Cashew nut exports surge during 11-month period

VOV.VN - Vietnam exported 531,000 tonnes of cashew nuts worth US$3.34 billion during the opening 11 months of the year, representing a year-on-year rise of 14.3% in volume and 14.6% in value, according to figures given by the General Department of Vietnam Customs.

November alone witnessed the country ship 50,000 tonnes of cashew worth US$326 million abroad, representing a decline of 5.8% in volume and 7.0% in value compared to the previous month, but a rise of 8.1% in volume and 15% in value against the same period from last year.

The average export price during the 11-month period is estimated to stand at US$6,290 per tonne, up 0.2% against last year’s corresponding period.

With regard to the structure relating to Vietnamese cashew exports, apart from exporting the main types of cashew nuts W320 and W240, the local cashew industry has promoted the export of high-value cashews such as W180.

Most notably, W180 cashew nut exports witnessed the highest level of growth in the opening 10 months of the year,  a rise of 43.4% in volume and 56% in value on-year, with approximately 15,000 tonnes worth US$127 million.

China remains a major export market for Vietnamese W180 cashew nuts with 7,740 tonnes worth US$61.21 million, an increase of 33.7% in volume and 53.2% in value, followed by Israel with of 1,610 tonnes worth US$15.3 million, up 65.5% in volume and 59.3% in value.

The average export price of W180 cashew nuts inched up by 8.8% to US$8,515 per tonne during the 10-month period, while the average export price of the product to some markets such as Canada, Spain, Hong Kong (China), and Greece hit a high level of US$13,666, US$11,463, US$11,264, and US$10,814 per tonne, respectively.

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