In the first 7 months of 2023 Cashew kernel exports from Vietnam were at 334,870 tons, worth more than $ 1.94 billion, up 13.3% in volume and 9.7% in valve from the corresponding period of previous year according to the data of Vietnam’s General Department of Customer. In July exports reached 54,675
tons worth more than $ 304.3 million, a drop of 7.5% in volume and 10.2% in value from June. Average export prices were at $ 5805 per ton, down 3% y/o/y. Exports projected to increase in the 3rd quarter of 2023 and currently many Vietnamese factories have signed many new contracts. According to the Reuters, global turnover of cashew reached $ 9.94 in 2018 and expected to reach $ 13.48 in 2024 with an average growth of 5.2% between 2018 and 2024.