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  • Why cashew prices hit the "top"?

    Aug 3rd, 2016

    <p></p><p>According to MARD: last July, with the time of purchase price of dried cashew nuts in Binh Phuoc has reached its highest level during recent years, up to 44,000 VND / kg.It was on April 11 and 13-7. Currently, prices have fallen slightly to 43,500 VND / kg. However it remains to be seen as a high price. <br></p> <p>Cause under MARD representatives from the need to buy raw cashew for processing increases, while the domestic cashew less inventory due to crop failure.In terms of imported raw materials, the price of crude imports at a high level due to the output in some countries reduced exports of crude.In addition, the fierce competition between raw materials businesses of Vietnam and now China, India, Ivory Coast is also one of the reasons that pushed the price of crude rises. <br></p> <p>The latest statistics of the Ministry of Agriculture and Rural Development show: Accumulated 7 months, total exports reached 189 cashews and 1.46 billion tons, up 2.5% in volume and 9% in value over the same period of 2015.Cashew export prices on average the first half reached $ 7,694 / ton, up 6.6% compared to the same period in 2015. The United States, the Netherlands and China remained the third largest import market of Vietnam thing South market share 33.6%, respectively, 13.3% and 13.2% of the total value of exports of cashew nuts. <br></p> <p>Uyen Nhu<br></p><p></p>


    Source: Customs
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