Exports increased sharply, a record high price of cashew nuts

(28/11/2016) Exports increased sharply, a record high price of cashew nuts

 

According to the Ministry of Agriculture and Rural Development: Currently, in many places across the country, the price of raw cashew nuts are at record highs in recent years.

Specifically, in Binh Phuoc dried cashew purchasing price reached 52,000 VND / kg. Currently, local sources have been exhausted, the farmers no longer something to sell.

In Dong Nai, dry out there is cashew traders purchase prices 55000-60000 / kg, rose 20000-25000 / kg over the same period last year and is the highest price in 5 years thick.

The cause of high prices are determined by demand surged while exports of crude in many people no longer by several months until the plans for 2017.

The latest report of the Ministry of Agriculture and Rural Development showed that cashew export volume in November was estimated at 29 thousand tons with a value of $ 257 million, bringing the volume of cashew exports 11 months reached 320 thousand tons and 2.59 billion USD, an increase of 6.2% in volume and 18.3% in value compared to the same period in 2015.

Cashew export prices on average 10 months to reach $ 8,033 / ton, up 10.5% compared to the same period in 2015. The United States, China and the Netherlands remained third import market is the biggest thing of Vietnam market shares were 34%, 14.2% and 13.5% of total export value.

10 months of the year, the market value increased exports of cashew nuts is Israel (49.6%), Germany (47.5%), China (25.2%), the Netherlands (23.2% ), the UK (23.1%) and Italy (19.4%).

Thanh Nguyen

Source: Customs