The average export price of cashew nuts in May reached the highest level According to statistics from the General Department of Customs, in May 2022, Vietnam's cashew exports reached 49.9 thousand tons, worth $304.65 million, up 2.5% in volume and 5.0 % in value compared to April 2022, but compared to May 2021, down 6.4% in volume and 7.0% in value. In the first 5 months of 2022, Vietnam's cashew exports reached 202.9 thousand tons, worth 1.21 billion USD, down 5.7% in volume and 5.0% in value over the same period last year. year 2021. Vietnam's military personnel are currently at the top of the list The average export price of Vietnam's cashew nuts is reaching the highest level since the beginning of the year. Vietnam's military personnel are currently at the top of the list Source: Calculation from the data of the General Department of Customs Price movements: In May 2022, the average export price of Vietnam's cashew nut reached 6,105 USD/ton, up 2.4% compared to April 2022, but down 0.6% compared to May 2021. . Generally in the first 5 months of 2022, the average export price of Vietnam's cashew nuts reached US$5,992/ton, up 0.8% over the same period in 2021. Vietnam's military personnel are currently at the top of the list Source: Calculation from the data of the General Department of Customs About the market: In May 2022 compared to May 2021, cashew nut exports to many key markets decreased, except for the UK, the United Arab Emirates and Saudi Arabia. In the first 5 months of 2022, cashew nut exports to many key markets increased compared to the same period in 2021, including: the United States, the United Kingdom, Australia, the United Arab Emirates, Saudi Arabia, and Italy. According to Vinacas, the export of cashew kernels in the last months of the year will face more difficulties due to high inflation globally, reducing purchasing power, and the Chinese market will continue to maintain the "Zero Covid" policy. Ships continue to stay high… It is forecasted that the above factors will reduce the amount of cashew kernels exported in the coming months, which may last until the end of this year. Vinacas has asked the Ministry of Agriculture and Rural Development to adjust the export target of cashew nuts this year to $3.2 billion, down $600 million compared to the plan set out at the beginning of the year and down $400 million compared to 2021. Vietnam's military personnel are currently at the top of the list Source: Calculation from the data of the General Department of Customs Europe is having to buy cashew nuts at an expensive price, an opportunity for Vietnamese cashew According to Eurostat, in the first quarter of 2022, cashew nut imports into the European Union, a major market for Vietnam's cashew nuts, reached approximately 50.4 thousand tons, worth 325.67 million EUR (341.81 million USD). , up 0.2% in volume and 11.2% in value over the same period in 2021. The average import price of cashew nuts into the EU market in the first quarter of 2022 reached EUR 6,462/ton (US$6,782/ton). tons), up 11% over the same period in 2021 . Vietnam's military personnel are currently at the top of the list The average import price of cashew nuts into the EU market in the first quarter of 2022 reached EUR 6,462/ton (US$6,782/ton), up 11% over the same period in 2021. Specifically, in the first quarter of 2022, the Netherlands imported 14.83 thousand tons of cashew nuts, worth over 95 million EUR (99.72 million USD), down 5.3% in volume, but up 7.5% in value. price compared to the same period in 2021. The average import price of cashew nuts of the Netherlands in the first quarter of 2022 reached EUR 6,407/ton (US$6,725/ton), up 13.6% over the same period in 2021. In the first quarter of 2022, the Netherlands imported 11.7 thousand tons of cashew nuts from Vietnam, worth EUR 74 million (US$77.76 million), down 10.6% in volume, but up 1.8% in value. price compared to the same period in 2021. Vietnam's cashew nut market share in total Dutch imports decreased from 83.49% in the first quarter of 2021 to 78.83% in the first quarter of 2022. In the first quarter of 2022, the Netherlands increased its imports of cashew nuts from the markets of India, Burkina Faso and Nigeria. The cashew nut market share of the above markets in the total import volume of the Netherlands increased from 6.49%, 1.14% and 0.31% in the first quarter of 2021 to 8.56%, 2.73%, respectively. and 1.93% in the first quarter of 2022. However, the cashew nut market share of India, Burkina Faso and Nigeria in the Netherlands is still low, unable to compete with Vietnam's cashew nut. Vietnam's military personnel are currently at the top of the list Source: Eurostat Also in the first quarter of 2022, Poland imported 2.68 thousand tons of cashew nuts, worth 15.06 million EUR (17.9 million USD), up 24.1% in volume and 34.3% in value. compared to the same period in 2021. The average import price of Polish cashew nuts in the first quarter of 2022 reached EUR 6,362/ton ($6,677/ton), an increase of 8.2% over the same period in 2021. In June 2022, the world export price of raw cashew nuts decreased compared to the end of May 2022. On June 3, 2022, the export price of raw cashew nuts in Benanh decreased by 50 USD/ton, to 1,375 USD/ton; in Ivory Coast, Gana and Nigieria both decreased by 75 USD/ton, to 1,275 USD/ton. Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, Vietnam's cashew exports to the European market have recorded impressive growth. In the first 4 months of 2022, statistics from the General Department of Customs show that Vietnam's cashew exports reached 153.35 thousand tons, worth USD 913.5 million, down 5.2% in volume and down 4 .1% in value over the same period in 2021. Notably, cashew exports to many countries in the European region recorded high growth compared to the same period last year, such as: Exports to the UK reached 25,339 thousand USD, up 16.4%; exports to Germany reached 37,178 thousand USD, up 12.9%; exports to Italy reached 20,954 thousand USD, up to more than 110%... The tax rate for cashew nuts and cashew products imported into the EU from Vietnam has been reduced to 0% right after the EVFTA came into effect (June 8, 2021). This is an important milestone and a great opportunity for cashew businesses because before the implementation of EVFTA, the tariff of cashew nuts imported into the EU from Vietnam fluctuated from 7 to 12%. In Western Europe, Vietnam's cashew nuts are exported to countries: Germany, the Netherlands, France, Belgium... In which, the cashew industry has well exploited the Dutch and German markets. These are also important trade hubs for imported cashews for re-export. It is known that the current food consumption trend of the European market focuses on factors with products such as: Focusing on health; convenience and technology; alternative proteins (vegetable origin); sustainability and waste reduction; Looking for new flavors and experiences. Meanwhile, cashews are one of the products with high nutritional content, low glycemic index beneficial to health, and at the same time, this is also a product with many flavors, suitable for preferences, popular with consumers. European consumers prefer. With FTAs ​​such as EVFTA, Vietnam-UK FTA (UKVFTA), tariff barriers are removed, import tax on cashew nuts into the EU market of 27 countries and the UK market are all equal to 0% are factors. quite favorable to promote the export of this item in the near future, especially in the context that cashew nut exports to many markets are forecasted to be difficult...