According to the latest forecast by the Vietnam Cashew Association (Vinacas) Vietnam’s raw cashew nut exports are on track to reach 270,000 tonnes and revenues of US$1.8 billion for 2014.
If processed cashew products are factored into the mix, gross export revenues may reach as high as US$2.2 billion, outpacing last year’s combined value of US$1.8 billion.
Vietnamese cashew products have been exported to 40 countries and territories. The US is the largest importer, accounting for 40% of the total value, closely followed by the EU (30%), China (20%) and Australia (11%).
Experts recently completed a study of cashew nuts in Vietnam, concluding the quality of Vietnamese cashew is improving and is better than nuts from other countries, according to Vinacas.
