Cashew nut exports up in volume, value

(VOV) - Cashew nut exports are forecast at 20,000 tonnes in April with sales of US$132 million, according to the Ministry of Agriculture and Rural Development (MARD). 

The April figure brings total cashew nut export volume up 14.5% to 73,000 tonnes in the first four months of 2014 with sales of US$456 million up 15.7% in value, compared to the same period last year.

MARD reports that the export price of cashew nuts stood at US$6,182 per tonne, up 1.76%.

The US, China and the Netherlands remain three largest export markets for Vietnamese cashew nuts, making up 28.44%, 20.01% and 9.12% respectively of total export value.

The Vietnam Cashew Association (Vinacas) predicts that with nut shell oil and other processed products, the cashew sector is likely to realise a turnover of US$2.2 billion this year. 

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