November 6, 2024 | 06:11 GMT +7

  • Click to copy
Tuesday- 14:11, 14/09/2021

Russia increases cashew imports from Vietnam

(VAN) Vietnam’s cashew nuts have already accounted for the largest market share in Russia. Thanks to Russia’s increasing demand for the nut, Vietnam‘s cashew market share in this market continues to rise.
Russia promotes cashew imports from Vietnam. Photo: TL.

Russia promotes cashew imports from Vietnam. Photo: TL.

According to Russia’s Customs Service, in the first six months of 2021, the country increased cashew imports from Vietnam, Belarus while reducing imports from other suppliers.

During this period, Russia imported 4,870 tons of cashew nuts from Vietnam worth US$27 million, up 72% in volume and 29.2% in value compare to the same period in 2020.

Vietnam’s cashew nut market share in Russia’s total import rose from 50.28% in the first six months of 2020 to 57.68% in the same period in 2021.

Despite facing the competition from Belarus, Vietnam’s cashew industry has confirmed its position as the No.1 supplier of cashew nuts in Russian market thanks to stable supply and guaranteed quality.

Russia’s demand for cashew nuts tends to rise. In the first 6 months of 2021, Russia imported 8,450 tons of cashew nuts worth US$31.4 million, up 50% in volume, and 22.3% in value over the same period last year.

Author: Thanh Son

Translated by Mai Tham

Entry into the 2,500 billion USD Halal food market: From wild tree to billion-dong export product

Entry into the 2,500 billion USD Halal food market: From wild tree to billion-dong export product

(VAN) Several years ago, after the Vietnam Young Businessmen Association visited agricultural production models in Japan and Israel, Tan left his job to high-tech agricultural production with centella being the main product.

Vietnam leads in exporting fish filets and processed fish to Singapore

Vietnam leads in exporting fish filets and processed fish to Singapore

(VAN) Ranking 5th among the largest seafood exporters to Singapore, Vietnam leads in frozen fish filets and processed fish products.

Chinese market: 'Trump card' in fruit export

Chinese market: 'Trump card' in fruit export

(VAN) Vietnam's fruit export turnover to China is increasing and is estimated to reach approximately USD 5 billion in 2024.

Argentina soy crop sees upswing but challenges ahead

Argentina soy crop sees upswing but challenges ahead

(VAN) Soybean production is estimated at 52 million tonnes, up from 49.5 million tonnes last harvest.

Poultry business update: What did you miss this October?

Poultry business update: What did you miss this October?

(VAN) We’re keeping our finger on the pulse and bring you a summary of the latest business updates from the global poultry industry this October...

Entry into the $2,500 billion Halal market: Positioning Vietnam as a link in Halal value chain

Entry into the $2,500 billion Halal market: Positioning Vietnam as a link in Halal value chain

(VAN) The Prime Minister has established the goal of establishing Vietnam as a critical destination on the global Halal map and as a critical link in the Halal value chain for the Halal industry.

Chinese market: accessible but challenging

Chinese market: accessible but challenging

(VAN) Chinese consumers demand significantly for agricultural products in general and fruits in particular; however, meeting the market requirements is challenging.

Read more