According to the import & export data from Vinacas, in December/2020, Viet Nam exported 52,676 mt cashew kernels, increased by 13.48% in quantity but decreased 2,13% in term of turnover. In 2020, a total of exported cashew kernels reached 115,87% the target and increased 100.32% in the comparison of 2019.
The average export price of kernels in December was 5,764 USD, which was 16.56% lower compared to last year. In the year of 2020, The kernel average export price only reached 6,216 USD, less than 14,13% in 2019.
Cashew exports are forecast to slow down in the first quarter of 2021 due to the cyclical factor.
Recently, the exports have become difficult because of the lack of emty containers, which leads to incredibly high shipping costs. This is one of the main reason why cashew kernel price has decreased
Vietnam imported a total of 190,514 mt RCN in December, which is 33.98% more than last year during the same period. It brings the total imports for 2020 at 1,735,936 mt RCN. In 2020, the imports remained lower than 2019 until October, but in November and December the trend reversed and the total imports this year reached 3.51% more than in 2019. Nevertheless, the turnover is 8.31% lower than in 2019. On top of that, Vietnam imported 6,795 mt of raw cashew kernels with Testa and white kernels which makes the total for this year at 58,204 mt, the equivalent of 258,684 mt RCN.
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