Cashews: further price increases

November 9, 2020 11:42 AM, Der AUDITOR
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HANOI. Vietnamese cashew traders are satisfied with exports of around 50,000 mt in October. Limited capacities in the factories are causing European spot market prices to rise further.

Exports on the rise

According to the Vietnamese Ministry of Agricultural Processing and Market Development, exports again increased year-on-year in October. A total of 50,000 mt of cashew nuts worth USD 297 million were shipped overseas. Thus, total exports since the beginning of the year rose to 415,000 mt with an export value of USD 2.61 billion. Compared to last year, this represents an increase in volume of 11.5% with a simultaneous loss in value of 3.4%, as reported by the Vietnam Cashew Association (Vinacas). The annual export target of 450,000 mt worth U

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