Viet Nam’s cashew nut exports fall slightly
|Viet Nam earns 241 million USD from exporting 40,000 tonnes of cashew nuts in March. (Photo: VNA)|
In March alone, the sector pocketed 241 million USD from exporting 40,000 tonnes of the nut, year-on-year decreases of 11 percent in volume and 9 percent in value.
The Vietnam Cashew Association attributed the declines to the reduction in import of the country’s major markets such as the Netherlands, Canada, China, Italy and Russia.
In addition, a suspected cashew nut scam involving the loss of the bills of lading of containers exported to Europe from mid-March also affected the total volume and value in the first quarter.