PTV CNSL Vietnam Market Review.
Week 47 from 20 to 26 November 2017.
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Vietnam CNSL Market seems to be quiet during the week 47. The exporting CNSL price was still stable while the local crude oil (extracting oil) price had a slight increase due to the competition in collecting extracting oil by CNSL exporters.
The cashew nut shell price was unchanged but the residue price kept on increasing, especially by the end of the week. The gain in residue price compensated for the loss of the extracting producers when the shell nut price kept at high level.
The cashew kernel market was stable at WW320 $4.65 FOB HCMC. Overall trading activity in cashew kernel market may slow down in the coming weeks on the eve of Christmas and New Year celebration. It seems the cashew shell supply will be short when many kernel producers close their door.