8 reasons for the increase in prices of cashew kernel in Vietnam
22/04/2020
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Honesty is quality
As per the Virus Corona (Covid 19) spread all over continents and countries, the business of all industries seem to be slow currently. And the Cashew business also in the same situation.
In Vietnam, We saw some upwards pricing since recently, main reasons:
1. India and Nigeria lockdown
2. Vietnam partially lockdown which have influence on processing capacities
3. IVC crop is expected to be 10-15% shorter vs last year
4. IVC Government still not willing to adjust min. farm price
5. RCN from Cambodia can’t come to Vietnam because the border has been closed
6. RCN from Africa will arrive in VN in July
7. During March, many factories stop producing due to losses when prices continually go down
8. It makes the RCN market in local CN raise up
Due to the shortage of Raw cashew nut (in short term), the Vietnam Raw cashew nut price is increasing day by day ==>the Cashew Kernel increased
However, We-Fomexco JSC always try to offer you the best price, and surely in Vietnam we are confident to give you the best rate
The Market of Cashew kernel in Vietnam is fluctuating day by day. And if we can confirm early, you get advantages
Source: Fomexco JSC