1.9 news from Vinacas
According to statistic:
1- Cashew kernel: In the first 8 months of this year VN has exported 107,597MT cashew of various kinds with the value of 857,174,416USD. The main markets are United States, China, Netherlands, Australia, United Kingdom …
It is said that the market is rather quiet in quarter IV and the price is decreased not too much and the market will be better in quarter I of 2012
2- The raw nuts are enough for processing to the end of this year; but there will be short for the 1st quarter of 2012.
The situation of raw nut imported: The Raw nut imported from Africa in September is estimated 30,000-40,000T.After that, the processors will stop importing because they need money to pay the bank and the price of raw nut is rather high: The price of raw nut from Indonesia is asked at 1,950USD and the quality is bad with the out turn is only 41-42lbs/80kgs from Nigeria, IVC. There is estimated 200,000T shortage for the 1st quarter of 2012