Vietnam's cashew nut exports increased in the first quarter.

(VAN) In the 1st quarter of 2024, Vietnam's cashew exports reached about 147 thousand tons, worth $ 782 million, up 31.8% in volume and 20.5% in value.

Maintaining the standing of cashew via value-added products

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Vietnam’s cashew exports surpassed 600 thousand tons

In March 2024 alone, Vietnam's cashew exports reached 55 thousand tons, worth $ 289 million, up 106.8% in volume and 103.4% in value compared to February 2024.

Processing cashew kernels for export. Photo: Thanh Son. — Processing cashew kernels for export. Photo: *Thanh Son.*

According to estimates, Vietnam's average cashew export price will reach 5,248 USD/ton in March 2024, down 1.7% compared to February 2024 and down 11.6% compared to March 2023.

In the first quarter of 2024, Vietnam's average cashew export price is estimated to reach $ 5,329/ton, down 8.6% compared to the same period in 2023.

Regarding type structure, in the first 2 months of 2024, Vietnam increased exports of most cashew types compared to the same period last year, except for WS/WB, SP, and DW cashews.

According to preliminary statistics from the General Department of Customs, in the first 2 months of 2024, Vietnam mainly exports cashew nuts W320 and W240, the proportion accounts for 56.71% of the total amount of cashew nuts exported. Therefore, growth in W320 and W240 cashew exports has a positive impact on industry performance.

Author: Hong Tham

Translated by Hoang Duy

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