Hanoi (VNA)𒐪 – Vietnam's cashew nuts have accounted forapproximately 90 percent of the US cashew imports in spite of fierce competition from other suppliers.
The US imported over 97,000 tonnes of cashew nuts worth 615.68million USD during the first seven months of this year, an increase of 0.5percent in volume and a drop of 6.1 percent in value compared with the same periodlast year, accordingto US International Trade Commission.
The volume of imports from mostmain suppliers increased, but the growth of imports from Vietnam was the lowest in the reviewed period. Specifically, the US imported87,000 tonnes of cashew nuts worth 545.88 million USD from Vietnam, up 0.7percent in volume but down 6.4 percent in value compared to last year’sfigure.
Strict social distancingmeasures and high freight costs caused by the fourth wave of COVID-19 haveexerted a negative impact on Vietnamese cashew exports to the US.
ꦛ However, the share of Vietnam's cashew nut in the US market during the first seventh month of 2021 rose slightly to 89.26 percent from 89.08 percent last year.
The country maintained its position as the number 1 cashewnut supplier of the US thanks to its stable supply and good quality./.
More Japanese consumers prefer Vietnamese cashew nuts, reflected through an expansion of the market share of the product in the country’s total import value.
The share of Vietnamese cashew nuts in Russia’s import of the product during the first half of 2021 reached 57.68 percent, increasing 7.4 percent year on year, according to statistics from the Federal Customs Service of Russia.
Australian people will have a chance to taste Vietnamese cashew nuts in a programme which will be held by the Vietnam Trade Office in Australia from September 25 – October 2.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image. (Photo:nongnghiep.vn) 
