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  • Vietnam: Prepare for Autumn, and Chinese concentrate purchases

    Jul 27th, 2015

    In the last 2 weeks, traded on the international market place that's normal.

    In India, demand reduction purchases since the end of the Ramadan fasting month of Muslims. WW320 inland is trading at prices from 9.85 to 9.90 USD / kg. This price actually remains relatively high compared with the export price.

    Markets in Australia - Top5 export market of Vietnam importantly also had more positive signs in the Australian winter period (from June to August). However, the Australian dollar devaluation still seems significantly impact demand for Australian consumers.

    Similarly, in Europe, there are concerns that the euro depreciated against the dollar will make imports of European goods become more expensive. However the recent positive signs can help change the situation. The fact that the first 6 months of 2015, exports of cashew from Vietnam to Europe remain buoyant over 15% in volume compared with the same period of 2014. The country's imports biggest thing in Europe include Dutch , UK, Germany.

    In Vietnam, the demand seems to start up from the Chinese market while Chinese visitors started asking each lot. Forecasts will be another important purchase to prepare for the upcoming Mid-Autumn occasion.

    Refer to individual export prices from Vietnam to North America, Europe today: (Unit: USD / lb FOB Tp. HCM): W240: 3.65 to 3.7; W320: 3.55 to 3.6; W450 / SW / LBW320: 3.35 to 3.4; DW: 3.25 to 3.3; WS / WB: 3.1 to 3.2; LWP: 3.0 to 3.1.


    Source: www.vinacas.com.vn