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July market information

A-     Raw seed
*Local price: from the information of MARD:
Dry raw seeds at 40,000VND/kg from Binh Phuoc; 40,000VND/kg from Daknong and 39,500VND/kg from Gia Lai
July import Statistic: in July / 2011Vietnam imported more than 82,200T equal 112% volume of June /2010. The main sources are Ghana, Nigeria and Ivory Coast. The total of raw cashew seed is over 202,000T for 7 months equal 44.8% of the plan for whole year 2011(450,000T)
*.International:
- Indonesia: according to World Trade info. In 1st quarter/2011, Indonesia exported 8,037T raw seeds with the value of USD 11,8milion including exporting to VN 7,264T (90.4% of the whole volume) with the value of USD 10.9milion
- Guinea Bissau plans to export more than 160,000T: up to now GB has exported 118,000T

 

B- Cashew kernels and cashew sub-productions:
*Vietnam:
Cashew kernel offering prices for Chinese market:

Items
Offering price (USD/kg FOB HCM)
W320
9.8- 10
W450
9.6-9.7
SW/LBW
9.6-9.7
DW
9.3-9.4
DWT
8.95-9.05
DW2
8.6-8.7
TPNV
7.1-7.3
CS
8.95-9.5
SK1/TPN1
8.2-8.3
SK2/TPN2
7.2-7.3

 
Cashew kernel offering prices for American, European and Australia markets:

Items
Offering price (USD/LB FOB HCM)
W240
4.85-4.95
W320
4.45-4.65
W450
4.35-4.45
WS
4.3-4.4
LBW
4.3-4.5
WS/WB
3.95-4.15
SB/SS
3.2-3.3
LWP
3.9-4.05

 
C-      CNSL : 12,000VND/l and cashew shell :2,900VND/kg
July export statistic:
A- VIETNAM
- In July Vietnam has exported more than 14,200T cashew kernels for all grades, thus exported for 7 months 83,300T equal to 55% of the whole year (plan 150,000T) with 30% to US and 20% to China. Compare to last week the current price on August 1st of Vietnam cashew kernels is rather stable for Chinese, US, EU and Australia.
-in the 1st half of 2011(source VINACAS’ inf.): Vietnam has imported 120,731.59T raw seeds with 32.7% from Ghana, 29.97% from Nigeria, 13.6% from IVC, and exported 69,054T cashew kernels with export turnover of 528,281.228USD for 27.9% to US and 23.9% to Chinese.
Top 10 Vietnamese big exporters are: Pygemaco, Olam VN, Rals, Intimex, Long Son JSC, Thao Nguyen, Hòang Son 1, Donafoods, Lafooco and Intimex Tay Ninh
A-     India: Compare to last week, the offering price of India for oversea is stable and local price is a little increased
B-      Netherland: Netherland is one of big cashew kernel importers in the world and is one big supplier in EU. Based on World Trade Info: in the first 4 months of 2011, Netherland has exported 8,273T cashew kernels of various kinds with the turnover more than 50mil USD, decreased 19.54% in quantity but increased 7.39% in value compare to the same period of last year. The main markets are: 4,320T to Germany, 985T to France, 732T to Belgium, 629T to England…
C-      Current market situation: the market is rather quiet in US, EU and China.
Other news:
According to Mof.gov.cn:  from August 25/2011, the tax level for raw seed imported is 3%. The Finance Ministry has just issued the circular no 102/2011/TT-BTC dated July 11/2011 related to adjust the preferential import tax for raw cashew nut. According to this, from August 25/2011, the import tax is reduced from 5% to 3%


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