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  • Cashew nut exports decreased in volume but increased in turnover

    May 3rd, 2017

    In March, the country exported 24,263 tons of cashew nut, equivalent to 230 million USD (a very strong increase of 80% in volume and 88% increase in turnover compared to February 1977).According to preliminary statistics of the General Department of Customs, in the first quarter 2017 the country exported 55,507 tons of cashew nuts, earning over 515 million USD (down 5.6% in volume but up 16% in turnover. With quarter I / 2016); Particularly, in March 2017, the export of 24,263 tons of cashew nut, equivalent to 230 million USD (a very strong increase of 80% in volume and 88% in turnover compared with February 1977).

    The United States has always maintained the top market for cashew nut consumption in Vietnam, with 18,929 tons in the first quarter of 2017, earning over $ 181 million (35% of total cashew nut exports and exports). Water), up 11.5% in volume and 39% increase in turnover over the same period in 2016.China - the second largest market for cashew nut consumption in Vietnam, reached 8,635 tons, earning nearly $ 80 million (16% of the country's total cashew nut export turnover), down 23.4% % In volume and down 2.6% in turnover over the same period in 2016.

    The third largest market was the Netherlands, with 7,263 tons, valued at $ 69 million (accounting for over 13% of the country's total cashew nut export turnover), up nearly 2% in volume and 24% Category over the same period).The most noticeable market for cashew exports in the first quarter of 2017 is the Ukrainian market, although the volume and turnover are very small (at the bottom of the turnover rank), but growth in comparison with the same period in 2016 The highest, 132% in volume and 238% in turnover. In addition, some markets also saw high growth rate in terms of turnover over the same period: exports to the UAE increased by 41.8%; To Spain increased 52.7%; Belgium increased by 42.6%; India increased by 53.8%; Israel increased by 47%.

    In contrast, cashew exports fell sharply in markets such as Hong Kong (-32.3%), Philippines (-28.6%), Singapore (-51%), Pakistan (-53.7%). .In the domestic market, March 3/17 is the time to start the cashew harvest. Average fresh cashew nut price was 46,000 VND / kg, while raw cashew nut was 60,000 VND / kg, the highest ever. Specifically, in Binh Thuan, the price of cashew nuts this year is high, ranging from 40,000-45,000 VND / kg, but cashew production in this locality has significantly reduced due to the influence of weather, pests. . In Dong Nai, the fresh cashew price from the beginning to the middle of the crop is always between 47,000-50,000 VND / kg, a record high compared to every year. In Binh Phuoc, the first thing fresh season is the traders buy at high prices, ranging from 43,000 to 45,000 per kg, even, the time when fresh cash is up to 47,000 per kg.

    Preliminary statistics of the GDC on cashew nut exports in the first quarter of 2017

     

    Market

    Quarter I / 2017

    +/- (%) Q1 / 2017 over the same period

    Amount (tons)

    Value (USD)

    Measure

    Value

    total

    55.507

    515.050.093

    -5.58

    +15.89

    USA

    18.929

    181.006.707

    +11.54

    +39,25

    China

    8.635

    79,898,437

    -23,36

    -2.61

    Netherlands

    7,263

    68,937,844

    +1.87

    +24,16

    Australia

    2.542

    23.497.701

    +8,08

    +30.72

    Brother

    2.426

    20.708.997

    +13.05

    +30,34

    Canada

    1.520

    15.278.809

    -33,27

    -16.82

    Thailand

    1.530

    14.457.149

    -2.05

    +19,39

    Virtue

    1.226

    11,713,957

    -38.64

    -25,26

    India

    1.190

    8.045.506

    +50,06

    +53.79

    Israel

    744

    7,885,201

    +10,06

    +47,32

    Fall

    775

    7.218.125

    -1,90

    +22.71

    United Arab Emirates

    870

    6,778,064

    +22.54

    +40,77

    France

    542

    5.812.029

    -9.82

     


    Source: vinacas.blogspot.com