Vietnam’s cashew nut exports to China surge in nine months
Vietnam exported 42,199 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year, according to the Ministry of Industry and Trade.
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The US, China and the Netherlands were the three biggest cashew nut importers of Vietnam in the period.
The export to China recorded strong growth due to trade tensions between China and the US, said the Agro Processing and Market Development Authority under the Ministry of Agricultural and Rural Development.
The authority advised businesses to focus on improving quality of products and ensuring food safety to boost exports to foreign markets.
Vietnam earned 2.4 billion USD from exporting 328,000 tonnes of cashew nuts in the first nine months of 2019, up 20.9 percent in volume but down 5.5 percent in value year-on-year.