Home   >   NEWS & VIEWS   >   News

  • The market continued active trading

    Jun 28th, 2016

    Last week, in the context of the world economy has experienced great shock because Britain will leave the European Union (Proposed referendum on United Kingdom membership of the European Union), the international cashew market continued active trading. Some enterprises Vietnam announced that it has signed a contract to sell to the customer's US and EU good price to March 1/2017.

    According to the General Statistics Office of Vietnam, the UK market accounts for only about 2.5% of total export turnover Vietnam but the growth rate of 17% / year. For this sector, the UK is one of the 5 largest export market of Vietnam and the second largest in Europe, after the Netherlands. 2015 cashew exports to the UK reached 14.75 thousand tons quantity, exports 106 million US dollars, accounting for 4.5% share of exports of Vietnam's.

    He left Europe on the assessment of the domestic economic experts no direct immediate impact on the economy of Vietnam. The both England and Europe have calculated, prepared to leave Europe could make the region's economy soon recovered in a short time. However, in a few days the exchange rate prevailing in the world are those unpredictable.

    US customers are preparing for American Independence Festival will take place next week 07/04/2016, so that market transactions at the approach of forecasting ceremony will be very exciting. After the American Independence, the US will now prepare for the Christmas trading period and New Year 2017.

    Refer to the table that's today's price (Unit: USD / lb FOB Tp. HCM / Flexi packs): W240: 4.0 to 4.1; W320: 3.9 to 4.0; W450 / SW320 / LBW320: 3.8 to 3.9; DW: 3.6 to 3.65; WS / WB: 3.2 to 3.25; LWP: 3.1 to 3.15; SP: 2.85 to 2.9.

    Source: VINACAS