CASHEW NUT MARKET – WEEK 34

*English Version

CASHEW MARKET WEEK 34 (17/08 – 22/08/2026)

Market sentiment remained cautious as demand in the US and EU has not clearly recovered after the summer holiday. Meanwhile, raw cashew supply from West Africa is gradually tightening.

1. OVERVIEW OF THE VIETNAMESE AND INTERNATIONAL MARKET

General trend

The global cashew kernel market continued to weaken during the past week. In Vietnam, W320 transactions were recorded at around USD 3.05–3.08/lb in small volumes. Larger grades such as W180 and W210 remained stable due to limited supply.

In the EU, imports of cashew kernels from Africa continued to increase strongly, but the overall import pace showed signs of slowing due to high inventories and rising import prices.

Vietnam Cashew Kernel Trading Prices (FOB)

Grade	FOB Price (USD/lb)
W180	4.30 – 4.60
W210	3.85 – 4.30
W240	3.50 – 3.60
W320	3.05 – 3.15
WS	2.60 – 2.75
LP	1.95 – 2.20

Supply and demand trends

• Demand for medium-sized kernels such as W240 and W320 remained weak. Buyers requested an additional discount of 5–10 cents/lb, but sellers did not accept because the price was not balanced against current raw cashew prices.
• Demand for WS and LP remained low.
• Larger grades such as W180 and W210 remained stable due to limited supply.
• The market may improve when Western customers return after the summer holiday.

2. RAW CASHEW NUT (RCN) MARKET

RCN prices edged lower, but trading remained limited

The raw cashew market declined slightly from the previous week. Some small transactions were recorded for Cote d’Ivoire origin at 44/170 outturn at around USD 1,430/ton CNF Ho Chi Minh City. However, trading volume remained low.

Reference RCN Prices – CNF Vietnam

Origin	Outturn	CNF Price (USD/ton)
Ghana	46/190	1,520
Cote d’Ivoire	43/180	1,430
Cote d’Ivoire	43/170	1,430
Ogbomosho (Nigeria)	45/185	1,465
Kogi (Nigeria)	47/185	1,485
Cote d’Ivoire	48/180	1,580

Supply from Cote d’Ivoire remained relatively large. During April–July 2026, the country exported 444,683 tons of RCN, of which 367,983 tons went to Vietnam and 76,700 tons to India.

Tanzania is entering an important flowering and fruit-setting period. Current dry weather conditions are favorable, but weather conditions over the next few weeks will have a significant impact on the new crop yield.

3. VIETNAM CASHEW IMPORTS AND EXPORTS

Cashew kernel exports

In the first half of August 2026, Vietnam exported 30,308 tons of cashew kernels, down 8.34% year-on-year. Export value reached USD 217.4 million, down 3.85%.

Cumulatively from the beginning of the year to mid-August 2026, exports reached 442,341 tons, slightly lower than the same period in 2025.

Raw cashew imports

In the first half of August 2026, Vietnam imported 94,652 tons of raw cashews worth USD 148.8 million, down 33% in volume from 141,276 tons in the same period last year.

From the beginning of the year to mid-August, imports totaled more than 2.06 million tons, up 7.43% year-on-year from 2.03 million tons.

4. SHORT-TERM OUTLOOK

The global cashew market remains in a low-liquidity state as buyers in the US and Europe have not fully returned to the market after the summer holiday.

Raw cashew supply from Cote d’Ivoire and West Africa is gradually tightening after the peak harvest period, while processors have actively purchased large volumes of raw material. This will continue to support raw cashew prices and limit the potential for a sharp decline in kernel prices.

Market activity is expected to improve from September as demand from major consuming markets recovers.

Source: Compiled from multiple sources

Disclaimer: This bulletin is provided for reference purposes only and does not constitute investment advice or trading advice. The figures, assessments and forecasts are compiled from sources considered reliable at the time of publication; however, no absolute guarantee is made regarding their accuracy, completeness or timeliness. The publisher assumes no responsibility for any loss arising from the use of the information in this bulletin. Readers should carefully consider the information and consult experts before making decisions.

*Chinese Version

腰果市场第34周（2026年8月17日–8月22日）

市场情绪继续保持谨慎，美国和欧盟的需求在暑期假期后尚未出现明显恢复。与此同时，西非生腰果供应正逐步收紧。

1. 越南及国际市场概况

总体趋势

过去一周，全球腰果仁市场继续走弱。在越南，W320小批量交易价格约为3.05–3.08美元/磅。W180和W210等大规格产品由于供应有限，价格仍保持稳定。

在欧盟，从非洲进口的腰果仁数量继续大幅增加，但由于库存较高以及进口价格上涨，整体进口速度已出现放缓迹象。

越南腰果仁FOB交易价格

规格	FOB价格（美元/磅）
W180	4.30 – 4.60
W210	3.85 – 4.30
W240	3.50 – 3.60
W320	3.05 – 3.15
WS	2.60 – 2.75
LP	1.95 – 2.20

供需趋势

• W240和W320等中等规格腰果仁的需求继续疲软，买方要求每磅进一步降价5–10美分，但卖方因无法与当前生腰果价格保持合理的成本平衡而不接受。
• WS和LP的需求仍处于低位。
• W180和W210等大规格腰果仁由于供应有限，需求仍保持稳定。
• 随着西方客户在暑期假期后重新回到市场，市场状况可能得到改善。

2. 生腰果（RCN）市场

RCN价格小幅下降，但交易仍然有限

生腰果市场较上周小幅下降。部分科特迪瓦44/170出成率的货物录得小批量交易，价格约为1,430美元/吨，CNF胡志明市。然而，整体交易量仍然较低。

越南CNF生腰果参考价格

产地	出成率	CNF价格（美元/吨）
加纳	46/190	1,520
科特迪瓦	43/180	1,430
科特迪瓦	43/170	1,430
奥贡博绍（尼日利亚）	45/185	1,465
科吉（尼日利亚）	47/185	1,485
科特迪瓦	48/180	1,580

科特迪瓦的生腰果供应仍然较为充足。2026年4月至7月期间，该国出口生腰果444,683吨，其中367,983吨出口至越南，76,700吨出口至印度。

坦桑尼亚正进入重要的开花和坐果期。目前干燥的天气条件较为有利，但未来几周的天气状况将对新季产量产生重大影响。

3. 越南腰果进出口

腰果仁出口

2026年8月上半月，越南出口腰果仁30,308吨，同比下降8.34%。出口额达到2.174亿美元，同比下降3.85%。

截至2026年8月中旬，今年年初以来累计出口量达到442,341吨，较2025年同期略有下降。

生腰果进口

2026年8月上半月，越南进口生腰果94,652吨，进口额为1.488亿美元，进口量较去年同期的141,276吨下降33%。

截至8月中旬，今年年初以来累计进口量超过206万吨，同比增加7.43%，高于去年同期的203万吨。

4. 短期展望

由于美国和欧洲买家在暑期假期后尚未完全回归市场，全球腰果市场仍处于流动性较低的状态。

科特迪瓦及西非的生腰果供应在收获高峰期后正逐步收紧，而加工商已积极采购大量原料。这将继续对生腰果价格形成支撑，并限制腰果仁价格大幅下跌的空间。

随着主要消费市场的需求恢复，市场预计从9月份开始交易活动将有所改善。

来源：综合整理

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