Figures from Vietnam
Vietnam imported a total of 184,093 mt RCN in September, which is 19% more than last year during the same period. It brings the total imports for 2020 at 1,266,454 mt RCN, slightly less than last year (-1.63%).
On top of that, Vietnam imported 5,308 mt of raw cashew kernels with Testa and white kernels which makes the total for this year at 42,203 mt, the equivalent of 187,569 mt RCN.
Vietnam exported 53,099 mt of cashew kernels in September 2020. It is 26.70% more in comparison to September 2019. Since the beginning of the year, Vietnam exported 12.89% more than during the same period last year. A total of 375,505 mt of cashew kernels were exported.
To the USA, Vietnam shipped 14,604 mt in September, 14.05% more than last year.
During the period January-September 2020, the exports to the USA increased by 13.38% to 113,616 mt. That is a steady increase compared to last month.
Exports to China seem to be recovering with, for the first time, an increase in exports this month compared to the same period last year. 8,761 mt were exported in September. That is 38.25% more than last year. Since January 2020, 37,073 mt has been exported. That is 17.13% less than last year.
EU & Others
To the EU & others, Vietnam shipped 29,734 mt which was 30.60% higher than September 2019, but relatively similar to the quantity exported in August 2020. The total for the EU & others so far in 2020 is 224,816 mt meaning 19.79% higher than last year.
Similarly to last month, exports from Vietnam have been increasing compared to last year. The exports to China also increased marking a market recovery after the disruption created by Covid-19 and the measures taken to limit the virus’ spread.
In terms of production, it is now harvesting season for the crops in East Africa and Brazil. The Tanzania auction started on October 9th.
Recently, the Northern and Central areas of Vietnam have been experiencing heavy rains, flooding and strong winds because of the landing of several typhoons. So far, the cashew production is preserved from the damage caused by these climatic events, because it is located more on the Southern part of the country. Nevertheless, the typhoon season is not over before the end of October, early November. We hope that the cyclonic activity in the region will decrease to preserve the crops and hope for a good harvest. Another concern for this season in Vietnam is the presence of La Niña. The phenomenon can bring more rains to the region, even when the rainy season is supposed to have ended. However, cashew trees require sunlight and dry weather to blossom in December. If the rainy season is extended because of La Niña, the flowering of the trees could be delayed, and the harvest could be impacted negatively. Nevertheless, the consequences of the ENSO phenomenon are hard to predict, and we can still hope for an ordinary arrival of the dry season around December.
Our reports from West Africa suggest that the season is starting as per usual. A few months ago, cashew farmers were fearing that the rains would be insufficient for the trees to flourish properly and produce new sprouts, but recent rains in early September brought some relief. The trees received the correct amount of rainfall, and the orchards seem to be developing ordinarily in Ivory Coast and Benin.