𝗩𝗶𝗲𝘁𝗻𝗮𝗺’𝘀 𝗰𝗮𝘀𝗵𝗲𝘄 𝗲𝘅𝗽𝗼𝗿𝘁𝘀 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗶𝗻 𝗢𝗰𝘁𝗼𝗯𝗲𝗿

• 13.3% y/y increase in exports in January-October
• Main importers: the US and China
• Ivory Coast, Cambodia and Nigeria, the main suppliers of RCNs

Vietnam’s international cashew shipments increased by 13.3% year-on-year to 64,320 metric tons in October, bringing its global sales from January-October 2023 to 516,868 metric tons (+18.8% y/y) valued at $2,9 billion (+15.9% y/y) as the international demand is rising.

The main importers were the US, China and the Netherlands, accounting for 25%, 17% and 10%, respectively.

Vietnam’s raw cashew nut (RCN) imports this October fell by 23% y/y to 194,976 metric tons, bringing its January-October RCN imports to 2.52 million metric tons, 45% more y/y.

The main suppliers were Ivory Coast (31% of the total), Cambodia (24%), Nigeria (10%) and Ghana (9%). Ivory Coast has overtaken Cambodia as the main Vietnamese supplier, due to the disappointing crop in the latter.

Prices are stabilized, the Vietnamese trader Golden Bridge listing the following FOB quotations for shipments between November-December, in the week ending on 11 November:

• WW240 P5: $2.66/lb, two cents more m/m and 4% less y/y
• WW320 P10: $2.44/lb, one cent more m/m and 7% less y/y
• WW450 P4: $2.36/lb, five cents more m/m and 8% less y/y

Source: IHSmarkit