VN cashew export value up 15.42% in Q1

08:52 | 08/04/2015

VGP – Viet Nam exported nearly 60.000 tons of cashew worth US$409.18 million in the first quarter of this year.

Illustration photo

Chairman of the Viet Nam Cashew Association Nguyen Duc Thanh said this represented an increase of 32.4% in volume and 15.42% in value.

The average export price reached $7,066 per ton, and major importers included the U.S., China, Singapore, Canada and Australia.

Global demand is expected to remain high, especially in the U.S. and Middle East markets, the industry has set a target of $2.5 billion for cashew exports this year, from last year ‘s  US$2 billion./VNA./.