📈 Price Intelligence · Hub
📅 17 July 2026 ·
🕐 8 min read ·
📍 SVC Group, Vietnam ·
🔄 Updated monthly
$7.00
WW320 · Jul 2026
H1 floor, holding
$7.90
WW240 · Jul 2026
Broke H1 ceiling
+48%
RCN cost rise, H1
Vs +4% volume
6mo
Data tracked
Jan–Jul 2026 index
Price data in the cashew trade is fragmented. Brokers quote different numbers on different days. Trader forums cite figures with no source. For buyers trying to plan a Q3 or Q4 purchase, the lack of a consistent, dated reference point is a real problem.
SVC has published weekly FOB pricing since 2023. This index consolidates that data into a single H1 2026 view for WW320 and WW240 — Vietnam's two highest-volume traded grades — so buyers can see the actual trajectory, not just a single snapshot.
📊 The index
WW320 & WW240 FOB Ho Chi Minh: Monthly Tracking, H1 2026
| Month | WW320 | WW240 | WW180 | Spread (240–320) |
|---|
| January | 7.10 | 7.45 | 9.10 | +0.35 |
| February | 7.05 | 7.40 | 9.15 | +0.35 |
| March | 7.15 | 7.50 | 9.20 | +0.35 |
| April | 7.20 | 7.55 | 9.30 | +0.35 |
| May | 7.10 | 7.60 | 9.45 | +0.50 |
| June | 7.05 | 7.75 | 9.55 | +0.70 |
| July (to 13th) | 7.00 | 7.90 | 9.60 | +0.90 |
| H1 range | 7.00–7.20 | 7.40–7.90 | 9.10–9.60 | +0.35 → +0.90 |
The single most important trend in this data is not the level of either grade — it is the widening spread between WW240 and WW320. In January, WW240 traded just 35 cents above WW320. By mid-July, that spread had nearly tripled to 90 cents. WW320 has been essentially flat to slightly down across H1, while WW240 has climbed steadily every single month.
This divergence tells a clear story: demand for premium retail and gifting formats (which favour WW240's larger kernel) is growing faster than demand for standard bulk and blended formats (which use WW320). Buyers building premium product lines are competing harder for a smaller pool of large-kernel supply.
What Six Months Of Data Actually Shows
WW320 · Jan → Jul trend
Flat · $7.00–7.20 range
Bulk grade holding steady — the benchmark has not moved meaningfully all year
WW240 · Jan → Jul trend
+$0.45 · 7.45 → 7.90
Steady monthly climb — premium grade demand accelerating through H1, no month of decline
WW180 · Jan → Jul trend
+$0.50 · 9.10 → 9.60
Largest kernel grade showing the same pattern as WW240 — large-kernel scarcity is a market-wide theme
240–320 spread
2.6x wider · $0.35 → $0.90
The clearest single signal in the H1 data — premium and bulk grades are decoupling
🔌 What's behind it
Three Forces Driving The H1 2026 Price Pattern
🌿
RCN Costs Keep WW320 Anchored
With raw material costs elevated across the board, there is limited room for WW320 — the highest-volume, most price-competitive grade — to move much in either direction. Processors are protecting margin at the current level rather than competing on price
📦
Retail Private Label Chasing WW240 & WW180
Growth in premium retail and private label programs across Europe and the Middle East has concentrated demand on larger-kernel grades. This is a structural shift in buyer behaviour, not a seasonal blip — and it shows no sign of reversing through H1
🌍
Large-Kernel Raw Material Is Inherently Scarcer
WW240 and WW180 yield is a function of raw cashew nut size and quality — it cannot be manufactured on demand. As demand for these grades grows, supply cannot expand as quickly as it can for WW320, widening the spread further
📈
Forward Buying Has Already Started
Delivery windows moving into August in July bookings (see SVC's July price update) suggest buyers are securing supply earlier in the season than typical — adding steady, non-panicked demand pressure across all grades through H1
🎯 What this means for buyers
How To Use This Index In Your Sourcing Decisions
If you buy WW320: Pricing has been stable all H1. This is a low-risk time to lock in H2 volume without urgency — the grade has shown no breakout pattern in six months of data
If you buy WW240 or WW180: The consistent monthly climb suggests continued firming is more likely than a reversal. Buyers with confirmed Q4 programs should secure volume now rather than waiting for a pullback that the data does not support
If you are deciding between grades: The widening spread changes the economics of grade selection — WW240 at a 90-cent premium is a different decision than WW240 at 35 cents. Re-run your product economics with current spread, not H1 assumptions
If you track this monthly: Watch specifically for the spread narrowing — that would be the first signal that premium grade demand is cooling, and it has not happened once in six months of data
💬 CEO Perspective
💬 CEO Perspective
We publish this data because withholding it does not serve anyone — buyers who cannot see the trend end up making sourcing decisions based on a single quote, at a single moment, from a single supplier. Six months of consistent numbers tells a more honest story than any one week can. That is the standard we hold ourselves to.
— 𝐂𝐄𝐎, 𝐒𝐕𝐂 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐉𝐒𝐂
📊
Get Weekly Pricing Direct From SVC
This index is drawn from SVC's weekly FOB updates. Join our distribution list for real-time pricing across all grades, or request a formal quotation for your volume.
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