1-Cashew Exports From Vietnam Surpass 3.31 Billion USD In Eleven Months

1. Cashew Exports From Vietnam Surpass 3.31 Billion USD In Eleven Months Cashew Exports From Vietnam Surpass 3.31 Billion USD In Eleven Months According to data provided by the Ministry of Industry and Trade, Vietnamese cashew exports during the 11-month period brought in US$3.31 billion, a rise of 23.1% in volume and 17.4% in value over the same period in the previous year. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodities that connects bulk dry-fruit buyers with bulk dry-fruit sellers. Cashew producers and Cashew sellers can easily get the best price on the platform if they sell cashews in bulk while buyers can buy cashews in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Cashew Exports From Vietnam Cashew Exports From Vietnam The country's average cashew export price fell 4.7% to US$5,682 per tonne during the reviewed period. Accordingly, W320, W240, and W180 are the main cashew export items from the nation; they make up 63.51% of the total export volume and 69.84% of the export turnover, which benefits the cashew industry as a whole. For the last ten months of the year, the United States continued to be the biggest buyer of Vietnamese cashew nuts, but China has since become a significant purchaser. More specifically, 85,307 tonnes of cashew nuts were imported by China for more than US$522.3 million, representing a 43.1% increase in volume and a 47.2% increase in value over the same period last year.

2. Vietnamese Cashew Demand Vietnamese Cashew Demand Compared to the same period previous year, the average export price to this market increased by 2.8% to reach US$6,123 per tonne. The Vietnam Cashew Association (VINACAS) has proposed that cashew export turnover be adjusted this year to US$3.05 billion due to both internal and external difficulties. Experts predict that although the year-end demand for cashew nuts from the US and EU markets will increase Vietnamese cashew export turnover in the last few months of the year, cashew exports will not be able to surpass the record level this year. Industry insiders estimated that Ivory Coast and other African nations pose a serious competition to local cashew nuts. The cashew industry, they noted, must concentrate on improving product quality to avert pesticide residue warnings from major importers such as the US and Europe, as well as on processing quality and diversity of processed cashew nut exporters products in order to maximize its competitive advantage. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.