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🌰 Cashew Market Update 🌰 Curious about where the cashew market is headed? 🌍 Here’s the latest scoop: - By October 2024, Vietnam's cashew exports hit 650,400 tons and $3.83 billion, exceeding annual goals with strong growth. - High raw cashew costs and low availability of raw nuts raise concerns about sustaining processing until Vietnam new crop starts in mid-Mar 2025. 📈 Check out our full report to dive deeper into these insights! 📈 __________________________________ Let’s connect to discuss how we can support your procurement strategies. 📧 [email protected] 📧 [email protected] 📧 [email protected]
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The cashew market is heating up, with raw cashew nut prices soaring across major origins. What’s driving this surge? • 📉 Low end-season inventories putting pressure on supply • 🌎 Southern Hemisphere supply concerns struggling to meet demand Meanwhile, 📈 kernel prices are rising in response to higher raw material costs and intensified domestic procurement. 🌟 The market is buzzing with strong global demand, especially from Europe and the Middle East. 🥜 Weekly Cashew Market Snapshot 🥜 Here’s the lastest news from the cashew market this week: • The Vietnamese cashew market is holding firm, with steady prices since last week. 📈 Demand is back, but it’s not strong enough to crack a price rebound just yet. • Concerns over supply shortages are growing, and Vietnamese processors are being cautious, focusing on quick shipments to keep things moving. 🚚 Stay tuned for more updates as the market evolves! 😉 Key Highlight: 🔻 Supply Impact: Many small cashew households have shut down due to non-parity, potentially leading to a temporary shortage for the year-end season. 📈Demand: Western countries and the US have resumed demand post-summer, though transactions remain scarce. Meanwhile, the Middle East is showing strong interest as they aim to build up stock in preparation for the upcoming winter season 🎉 🌰Concerns: A drop in global raw cashew nut production has sparked concerns of a potential shortage in cashew kernels during Q4 2024. |
