Cashews: are speculators taking advantage of the RCN shortage?

December 17, 2020 at 2:30 PM , Der AUDITOR
Play report as audio

HANOI. In the first eleven months of the year, Vietnam imported nearly 17% less RCN than in the same period last year. The shortage of raw nuts could motivate speculators to buy.

RCN imports down

Vietnam imported about 73,000 mt of raw cashew nuts worth USD 87 million in November. This brings total imports in the first eleven months of 2020 to 1.27 million mt, valued at USD 1.56 billion. Compared to the same period in 2019, this represents a drop in volume of almost 17%, according to the Vietnam Cashew Association (Vinacas). Most of the RCN were imported from Cambodia, Ghana and Côte d'Ivoire, according to the Ministry of Agricultural Processing and Market Development.

40% of the new crop from Tanzania are already sold

View related articles

Go to the News Overview
Nuts
Nov 1, 2024
ISTANBUL. As the candy bar Dubai chocolate has gone viral demand is up for pistachios. This has impacted supplies in Turkey.
Nuts
Oct 31, 2024
ORDU. This year’s SIAL was not quite what exporters in Turkey had in mind for hazelnuts. Price negotiations are also extremely difficult.
Nuts
Oct 30, 2024
MANILA/BANGKOK. Drought and pest infestation are causing coconut growers in Thailand a lot of trouble this season. Philippine exporters, however, are pleased with the good export figures.
Nuts
Oct 29, 2024
MADRID/SACRAMENTO. Producers are not quite as optimistic as official government bodies in Spain and California. Exports have started off well for almonds in Spain. US suppliers are urging buyers to act.