The Cashew Nut Market in Vietnam: Fluctuations from March 25th to 29th, 2024

The cashew nut market is a significant agricultural sector, providing income for millions of farmers and workers worldwide. Vietnam is the world’s largest cashew nut exporter, accounting for over 50% of the global market. This article analyzes the cashew nut market in March 2024, focusing on prices, supply, demand, and recommendations for businesses.

Cashew Nut Market in March 2024: High Demand, Fluctuating Price

• Domestic Market

Raw Cashew Nuts:

– Prices: Slightly increased due to high demand from processors and exporters.

– Price difference: Up to 20 USD/ton due to higher raw material prices.

– Supply: Expected to be lower than 2023 but not significantly.

– Reasons: Lower quality and lower inventory.

Processed Cashew Nuts:

– Prices: Stable with slight variations.

– High demand: For high-quality grades like WW320, W320, and W240.

– Average export price:

+ WW320: 2.83 USD/Lb (FOB Vietnam)

+ Decreased by 6.96% compared to March 2023.

+ 4.45% lower than India’s price.

• International Market

Raw Cashew Nuts:

– Supply: Abundant from major producing countries like Nigeria, Côte d’Ivoire, Ghana, and Burkina Faso.

– Prices: Stable with possible slight decrease due to lower quality after harvest.

Processed Cashew Nuts:

– High demand: Especially from the US market.

– US imports in January 2024:

+ Volume: 11,785 tons

+ Average price: 5,312 USD/ton

+ Vietnam: Main supplier with 88.4% market share.

Recommendations for Businesses

Processors: Avoid signing low-priced cashew nut contracts without securing suitable raw cashew nut prices.

Exporters: Continuously update market information, assess risks, and develop appropriate strategies to optimize profits.

>>> You might be interested in: CPT Corp – a company specializing in supplying high-quality and health-safe cashews

CPT Corp – Your Trusted Source for High-Quality Organic Cashews

When it comes to purchasing high-quality organic cashews, CPT Corp is the top choice for many. Why should you choose to buy organic cashews from CPT Corp?

CPT Corp is committed to producing and supplying high-quality organic cashews. Our products are grown using organic processes without harmful chemicals, pesticides, or synthetic fertilizers. This ensures that you’re consuming a natural and health-safe product.

We prioritize quality above all else. Our cashews are carefully selected and undergo strict quality checks to ensure you receive only the best cashews. This superior quality translates into excellent taste and optimal nutrition.

CPT Corp takes environmentally friendly measures during the production of organic cashews, including organic farming methods, waste reduction, and the use of renewable energy sources.

Additionally, we collaborate closely with local farmers to cultivate and harvest organic cashews. This helps create equitable opportunities for farmers and ensures sustainable cashew production.

CPT Corp offers a variety of organic cashew products to suit your preferences, including whole cashews, salted cashews, sesame-coated cashews, and more.

Throughout the production and packaging process, we adhere to all food safety standards and regulations. Our products are carefully packaged to ensure safety and freshness.

For these reasons, CPT Corp is an excellent choice for those seeking high-quality and health-safe organic cashews. Place your order today to experience the difference we bring!

VIETNAM CASHEW NUT PROCESSING TECHNOLOGY CORPORATION (CPT CORP)

With a mission to bring joy and health to consumers, CPT CORP has been creating various cashew nut products of the highest quality from the best raw materials. We take pride in being one of Vietnam’s largest manufacturers and exporters of cashew nut products.

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

>>> See more: Why Choose Vietnamese Cashews over Imported Cashews?