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Sunday, June 23, 2024

Cashew imports fall in Sept

By Trong Nghia

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HCMC – Vietnam imported 206,810 tons of raw cashew worth US$271 million in September, down 10.3% in volume and 7.1% in value month-on-month.

Statistics from the General Department of Vietnam Customs indicated that the import of cashew from the Ivory Coast last month amounted to more than 100,000 tons valued at some US$127 million, accounting for 48.5% in volume and 47% in value of the country’s total cashew imports.

Meanwhile, the country imported a mere 8,920 tons of cashews worth US$14.5 million from Cambodia, down sharply against the previous month. In April alone, Vietnam bought some 420,000 tons of cashew from Cambodia.

However, between January and September, Cambodia remained Vietnam’s largest cashew supplier, with a volume of over 1.1 million tons worth US$1.84 billion, while the Ivory Coast exported 519,464 tons worth US$669 million to Vietnam.

On the cashew export side, as the global demand for cashew remains high, Vietnam’s cashew exports will rise after the country brings the pandemic under control, said Ta Quang Huyen, vice chairman of the Vietnam Cashew Association. The association forecast Vietnam’s revenue from cashew exports in 2021 would increase by 10% against 2020.

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