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Cashew Export Brings in US$107Mln in First Quarter
07 | 08 | 2007
Vietnam has shipped around 29,000 tons of cashew nuts abroad in the first quarter of 2007, notching up $107 million and marking on year rises of 6.1 per cent in volume and 10.6 per cent in value, according to the General Statistics Office.
The country is expected to increase cashew export revenue to US$700 million this year, up from US$520 million in 2006, on rising world market cashew prices.
 
But early in the season purchasing prices for cashew in southern Binh Phuoc province, Vietnam’s largest cashew growing area, dropped to VND8,500 per kilo from VND11,000 per kilo.
 
Meanwhile, in Lam Dong prices were at VND9,200 per kilo, down by over VND4,000 per kilo from last year.
 
Vietnam Cashew Association said cashew nut purchase prices dropped with cashew export prices. At present, Vietnam cashew nuts exported to Canada brought $4,410 per ton, FOB; cashew nut grade DCB exporting to the US priced $5,556.25 per ton, FOB.
 
Processed cashew nut grade TPN3 and SS2 exported to China were offered at $1,450 and $1,800 per ton, respectively.
 
Among the importers, the US has been the biggest consumer of Vietnamese cashew nuts during the first quarter of this year, followed by Canada, Singapore, Hong Kong and Taiwan


(GSO Mar Edition, www.vinanet.com.vn)
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