Cashew prices rose due to supply reduction

Cashew consumers increasingly favored by global research further shows the value of the health of nuts - especially the salted cashews roasted or unroasted not honey. NIS is not only help enhance the flavor curries or baked goods, but also adds protein and rich in nutrients, good for the heart, eyes and skin. Compared to other nuts, cashews have a lower calorie content.

However, before you decide to reserve this nuts, cashews need to remember that there are relatively high levels of calories compared to other foods and you will only need a little nuts is enough. Cashew prices surged 23% from the beginning of the year, could also be a reason why you hesitated before this nuts.

The market currently has the highest price in nearly 5 years, due to lower supply in the main production areas in the world, especially Vietnam and West Africa. Severe drought and then heavy rain to the region in reducing the productivity and quality in early 2016.

Vietnam is the largest manufacturer of world conditions - accounted for 28% of global production. However, Vietnam imported more raw cashew for processing and re-export. Vietnam currently accounts for about 42% of exports global processing. Most Vietnam imports of crude from West Africa, but the region remains under severe drought and could impact 2017 production.

Demand has increased for Vietnam cashew nuts, processed by high quality. Despite high prices, exports of cashew nuts from Vietnam so far this year has increased by 5% to 228,000 tonnes compared with the same period last year. Concerned about the quality of the nut in the coming year that buyers buy more aggressively this time to ensure the supply of quality products.

When that price increases, consumers can fully find an alternative to the other: almonds. Previously rising prices almonds cashews also increasingly popular. In 2.5 years, almond prices traded higher at home thing, but this almond prices fell less than the price of cashew nuts. California almond production in crop year 2015/16 is estimated at 1.9 billion pounds, due to severe drought. However, the weather in this crop year 2016/17 is anticipated more favorable. Also, increasing the production area is also forecast to increase to 2.1 billion pounds yields (~ 952.54 thousand tons).

Source: VNX / Mintec / Gapping World