Nine-month cashew exports record double-digit growth
VOV.VN - Vietnam exported 456,000 tonnes of cashew nuts worth US$2.6 billion during the initial nine months of the year, up 19.6% in volume and 14.3% in value year on year, reported the Ministry of Industry and Trade.
September alone witnessed businesses ship 60,000 tonnes of cashew nuts abroad, earning US$328 million, up 56% in volume and 39.6% in value compared to last year’s corresponding period.
The average cashew export price recorded throughout the nine-month period stood at US$5,722 per tonne, down 4.5% year on year.
Some of the country’s major cashew export products include W320, W240, and W180, accounting for 63.55% of total Vietnamese export volume and 70.0% of total export turnover.
According to industry insiders, the export growth of these types of cashew nuts has made a positive impact on the entire cashew industry as a whole.
Statistics indicate that since August, Vietnamese cashew exports to the United States have witnessed a significant rebound. The cashew industry is anticipated to see robust growth, particularly following US President Joe Biden’s Vietnam visit on September 10-11, 2023.
Meanwhile, cashew nut exports to China have also recorded high growth, which will also make a remarkable contribution to the overall export growth for the entire year.
Vietnam's cashew exports are projected to thrive ahead in the remaining months of the year as the demand for cashew nuts for the coming holidays and other festivals will increase sharply during the year-end period.
