Business

Cashew export value up 15.42 percent in Q1

Vietnam exported 57,927 tonnes of cashew worth 409.18 million USD in the first quarter.
Vietnam exported 57,927 tonnes of cashew worth 409.18 million USD in the first quarter.

Thisrepresented an increase of 32.4 percent in volume and 15.42 percent invalue, Nguyen Duc Thanh, Chairman of the Vietnam Cashew Association(Vinacas), told a meeting in Ho Chi Minh City April 6.

The average export price was 7,066 USD per tonne.

TheUS, China, Singapore, Canada, Australia, the Netherlands, the UK,Thailand, Germany, and the UAE are the Vietnam's largest buyers.

Global demand is expected to remain high, especially in the US and Middle East markets.

The industry set itself a target of 2.5 billion USD from exports this year compared to last year's 2 billion USD.-VNA
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