Pepper prices continuously set new peaks, it's forecasted that October exports will increase sharply. It can be said that pepper prices are increasing day by day. Normally, the price will adjust down a bit before going up again. However, this time there is only increase and increase.
This month, the cashew market is fundamentally different from February. Late crops and large demand cause the prices to go up. Shipments from West Africa remain an issue. Discover the latest figures from Vinacas, followed by our analysis of the crop development and the market. Finally, check out a few pictures of our colleagues’ trip to Ivory Coast.
Large exports of cashew kernels from Vietnam compared to last year, some information about the new crop that keeps developing well, and the latest market trends are included in this report. Like each month, we first present the import and export figures for January from Vinacas, after which we give you our vision of the production and the market.
A relatively quiet cashew market, a good looking crop and incredibly high shipping costs from Vietnam are the highlights of this new year’s cashew report. With the recently received import and export figures for December from Vinacas, this report gives a quick recap of the numbers compared to last year and our overview of the current market situation.
Prices are sliding as crop is coming closer after Christmas and New Year Holidays. More harvests have put more pressures onto the prices. The production areas has been expanded from 50,000 hectares (2013) to 150,000 hectare (2015) when the prices reached its historical top. With the recent crashes, it is expected that the production area could be decreased 26.7% towards 110,000 hectares. Market is...