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  • Cashew export market first 8 months of 2016

    Oct 12th, 2016

    According to preliminary statistics of the General Administration of Customs, in the first 8 months of 2016, the country exported 226,540 tons of people of all kinds, earning US $ 1.77 billion (up 5.8% in volume and 13.6% increase in turnover compared to the same period last year).Vietnam cashew nuts exported to many markets around the world, which has 3 markets was over $ 100 million in the first 8 months, were: United States 596.5 million (accounting for 36.6% of total cashew exports of the country, up 5.2% yoy); China 229.7 million (13%, up 19%); Netherlands 243.3 million (13.7% and 24% respectively).

    Overall, in the first 8 months of 2016 exports of cashew nuts to the majority of the market will achieve positive growth in turnover compared to the same period in 2015; including strong export growth in some markets such as France (+ 71%), Pakistan (+ 221%); India (+ 100%), the Philippines (+ 91%). In contrast, exports plummeted at 2 figure in the market such as South Africa (-26.2%); Belgium (-24%); Japan (-21.4%); Taiwan (-15.7%); UAE (-15.46%).

    In the domestic market, the price of raw cashew nuts in Binh Phuoc materials are hit record, hit the milestone of 50,000 VND / kg, up on 10000-15000 VND / kg compared to the previous season and forecast further increases, while the current scarce plants, but no longer cashew farmers to sell reserves.This year, due to severe drought affecting 40% yield reduction that 2015-2016 season, while demand for the supply of raw materials to factories processing cashew exports remain buoyant, causing material market crude supply was scarce. Currently, supplies are limited and that import prices at a high level, but the farm was sold out at the beginning of things.

    According to experts, currently the world's cashews demand soared, the market is increasingly favored Vietnam's cashew nuts. Is the cashews are exporters of agricultural products have good output of agricultural products in the context of many other major exporters are still facing difficulties.

    Preliminary statistics on the export of cashew GDC first 8 months of 2016

    Market

    8T / 2016

    8T / 2015

    +/- (%) 8T / 2016 yoy

    Total turnover

    1773189461

    1561661827

    +13.55

    USA

    596 499 907

    566 794 892

    +5.24

    Netherlands

    243 305 666

    196 159 948

    +24.03

    China

    229 737 773

    192 359 499

    +19.43

    Brother

    83,284,152

    68,290,357

    +21.96

    Australia

    79,326,230

    78,962,638

    +0.46

    Canada

    61,107,060

    56,195,696

    +8.74

    Virtue

    59,795,553

    46,425,983

    +28.80

    Thailand

    46,975,975

    46,375,458

    +1.29

    Israel

    26,815,717

    18,549,452

    +44.56

    Italia

    23,644,112

    20,502,339

    +15.32

    Fall

    21,575,334

    13,934,861

    +54.83

    India

    18,711,461

    9344841

    +100.23

    France

    18,639,289

    10,880,187

    +71.31

    United Arab Emirates

    17,549,003

     

     

    Japan

    14,791,413

     

     


    Source: www. Vinacas.com