+33 680 38 14 46
Cashew industry in Vietnam faces difficulties
Vietnam
Friday 27 March 2009
Vietnam earned 104 million USD from exporting 23,000 tons of cashew nuts in the first two months of the year, a rise of 6 percent in value and 12 percent in volume over the same period last year.
However, the Vietnam Cashew Association (Vinacas) warned cashew exporters of a difficult year as the demand is dropping in a number of major import markets such as the US, Europe and China, lowering the average export price to only 4,200 USD per ton.
Additionally, total output of raw cashew is predicted to fall to 200,000-250,000 tons due to bad weather this year and this means cashew nut export volume will be down to 150,000 tons.
In 2008, Vietnam exported 167,000 tons of cashew nuts, grossing 920 million USD, becoming the world’s largest cashew nut exporter.
However, the Vietnam Cashew Association (Vinacas) warned cashew exporters of a difficult year as the demand is dropping in a number of major import markets such as the US, Europe and China, lowering the average export price to only 4,200 USD per ton.
Additionally, total output of raw cashew is predicted to fall to 200,000-250,000 tons due to bad weather this year and this means cashew nut export volume will be down to 150,000 tons.
In 2008, Vietnam exported 167,000 tons of cashew nuts, grossing 920 million USD, becoming the world’s largest cashew nut exporter.
