CASHEW MARKET INFORMATION 13.11.23
Last week the cashew export market experienced a lull in activity, with less buyers and sellers participating in the market. Cashew nut prices, particularly for WW320, WW450, and second-quality grades, have been on a downward trend because of stagnant sales.
In October, Vietnam imported approximately 194,975 tons of raw nuts, reflecting a 23% decrease compared to September. Meanwhile, the exported quantity of cashew nut kernels amounted to about 64,320 tons, indicating a 13% increase from September. Significantly, the substantial increase in cashew nut exports can be primarily attributed to the purchasing power of the Chinese market, accounting for approximately 19% of Vietnam’s total cashew nut export volume.
Source : Chelmerfoods