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  • Dong Nai: The price of crude rose sharply

    Sep 21st, 2016

    According to dealers in Dong Nai, dry conditions purchase price at this point is 49000-50000 / kg, an increase of nearly 10,000 VND / kg compared to the end of June 8. This is the highest level for many years.

    Cause rising prices of raw cashew nuts is so scarce domestic supplies while export demand increased. Despite high prices, but volumes acquired businesses in the country are few and mainly to import of raw material to production, to meet the orders from the country. According to the Vietnam Cashew Association, in the first 8 months of the year, the country imported 725,000 tons of raw cashew nuts worth more than $ 840 million, an increase of 3.7% over the same period in 2015.

    Also in the past 8 months, Vietnam exported 225,000 tons of cashew, grossed US $ 1.76 billion, up 5% in volume over the same period of 2015. Particularly, Dong Nai, cashew exports in the past 8 months more than 25,000 tons, down 1,000 tons compared to the same period last year. The goal of Vietnam's cashew industry exported about 350,000 tons of cashew nuts about 2.5 billion, or equal to the record level of 2015.

    Source: Dong Nai Labor