Vietnam tops world's cashew nut exports for 8 consecutive years

Vietnam exported 257,000 tons of cashew nuts in 2013, up 15.8 percent year-on-year, presenting the eighth consecutive year the country has topped the world's cashew nuts exports.

In 2013, Vietnam earned 1.63 billion U.S. dollars from selling cashew nuts to overseas markets, up 9.7 percent year-on-year, said a report by Vietnam's Ministry of Agriculture and Rural Development on Friday.

Together with exports of extra products from cashew nuts such as cashew nut shell oil, Vietnam's cashew export revenue in 2013 hit 2 billion U.S. dollars, said the report.

According to the ministry, major markets for Vietnam's cashew nuts include the United States, China and the Netherlands, accounting for 33.09, 17.72 and 9.66 percent of the country's total cashew nut export revenue in 2013 respectively.

Accomplishments of Vietnam's cashew nut export in 2013 were attributed for great efforts by Vietnamese processing and exporting companies, amid gloomy world economy and decreasing purchasing power in world market, assessed the report.

E-portal of Vietnamese government quoted Vietnam Cashew Association on Friday as saying that in 2014, the association set the target of maintaining cashew nuts export volume and increasing the product's export price to pocket some 2 billion U.S. dollars from shipping cashew nuts to world markets.

Source VINACAS