<p>The average export price of cashew nuts in 2020 will reach US $ 6,238.5 / ton, down 13.6% compared to 2019. The United States, China and the Netherlands remain the 3 largest cashew import markets of Vietnam. in 2020, accounting for 30.9%, 15.9% and 12.1% of the total cashew export value respectively. </p> <p>In 2020, the value of cashew exports increased the most in the Japanese market by 64.6%. In contrast, the market with the biggest drop in cashew export value was Spain, down 27.6%.</p> <p>December 1, 2021, will increase the market<br /> Cashew industry has an impressive growth despite the influence of the Covid-19 epidemic.<br /> According to estimates of the Import and Export Department (Ministry of Industry and Trade), cashew nut exports in December 2020 reached 47 thousand tons, worth $ 280 million, up 2.3% in volume, but down 0.6% in value. As with November 2020, compared with December 2019, it increases 10.8% in volume, but decreases 6.0% in value. </p> <p>For the whole year 2020, the export of cashew nuts is estimated at 511 thousand tons, worth $ 3.19 billion, up 12.1% in volume, but down 3.0% in value compared to 2019. Average export price Cashew kernel in December 2020 is estimated at US $ 5,957 / ton, down 2.9% compared to November 2020 and down 15.2% compared to December 2019. </p> <p>For the whole year 2020, the average export price of cashew nuts is estimated at $ 6,245 / ton, down 13.5% compared to the average cashew export price in 2019. Meanwhile, the volume of imported cashew nuts in January 2021 reached 130 thousand tons with import value reached 186 million USD, up 2.5 times in volume and 2.2 times in value compared to January 2020.</p> <p>The volume of imported cashew nuts in 2020 will reach 1.46 million tons with the import value of 1.81 billion USD, down 10.7% in volume and 17.1% in value compared to 2019. Coast Ivory, Cambodia and Gana are the three main cashew supply markets for Vietnam. </p> <p>The value of cashew nuts imported from these three markets in 2020 will all decrease compared to 2019, with decreases of 9.6%, 6.5%, and 20.9% respectively.</p> <p>After the first week of the new year, the Indian cashew wholesale market is still waiting for the world's long holiday to end. However, thanks to strong demand for broken cashews, North Indian buyers have returned to buy most other types. In Tamil Nadu state, India, cashew nut prices increased slightly in January 2021. </p> <p>In which, W450 at 3.18 USD / lb, up 0.005 USD / lb; SW320 at 2.88 USD / lb, up 0.005 USD / lb; W204 cashew at $ 3.95 / lb; W320 at 3.5 USD / lb.</p> <p>In the domestic market, the raw material price fluctuated slightly in the past month. Specifically, dry cashew bought in Binh Phuoc increased from 31,000 VND / kg to 33,000 VND / kg; In Dong Nai, raw cashew nuts bought in buckets were kept at VND29,000 / kg. According to the plan of crop production in 2021 of the Ministry of Agriculture and Rural Development, the total cashew area of ​​the whole country in 2021 is 297 thousand hectares (equal to 99.7% compared to 2020), the output of raw cashew will reach 360 thousand tons (equaling 107.8%), the average yield of 1.29 tons / ha (equaling 107.5%).</p> <p>Cashew kernel prices are expected to tend to increase in the coming time because the domestic supply of cashew is not much while the price of raw cashew is still high, not balanced with the price of cashew kernel, so processors are very cautious in enter the raw thing. </p> <p>Besides the trade agreements, cashew nut price forecast in 2021 is likely to recover as the price in 2020 has dropped to a low level. Cashew exports are forecast to slow down in the first quarter of 2021 according to the cyclical factor. The US and European countries reduced imports due to boosting imports at the end of 2020. </p> <p>However, the outlook for cashew exports for the whole year 2021 will generally be positive thanks to the Free Trade Agreements. Cashew export prices are likely to recover as prices in 2020 have fallen to low levels.</p>