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Vietnam Increased Imports Raw Cashew Nuts RCN - April 2021

 

Vietnam Increased Imports Raw Cashew Nut (RCN) in April 2021

According to estimated data on Vietnam’s cashew industry, in April 2021, cashew processing enterprises in Vietnam imported 480,000 tons of cashew nuts, worth 772 million USD. 

  • Compared to March 2021: the import volume is equivalent to March 2021.
  • Compared to March 2020: the import volume increase: 375%, import value increase: 470.5%.

According to the report, the Volume of raw cashew nuts (RCN) imports after the first 4 months of 2021 was almost equal to the total imports in the whole year of 2020 (1.45 million tons RCN). At the moment, Cashew processing Factories in Vietnam are scrambling to buy raw materials from cashew-growing countries in Africa, causing the price of raw cashew to rise. The average import Price of Raw Cashew Nuts in the first four months of 2021 is about US$1,580/ton, up 5.8% in value over the same period in 2020.

Container of Cashew Nut Kernels Shipping to Port - Kimmy Farm

Container of Cashew Nut Kernels Shipping to Port – Kimmy Farm

READ FULL: https://kimmyfarm.com/en/vietnam-increased-imports-raw-cashew-nuts-rcn-in-april-2021

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