Nuts

Cashews: Côte d'Ivoire breaks records again

June 28, 2023 at 3:00 PM , Der AUDITOR
Play report as audio

HANOI/YAMOUSSOUKRO. The production estimates for Côte d'Ivoire, which has become the world's most important cashew producer, have again been revised upwards. However, the reasons for this are not only to be found in the increased cultivation.

Significant increase in production

Last year, Côte d'Ivoire, the world's leading producer of cashew nuts, already managed to break the 1 million mt mark - for this year's production, the estimate has even been revised upwards. The Ivory Coast Cotton and Cashew Council announced that the West African country is now expected to produce around 1.25 million mt of cashews instead of the 1.05 million mt initially estimated. It should be noted, however, that traders from neighbouring countries such as Guinea, Mali and Ghana have also smuggled goods into the country, as more lucrative deals await them there. This was reported by the Vietnam Cashew Association (Vinacas), citing information from the Ivory Coast Cotton and Cashew Council. The council is therefore concerned about the quality of the nuts.

Côte d'Ivoire is currently trying to increase the amount of cashews processed in the country. In the next few months, four cashew processing industrial parks will be commissioned in the north and centre of the country to boost domestic processing capacity, according to Vinacas. This is expected to increase the profit margin over the export of raw cashew nuts.

Vietnam remains most important exporter

Global cashew production has been steadily increasing over the past decade. According to Chelmer Foods, RCN production reached a total of 5 million mt, which corresponds to 1.095 million mt of cashew kernels in the 2022/23 season. As already mentioned, Côte d'Ivoire is the most important producing country, followed by India and Cambodia. With 200,000 mt of RCN, Tanzania is the most important producer in East Africa.

The leading exporter in 2021 was Vietnam, which accounted for 65% of global cashew exports, according to Chelmer Foods. A large share of shipments went to the US and EU, as well as the UK and China. Meanwhile, the world's largest importer was India - the country imported 879,670 mt of in-shell cashews, most of which came from West Africa (82%) and East Africa (9%).

View more
price charts for edible nuts
price charts for dried fruit, oilseeds, spices and more

View related articles

Go to the News Overview
Nuts
Jul 22, 2024
NEW DELHI/AUSTIN. Although US growing regions in the Southwest have faced some heavy rains, growers in parts of Texas continue to face drought and water shortages. In India, prices could soon receive support.
Nuts
Jul 18, 2024
BRUSSELS/ORDU. Given that prices have surged this season it is quite remarkable that EU imports have risen for hazelnuts in the first six months of the year. Suspense is palpable in Turkey with the TMO and Ferrero expected to take decisive action very soon. Offers for the new crop are circulating.
Nuts
Jul 17, 2024
HANOI/NEW DELHI. Vietnam's exports in the first half of 2024 are quite impressive, and many destination countries have increased their purchase volumes. Meanwhile, prices in India remain stable.
Nuts
Jul 16, 2024
SACRAMENTO. Opinions may be contradicting but June was a very strong month for US almonds. With the season in its final stages concerns are being voiced over remaining supplies and the state of the new crop.