Cashew Market report, 02.11.2022

Date: 2nd November 2022 Category: Latest News
Cashew Market report, 02.11.2022

RCN demand and supply

- the price of RCN is stabilizing and not going down further

- there is still sufficient stock of RCN in Vietnam

- import figure shows that RCN import into Vietnam has dropped by almost 20% this year compared to last

CKN demand and supply

- China demand has come in strongly increasing prices of bigger size grades W180, W240

- 70% of Vietnamese packers have temporarily stopped processing due to a lack of demand from the USA, and Europe and due to a lack of parity with RCN prices

Bullish factor:

  • Demand inflow coupled with low processing can cause prices to rise in Vietnam


Bearish factors:

- after china’s demand, if there is no steady demand from Europe & USA, the continuous availability of RCN can pull the prices of kernels lower

- economic turbulence/recession,

- the ongoing bearish sentiment of European consumer

- strong USD