Illustrative image. (Photo:nongnghiep.vn)Hanoi (VNA) – 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.
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./.
