October

RCN supplies are down in Africa

As the World Cashew Association has recently stated cashew exports from Vietnam will continue to decline sharply in the third quarter. Problem is that while raw cashew nuts are purchased at high prices, the export prices for cashew kernels have dropped sharply. The Vietnamese Cashew Association (Vinacas) had already advised smaller companies to only stock up with the bare essentials to prevent losses. Traders report that the crop volumes partly range as much as 21,000 mt lower in Africa than last year. Cary-in s

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