Weekly Cashew Market Update (December 9 – 15)

Price Overview

During the week of December 9 to December 15, cashew prices in key markets showed notable fluctuations:

• U.S. Market: Prices for WW320 cashew kernels remained stable at $3.30 – $3.35 per pound, driven by strong demand during the year-end festive season.

• European Market: Export prices averaged $7,300 – $7,600 per ton FOB, slightly increasing due to strong purchasing activity from importers.

• Vietnam’s Domestic Market: Raw cashew nut prices ranged from 29,000 – 33,000 VND/kg, reflecting steady demand from processing facilities.

Supply

• Vietnam: Major exporters are focusing on fulfilling year-end orders, but rising transportation costs are putting pressure on production expenses.

• Africa: Supply from countries like Côte d’Ivoire and Ghana remains stable, but competitive pricing from these regions poses challenges for Vietnamese exporters.

Key Influencing Factors

• Transportation Costs: Global logistics challenges continue to push up shipping costs, particularly on routes from Vietnam to Europe and the U.S.

• Market Demand: Demand for roasted cashews and processed products is surging in premium markets such as the U.S. and Europe.

Forecast

In the coming week, cashew prices are expected to remain steady or increase slightly due to continued high demand during the festive season, especially in major markets. Exporters should remain vigilant about potential fluctuations in logistics costs and raw material supply.

Source: Compiled from market reports and SVC Cashew internal data.

---

SVC INTERNATIONAL JSC
Email: thanh@svc.vn
Phone: 090 943 24 77
WhatsApp: Click here