Vietnamese cashew exports reach record high in October
VOV.VN - Vietnam exported 64,320 tonnes of cashew nuts worth over US$358 million in October, increasing 47.7% in volume and 37.1% in value year on year, according to the Import-Export Department under the Ministry of Industry and Trade.
During the 10-month period, the country raked in US$2.95 billion from exporting approximately 516,870 tonnes of cashew nuts, up 21.8% in volume and up 15.9% in value compared to the same period from last year.
The average cashew export price throughout the reviewed period dropped by 4.8% to US$5,703 per tonne.
Overall, Vietnamese cashew nut exports to all major markets witnessed an increase in volume, although a decline in export value was only recorded in the Australian market.
Specifically, 10-month cashew nut exports to markets such as the United States, the Netherlands, Germany, Thailand, Saudi Arabia, Canada, and the UK inched up by 4.7%, 19.8%, 8.4%, 10.2%, 36.1%, 9.3%, and 7.3%, respectively.
Most notably, exports to China and the United Arab Emirates experienced of a sharp increase of 46.6% and 59.9%, respectively.
Industry insiders say the country’s cashew exports will thrive ahead in the remaining two months of the year thanks to rising demand for cashew nuts during the upcoming holidays.
