Cashew exports in eight months fetch 2.2 billion USD

Illustrative image (Source: VNA)

Hanoi (VNA) – 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.

The sum was earned from 223,000 tonnes of cashew, a drop of 1.1 percent year on year.

Average cashew price in the first eight months of this year was estimated at 9,865.4 USD per tonne, up 27.2 percent over the same period last year and 20.3 percent compared to the average price of 2016.

The ministry reported that in August, about 35,000 tonnes of cashew was shipped abroad for 351 million USD.

The US, the Netherlands and China continued to be the leading markets of Vietnamese cashew, which consumed 36.7 percent, 15.6 percent and 11.7 percent of 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, 30 percent and the US, 22.1 percent, added the ministry.