Exports of Q1 / 2017 declined in volume but increased in value

The average cashew export price in the first two months of 2017 reached $ 9,090 per tonne, up 20.7 per cent over the same period in 2016. The United States, China and the Netherlands still maintain the top 3 cashew import markets. Vietnam accounts for 33.2%, 18.1% and 12.9% of total cashew exports, respectively. In the first two months of 2017, the markets for cashew nut exports increased sharply (47.1%), United States (30.1%), Australia (25.6%), United Arab Emirates The most (25.6%) and Thailand (12.8%).

Meanwhile, the amount of cashew nuts imported in March 2017 is estimated at 44 thousand tons with the value of 88 million USD, bringing the volume and value of importing the first 3 months of 2017 reached 145 thousand tons and 303 million USD Up 35.3% in volume and 79.4% in value over the same period in 2016.

In the domestic market, in March 2017, the harvest time adjustment is starting. The price of fresh cashew is being sold at an average price of 46,000 VND / kg, while the price of raw cashew is 60,000 VND / kg, the highest ever. Specifically, in Binh Thuan, the price of cashew nuts this year is high, ranging from 40,000-45,000 VND / kg, but cashew production in this locality has significantly reduced due to the influence of weather, deep sick. In Dong Nai, the fresh cashew price from the beginning to the middle of the crop is always between 47,000-50,000 VND / kg, a record high compared to every year. In Binh Phuoc, the first fresh season is being purchased by traders at high prices ranging from 43,000 to 45,000 VND / kg, even, when the price of fresh cash is up to 47,000 VND / kg.

Looking back the first 3 months, the market fresh thing is not very exciting due to the new harvest time in mid-March 2017. However, the market dried up on the upswing due to limited supplies due to unfavorable weather conditions.

Source: dangcongsan.vn