Cashew nut exports increase in six months

05-Jul-2012 Intellasia | VOV | 7:01 AM

Vietnam earned $666 million from exporting 97,000 tonnes of cashew nuts in the first six months of this year, a year-on-year increase of 26.6 percent in value and 41.2 percent in volume.

About 20,000 tonnes were shipped abroad in June alone, according to the Ministry of Agriculture and Rural Development.

However, the average export price decreased 8.1 percent to $6,842 per tonne at present due to inactive market transactions and falling prices.

Vietnam remains the world’s biggest cashew nut exporter, making up 60 percent of the global volume. Its major consumers are the US (that purchases 37.7 percent of the total), China (26.3 percent) and the Netherlands (17.4 percent).

Vietnam is expected to export nearly 200,000 tonnes of cashew nuts this year.

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