The global cashew industry has been experiencing dynamic changes in recent months, influenced by various factors such as market demand, weather conditions, and supply chain disruptions. As of June 26, 2024, the cashew market is characterized by a notable increase in raw cashew nut prices, driven primarily by high demand from major export markets like China and India. Concurrently, processed cashew nut prices remain stable, reflecting the steady demand for these products both domestically and internationally.

Market Analysis and Forecast for the Cashew Industry on June 26, 2024

Market Analysis:

  • Raw Cashew Nut Prices:

Currently, the price of raw cashew nuts is continuing to increase slightly. The primary reason for this is the high demand from export markets, particularly from China and India. The rising demand from these markets has created supply pressure, leading to higher prices.

Additionally, the supply of raw cashew nuts is limited due to the impact of weather conditions and diseases. These factors have negatively affected cashew production, reducing the amount of available goods in the market and contributing to the rise in raw cashew nut prices. Currently, the price of raw cashew nuts ranges from 1,300 USD to 1,400 USD per ton.

  • Processed Cashew Nut Prices:

The price of processed cashew nuts is currently stable, fluctuating slightly in line with the price of raw cashew nuts. The demand for processed cashew nuts, both domestically and for export, is at a good level, helping to maintain price stability. Cashew processing companies are actively working to meet this demand. The current price of processed cashew nuts ranges from 8,500 USD to 9,000 USD per ton.

Market Forecast:

  • Raw Cashew Nut Prices:

In the short term, it is forecasted that the price of raw cashew nuts may continue to rise due to the high market demand. However, businesses need to closely monitor market developments to make appropriate business decisions. Timely information updates will help businesses adjust their business strategies, ensuring efficiency and profitability.

  • Processed Cashew Nut Prices:

The price of processed cashew nuts is expected to remain stable in the coming period. This is due to the gradually stabilizing supply of raw cashew nuts and the lack of significant market demand fluctuations.

Notes:

– Cashew prices can change depending on the time and region. Price fluctuations are influenced by various factors such as weather, diseases, and market demand.

– It is advisable to refer to additional information from multiple reliable sources before making transactions. This will help businesses have a comprehensive view and make more accurate business decisions.

Understanding the market situation and making accurate forecasts is crucial in the cashew industry. Businesses need to continuously monitor market trends to timely adjust their strategies, optimize profits, and minimize risks.

If you are looking for high-quality, healthy cashew nuts, come to CPT Corp. We are committed to providing you with the best products to meet your needs.

Contact Information:

HCM office Address: 191/6B Le Van Viet Street, Tang Nhon Phu A Ward, Thu Duc City, Ho Chi Minh City, Viet Nam

Factory Address: Nguyen Thai Hoc Street, Phuoc Tan Hamlet, Binh Tan Commune, Phu Rieng District, Binh Phuoc Province, Vietnam

Email: sales@cptcorp.vn

Website: cptcorp.vn

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