Cashews: Vietnam sets hopes on trade agreements

January 18, 2021 11:05 AM, Der AUDITOR
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HANOI. After cashew prices had reached a record low in 2020, the first price increases are now being recorded. The important EVFTA and UKVFTA trade agreements are raising high hopes among market players.

Good start into 2021

After 2020 was a big challenge for Vietnamese cashew farmers and traders, market players are more optimistic about 2021. Although no figures have been published yet, the Vietnam Cashew Association (Vinacas) reports that exports got off to a promising start in January. In particular, demand from large export markets such as the EU, the USA and Japan has increased again, which also applies to other agricultural products besides cashews. According to experts, this is not least due to the promising trade agreements that Vietnam has con

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