Thanks to the benefits of cashew nuts to human health, the demand for cashew nuts is increasing. Cashew exports of Vietnam in the first 3 months of 2021 increased 13.2% in volume, earning 634 million USD. Update the latest cashew prices At the end of March 2021, the price of fresh cashew nuts suddenly decreased compared to the beginning of the crop. In Binh Phuoc, if at the beginning of March, the price of fresh cashew nuts was 28,000 - 29,000 VND / kg, then by the end of March, the price of fresh cashew nuts was only 20,000 VND / kg. Binh Phuoc people hope that when entering the main season, the price of cashew will inch up and stabilize so that farmers can invest in care for the next crop.The total cashew area of Vietnam in 2021 will reach 297,000 ha, equal to 99.7% compared to 2020.Currently, farmers are harvesting cashew, expected the end of April is the end of the crop, cashew output is estimated at about 350,000 tons. This year's cashew crop is not very good because the off-season rains cause much fruit rot, reducing the yield by 15-20%. World demand spikes, cashew prices have increased? Thanks to the benefits of cashew nuts to human health, the global demand for this nut has increased. According to statistics, the global demand for cashew nuts reached 9.94 billion USD in 2018 and is expected to reach 13.48 billion USD by 2024, the average growth rate is 5.2% in the 2018 period. - 2024. The above judgment is based on an increased market demand for healthy snacks, with an increasing demand from European countries and an increase in the number of major processing facilities in Africa. Today, consumers prefer products with high nutritional value. Cashew nuts have gained worldwide popularity for their health benefits.According to research published in the British Journal of Nutrition, the risk of coronary heart disease may be 37% lower in people who consume nuts more than four times a week, compared with those who never or never. regularly consume nuts. Therefore, cashews can be used in the manufacture of snack bars, instead of chocolate with a high calorie content.Recently, cashew milk is also used more. Cashews are used to make milk substitutes, such as: cashew milk, cashew cheese, cashew cream sauce and sour cream. According to experts, there are 7 reasons you should regularly use cashew nuts, because they contribute to cancer prevention, nourish hair and skin, maintain cardiovascular health, are good for bone health, Good for nerves, improving brain function and losing weight. For example, in Russia, according to statistics of the International Trade Center, the import of Russian cashew nuts in the 2016-2020 period grew by an average of 22.1% per year (by volume), from 5,100 tons in 2016 , to 10,700 tons in 2020. In terms of value, Russia's imports of cashew nuts in the 2016-2020 period grew by an average of 22.54% per year, from $ 26.52 million in 2016, to $ 45.2 million in 2020.In which, Vietnam is the largest supplier of cashew nuts to Russia in 2020, the import volume is approximately 6,000 tons, worth 37.65 million USD, down 15.7% in volume and 34.8% in value. price compared to 2019. Vietnam's market share of cashew nuts in total Russian imports accounts for 55.66% in 2020, lower than 60.73% in 2019. Export increased in volume, but cashew nut prices have not improved In the context of an increasing world demand for healthy nuts, Vietnam's cashew nut exports in March 2021 reached 41,000 tons, worth $ 240 million, up 86.5% in volume and value. an increase of 88.2% in value compared to February 2021, a decrease of 6.8% in volume and a decrease of 22.5% in value compared to March 2020. Generally in the first quarter of 2021, the export of cashew nuts was estimated at 108,000 tons, worth $ 634 million, up 13.2% in volume, but down 5.8% in value over the same period in 2020. The average export price of cashew nuts in March 2021 was estimated at US $ 5,854 / ton, up 0.9% over February 2021, but down 16.9% compared to March 2020.Generally in the first quarter of 2021, the average export cashew nut price was estimated at 5,862 USD / ton, down 16.8% over the same period in 2020. In 2021, the cashew industry aims to export $ 3.6 billion, up 12.9% compared to 2020, and so far, Vietnam has exported cashew kernels to more than 90 countries and territories, accounting for more or less 80% of cashew kernels are exported worldwide.However, in the global cashew value chain, Vietnam mainly exports low-value pre-processed cashews, about 10 USD / kg, while the finished cashew kernels reach consumers in countries about 30 USD. / kg.