HA NOI (VNS)— Cashew exports will pick up in the remaining months of this year, the Viet Nam Cashew Association has forecast.
The association cited increasing prices of exported cashew nuts in recent months as strong evidence of an imminent upturn.
The export price of cashews, which averaged less than US$6,300 per tonne in the first two quarters, had risen to $7,600 per tonne by early August.
Over the past eight months, Viet Nam has exported 168,000 tonnes of cashew nuts, earning US$1.07 billion, 18 per cent higher in volume and 10 per cent up in value over the same period last year. .— VNS