Ten months in cashew exports earned US $ 2.34 billion

According to statistics of the General Administration of Customs, the export volume of cashew nuts 10 months to reach 290 936 tonnes, equivalent to US $ 2.34 billion, up 5.8% in volume and 16.9% in value compared to the same period in 2015. it is expected that the exports of cashew nuts in 2016 reached nearly $ 3 billion, continues to lead the world.

USA, Netherlands and China remained the third biggest market for Vietnam's cashew nuts. Specifically, exports of cashew nuts to the US (reaching 795.4 million USD, accounting for 34%, an increase of 12.5% over the same period); exports to the Netherlands (reaching 315.8 million USD, accounting for 13.5%, an increase of 23%); to China (reaching 332.7 million USD, accounting for 14.2%, 24.4%).

Overall in the first 10 months, exports of cashew nuts to the market most of the positive growth in turnover compared to the same period last year; which increased sharply in some markets such as Pakisstan (+ 197%), India (+ 80.7%), Russia (+ 59%), France (+ 56.6%), and Ukraine (+ 80% ).

In the domestic market, the price of purchasing dried nuts are reaching record highs in recent years. In Binh Phuoc - where the largest cashew production in the country reached 200,000 tons / year, the current supply was exhausted, up to 52,000 VND / kg.

According to Binh Phuoc Cashew Association, the province has more than 210 enterprises and 400 cashew processing facilities with a total capacity of 130,000 tonnes / year, but only 81 287 tonnes of grain were purchased / year, which is only about 65% of production province of crude, the rest must be imported for processing raw materials. High prices in 2016 may affect the overall demand in 2017.

According to forecasts, the price of cashew nuts to dry while still continuing upward trend by rising demand, but supply dwindling, so affected by the weather. Output of articles of Vietnam's 2016 forecast did not increase compared to 2015. In order to ensure supply, the processors can not rely on that source of raw materials locally. Approximately 2/3 of the export of processed cashew annually from imported sources. West Africa accounts for about 46% of global production of crude (2015) and most of the crude produced in this region are processed in India, Vietnam or Brazil.

The first 10 months of 2016, the business has imported 913,000 tons of crude, worth $ 1.4 billion, up 17% in volume and 39% in value compared to the same period of 2015. The forecast this year, Vietnam Men may import 1 million tons of rolled material (if the import quota from Cambodia), accounting for 65% of domestic processing conditions. He was rated as industry turnover brings "billions"; however, quantities imported as above, this sector is one of the sectors with the supply and demand of raw materials most serious imbalances.

Preliminary statistics on the export of cashew GDC first 10 months of 2016

Unit: USD

Market	10T / 2016	10T / 2015	+/- (%) 10T / 2016 yoy
Total turnover	2337035600	1998673971	+16.93
USA	795 395 792	707 363 814	+12.45
China	332 740 382	267 402 548	+24.43
Netherlands	315 758 533	256 823 498	+22.95
Brother	105 584 366	86,035,109	+22.72
Australia	102 718 034	102 245 534	+0.46
Virtue	83,085,321	56,471,424	+47.13
Canada	75,368,763	72,119,451	+4.51
Thailand	52,679,503	57,235,562	-7.96
Israel	33,093,758	22,127,841	+49.56
Italia	30,003,061	25,123,661	+19.42
Fall	28,313,524	17,798,975	+59.07
India	23,319,248	12,906,335	+80.68
France	23,167,335	14,792,749	+56.61
United Arab Emirates	22,198,042	23,759,340	-6.57
Japan	21,063,504	22,769,421	-7.49
New Zealand	18,047,752	16,905,553	+6.76
Spain	16,828,803	17,492,183	-3.79
Taiwan	16,780,524	18,987,015	-11.62
Hong Kong	14,875,624	12,639,165	+17.69
South Africa	8609997	10,192,263	-15.52
Pakistan	8600607	2895433	+197.04
Belgium	8462110	10,905,254	-22.40
Singapore	7425416	6781234	+9.50
Philippines	7174013	5470688	+31.14
Norway	6727242	5256127	+27.99
Greek	6451963	6303780	+2.35
Ukrainian	1887319	1048200	+80.05

Thuy Chung

Source: Vinanet