Tan Long Cashew - Week 39.2020 Report

 This week, the market seem to be as active as last one.

1. Raw cashew nuts

- Good demand is there for Africa imported material. The market is showing signs of scarcity, RCN in Africa Origin seems to be out of stock, there are still some in Guinea Bissau, Senegal.

- This week RCN Bissau origin for 53lbs outturn is being traded at US$ 1450 / MT CFR.

- Although the Tanzanian crop will not open their tender early October, there have been some transactions of 52lbs outturn at US$ 1550 / MT CFR.

- In Vietnam, price of RCN at bonded warehouse continue to remain firm. Price is rapidly increasing due to the good domestic demand. Even some orders from India are being shipped to Vietnam because of the huge production capacity and demand from Vietnam.


2. Cashew kernels:

- Although the purchasing capacity from Europe is not large, in other markets such as the US, the Middle East, and Asia (such as Japan, China), the demand is active.

- Especially the Chinese market, demand has increased sharply, some customers has accepted high prices for spot orders.


For business and cashew purchasing, please contact me at:

Email: phuctk@tanlonggroup.com

WhatsApp/ LINE/ Viber: +84 98 121 7643

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