Cashews: Vietnam records strong exports

July 17, 2024 at 9:33 AM , Der AUDITOR
Play report as audio

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.

Significant increase in exports

As reported by the Vietnam Cashew Association (Vinacas), Vietnam exported a total of 353,528 mt of cashews to 33 destination countries in the first half of 2024, an increase of 26% compared to the same period last year. Only seven of Vietnam's export destinations recorded a decline, while exports to 26 countries increased. In terms of sales, the three markets with the largest Vietnamese cashew export sales in the first half of 2024 are the USA with USD 505 million, an increase of 16% year-on-year; China with USD 362 million, an increase of 39%, and the Netherlands with USD 168 million, an increase of 7% year-on-year. The total value of cashew nuts exported to these three markets reached USD 1.03 billion, accounting for 53% of Vietnam's export turnover of this product. The largest increase was recorded in Lithuania, which imported 144% more cashews from Vietnam, while Pakistan experienced the sharpest decline at -81%. With a turnover of USD 63 million, Germany is also one of the most important export markets for Vietnamese cashew nuts.

Stable prices in India

Prices on the Indian market have only changed slightly compared to last week. Overall, they have been very stable so far in July with only nominal fluctuations. Cashew nuts, W320 are currently trading at USD 7,915/mt FOB India.

Cashews, India

Type

USD/mt

LP-1 9/15

9,855

LWP

6,570

SWP

5,905

W320

7,915

W450

7,200

FOB India

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

 

Attached Files

File icon
price chart cashews, India

View related articles

Go to the News Overview
Nuts
Nov 7, 2024
DODOMA/NEW DELHI. The cashew harvest in the southern hemisphere is in full swing and Tanzania is recording good sales. Christmas and Chinese New Year are currently dominating demand on the global market.
Nuts
Nov 7, 2024
ISTANBUL/FRESNO. Dubai chocolate Is not to blame for the current standstill in trading pistachios in Turkey. US exports were highly disappointing in September. Yet, the tide is about to turn with more upbeat prospects emerging in California.
Nuts
Nov 6, 2024
MADRID/SACRAMENTO. While global almond production cannot quite fulfil the expectations expressed in the spring, the yield outlook for the 2024/2025 season remains positive.
Nuts
Nov 6, 2024
ORDU/REUS. Quality issues persist for hazelnuts in Turkey. Ferrero is keeping exporters busy. Georgia is attracting customers. For the INC it is impossible to update the crop estimate for Turkey.