Vietnam’s cashew exports in August alone reached a new record high of 60,580 tons worth US$333.83 million, according to figures released the Ministry of Industry and Trade.
These statistics represent a rise of 10.8% in volume and 9.7% in value compared to the previous month, whilst marking an increase of 29.2% in volume and 21.8% in value against the same period from last year. During the eight-month period, the country shipped nearly 395,600 tons of cashew worth US$2.28 billion, up 15.5% in volume and 11.3% in value compared to the same period last year.
The average export price of Vietnamese cashew in August reached US$5,510 per ton, down 1% compared to July and a drop of 5.7% compared to August, 2022. Meanwhile, the average cashew export price during the eight-month period stood at US$5,760 per ton, down 3.6% on-year.