The cashew market is facing a supply-demand imbalance, with prices in Europe rising by 74% between April and mid-June due to a lack of supply from key suppliers such as Côte d'Ivoire and Vietnam, along with excessive demand. The price growth has been reversed, yet it remains 42% higher than...
Due to the export prohibition, Côte d'Ivoire's exporters are now unable to meet their delivery obligations. As a result, there is a scarcity of raw cashew nuts for processing, especially in Vietnam. Many contracts in the supply chain, including those at retail, are unlikely to be completed. Prices are quite...
Vietnam's cashew industry is facing a significant challenge due to a raw material shortage, with 90% of materials imported and 70% of factories experiencing reduced operating capacity. This issue threatens the industry's target of generating $4 billion in export revenue in 2024. To combat this, businesses are focusing on deep...
As of July 1, 2024, the price for WW320 grade cashew nuts in Vietnam ranges from USD 6.6 to 6.9 per kilogram FOB Ho Chi Minh City port. This reflects the current market conditions and is consistent across multiple sources. For the United States, the wholesale price for cashew nuts...
This week, the global cashew market underwent significant changes. In Vietnam, the price of raw cashew nuts (ECN) is falling due to decreased demand. Previously, processors were worried during the export suspension from the Ivory Coast, but they now realise that kernel buyers are reluctant to pay high prices relative...
The cashew industry in Vietnam is currently experiencing a global crisis period, as highlighted on VTV1 National Television Station's recent broadcast on June 09th. With a global crisis impacting the cashew situation, factories are facing shortages of raw cashew nuts for production. Consequently, many orders for cashew kernels are either...
The cashew industry is at risk of disruption since raw nut exporters in West Africa are not fulfilling their contracts with local firms, according to the Việt Nam Cashew Association (Vinacas). Workers process cashew for export. The cashew industry is at risk of disruption since raw nut exporters in West Africa are...
After years of very low prices, the cashew market is sharply turning around. Following the Ivory Coast's announcement of a temporary export ban, prices have surged by around $1.00/lb in just a few weeks, and there doesn't seem to be any signs of it slowing down. This rapid increase has...
The surge in cashew prices, driven by the Ivory Coast's export ban and lower yields, is likely to lead to higher market prices and potential defaults by packers. This situation underscores the importance of staying informed on market updates to navigate the volatility effectively. A domino effect caused by the...
The international shipping industry has experienced a significant upheaval in May 2024, marked by skyrocketing costs and acute space shortages. Several geopolitical and economic factors have converged to create this challenging environment. Here, we delve into the root causes of these disruptions, explore their broader implications, and propose actionable strategies...
