Cashew nut exports surge during 11-month period

08-Dec-2021 Intellasia | VOV | 5:02 AM Print This Post

Vietnam exported 531,000 tonnes of cashew nuts worth $3.34 billion during the opening 11 months of the year, representing a year-on-year rise of 14.3 percent in volume and 14.6 percent in value, according to figures given by the general Department of Vietnam Customs. November alone witnessed the country ship 50,000 tonnes of cashew worth $326 million abroad, representing a decline of 5.8 percent in volume and 7.0 percent in value compared to the previous month, but a rise of 8.1 percent in volume and 15 percent in value against the same period from last year.

The average export price during the 11-month period is estimated to stand at $6,290 per tonne, up 0.2 percent against last year’s corresponding period.

With regard to the structure relating to Vietnamese cashew exports, apart from exporting the main types of cashew nuts W320 and W240, the local cashew industry has promoted the export of high-value cashews such as W180.

Most notably, W180 cashew nut exports witnessed the highest level of growth in the opening 10 months of the year, a rise of 43.4 percent in volume and 56 percent in value on-year, with approximately 15,000 tonnes worth $127 million.

China remains a major export market for Vietnamese W180 cashew nuts with 7,740 tonnes worth $61.21 million, an increase of 33.7 percent in volume and 53.2 percent in value, followed by Israel with of 1,610 tonnes worth $15.3 million, up 65.5 percent in volume and 59.3 percent in value.

The average export price of W180 cashew nuts inched up by 8.8 percent to $8,515 per tonne during the 10-month period, while the average export price of the product to some markets such as Canada, Spain, Hong Kong (China), and Greece hit a high level of $13,666, $11,463, $11,264, and $10,814 per tonne, respectively.

https://english.vov.vn/en/economy/cashew-nut-exports-surge-during-11-month-period-909815.vov

 

Category: Economy, Vietnam

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