<p>According to the Department of Agricultural Product Processing and Market Development, cashew nut exports in the first month of 2021 suddenly prospered.<br /> Specifically, statistics of the General Department of Customs show that the volume of cashew nuts exported in January 2021 is estimated at 45,000 tons with a value of $ 268 million, up 78.2% in volume and 51.8% in terms of volume. value over the same period in 2020. In 2020, the export of cashew nuts, though increasing in volume but decreasing in value due to a slight decrease in export prices. According to the estimate of the Import-Export Department (Ministry of Industry and Trade), cashew nut exports in December 2020 reached 47,000 tons, worth $ 280 million, up 2.3% in volume, but down 0.6% in value compared to in November 2020, compared with December 2019, it increased by 10.8% in volume, but decreased by 6.0% in value.</p> <p><br /> For the whole year 2020, the export of cashew nuts is estimated at 511,000 tons, worth $ 3.19 billion, up 12.1% in volume, but down 3.0% in value compared to 2019.<br /> The US, China and the Netherlands remain the three largest cashew import markets of Vietnam in 2020, accounting for 30.9%, 15.9% and 12.1% of the total export value, respectively. cashew. 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%. The average export price of cashew nuts 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. For the whole year 2020, the average export price of cashew nuts is estimated at US $ 6,245 / ton, down 13.5% compared to the average cashew export price in 2019. </p> <p><br /> Meanwhile, the volume of imported cashew nuts in January 2021 reached 130,000 tons with the import value reaching 186 million USD, up 2.5 times in volume and 2.2 times in value compared to January. / 2020. 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. Cashew exports flourished, raw material prices increased Cashew exports increased in the first month of 2021, pushing up domestic raw material prices to increase slightly in the past month.<br /> 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 crop production plan in 2021 of the Ministry of Agriculture and Rural Development, the total cashew area of ​​the whole country in 2021 is 297,000 ha (equal to 99.7% compared to 2020), raw cashew output reaches 360,000 tons (equal to 107.8 %), the average yield is 1.29 tons / ha (equal to 107.5%).<br /> The Department of Agricultural Product Processing and Market Development forecasts that the price of cashew nuts is expected to increase in the coming time because the domestic supply of cashew is not much while the buying price of raw cashew is still high, not balanced with the price. Cashew kernel, so the processors are very careful in importing raw cashew nuts. 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. <br /> Cashew exports are forecast to slow down in the first quarter of 2021 according to the cyclical factor. However, the outlook for cashew exports for the whole year 2021 will generally be positive thanks to free trade agreements. </p>