Don't rush to buy raw cashews

Vietnam is set to have a record export year in 2024 with cashews, exporting a record 765,368 tons and generating over 4.6 billion USD in revenue, reinforcing its position as the world's leading cashew exporter for the 18th year in a row. The global cashew yield is anticipated to rise by 8-10% in 2025, leading to an increase in output by 15-20%. This forecast is supported by an increase in the planting area and a bumper cashew crop in Tanzania, despite challenges such as unseasonal rains. However, the price of cashew kernels on the world market from May onwards is unpredictable, and traders recommend caution and calculated buying to ensure production efficiency.

2024 is a successful export year for the Vietnamese cashew industry with a record volume of 765,368 tons of exported cashew nuts, and a record turnover of over 4.6 billion USD. Vietnam continues to affirm its position as the world's largest cashew exporter for 18 consecutive years. This is an important foundation for the Vietnamese cashew industry to enter the 2025 production season. According to the Vietnam Cashew Association (VINACAS), up to now, the cashew crop in Vietnam and other countries has been normal. The world's raw cashew output is forecast to increase due to the new planting area reaching the harvest period. Leading traders in the Binh Phuoc cashew industry (the largest cashew growing and processing province in Vietnam) also share the same opinion that this year's cashew output will increase. At the conference to update the crop situation, prices, market trends and agree on the purchasing plan for 2025 organized by Binh Phuoc Cashew Association, Mr. Vu Thai Son, ...