CashewInformation.com

CashewInformation
News

Home   >   NEWS & VIEWS   >   News

  • The United States, China, the Netherlands, Germany, and Canada have high demand for importing Vietnamese cashew nuts next year 01/04/2022

    Jan 4th, 2022

    <p>According to statistics, Vietnam&#39;s cashew nut exports by the end of November this year to many traditional markets increased sharply, except China, the UK, and Russia compared to the same period last year. Accumulated in the first 11 months of this year, cashew nut exports to the US, China, Netherlands, Germany and Canada markets increased but exports to Australia and the UK decreased.&nbsp;</p> <p>According to specific data, Vietnam&#39;s cashew exports in November 2021 reached 50.7 thousand tons, worth 329.86 million USD, down 4.5% in volume and 6.0% in value compared to the previous month. but compared to the same period last year, it increased by 9.6% in volume and 16.2% in value. In the first 11 months of 2021, Vietnam&#39;s cashew nut exports reached approximately 531.5 thousand tons, worth 3.34 billion USD, up nearly 14.5% in volume and nearly 15% in value over the same period last year. last year.&nbsp;</p> <p>In addition, although export prices have remained low, the recovery in the average export price of cashew nuts since mid-2021 compared to 2020 also helps the industry increase value. Specifically, the average export price of Vietnam&#39;s cashew nuts in November this year reached $6,505/ton, down 1.6% from the previous month but up 6% over the same period last year. In the first 11 months of 2021, the average export price of Vietnam&#39;s cashew nuts reached $6,288/ton, a slight increase of 0.2% over the same period last year.</p> <p>Vietnam&#39;s cashew nut production industry this year faced many difficulties due to the influence of the pandemic, so the situation was complicated, and logistics costs increased. Experts forecast that with the results achieved in the first 11 months of this year, it is likely that cashew nut exports will exceed the set target of 3.6 billion USD this year. Besides, thanks to the efforts of cashew nut processing and exporting enterprises to maintain production and ensure supply, despite the complicated developments of the 4th Covid-19 wave, we have allowed achieve the above positive results</p> <p>Along with that, the new generation FTAs ​​help Vietnam&#39;s cashew industry to boost exports to key and potential markets such as EU member markets, Russia, Canada, UK, and Japan. Copy. More specifically, Vietnam&#39;s cashew nut production industry maintains export growth to the US market - our largest and most important export market.&nbsp;</p>


    Source: https://www.vinacas.com.vn/
Top