Cashew exports in eight months fetch 2.2 billion USD
Cashew exports fetched 2.2 billion USD in the first eight months of 2017, a rise of 24.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development.
Hanoi (VNA) – Cashew exports fetched 2.2 billion USD in thefirst eight months of 2017, a rise of 24.9 percent from the same period lastyear, according to the Ministry of Agriculture and Rural Development.
The sum was earned from 223,000 tonnes of cashew, a drop of 1.1 percent year onyear.
Average cashew price in the first eight months of this year wasestimated at 9,865.4 USD per tonne, up 27.2 percent over the same period lastyear and 20.3 percent compared to the average price of 2016.
The ministry reported that in August, about 35,000 tonnes of cashew wasshipped abroad for 351 million USD.
The US, the Netherlands and China continued to be the leading markets ofVietnamese cashew, which consumed 36.7 percent, 15.6 percent and 11.7 percentof the country’s total export volume, respectively.
The highest growth was recorded in the Russian market at 67.1 percent,followed by the Netherlands with 44.9 percent, the US, 38.2 percent, Israel, 30percent and the US, 22.1 percent, added the ministry.-VNA
Agro, fishery and forestry export turnover in the first eight months of this year rose 13.5 percent from the same period last year to 23.66 billion USD, the MARD reported.
As of August 15, 2017, Vietnam imported over 994,300 tonnes of raw cashew nuts, worth about 1.92 billion USD, up 54 percent in volume and 98.2 percent in value year on year.
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Illustrative image (Source: VNA) 
