Cashew nut exports hit US$1.2 billion in nine months
(VOV) -Vietnam earned US$1.19 billion from exporting 188,000 tonnes of cashew nuts in the first nine months of this year, a year-on-year increase of 9.3% in value and 16.5% in volume.
About 21,000 tonnes worth US$134 million were shipped abroad in September alone, according to the Ministry of Agriculture and Rural Development.
The US, China and the Netherlands are Vietnam’s largest cashew nut importers, accounting for 34.4%, 16.6% and 10.4% of the total export value, respectively.
Between January-August, cashew nut exports to India increased 101.8% in volume and 67.8% in value compared to the same period last year.
The Vietnam Cashew Association (Vinacas) forecast the cashew nut market would continue to pick up in the near future.
By early August, average export prices hit US$7,600 per tonne, US$1,300 higher than the first two quarters.