Cashew Nut Market Update January 2022
At present the Cashew market remains quiet and unchanged due to premium prices being offered by growers. Prices are expected to reduce in the coming months in anticipation of an influx of new crop coming into the market.
Alternative origins to Vietnam and Cambodia are available at lower a lower price, however we have seen as well as many others, a preference to Vietnamese origin.
The Ivory Coast to Vietnam are currently preparing their impending crop however pricing is highly unlikely to be set until mid-February. Negotiation Is highly expected in attempt to bring pricing down, with Vietnamese packers also looking to increase sales volumes ahead of time to prepare for the influx of new crop arriving in the coming months.