Vietnam expects to export US$500m-worth of cashew nuts this year, according to nhandan.com.vn
Over 200 cashew processing plants are poised to process 550,000 tonnes of cashews, of which 120,000 tonnes will be exported worldwide, the site said.
National cashew acreage now exceeds 420,000ha.
Based on the current price of cashew nuts for export being put at around US$4 per tonne and price of offering material cashew on the international market, the buying price determined by the cashew nut processing businesses is around US$600 a tonne of material cashew (equal to VND 10,000 a kilogram) on average, nhandan.com.vn said
