PTV CNSL Vietnam Market Review – Radical Vietnam Cashew Nut Shell Liquid News.
Week 13 from 26 March to 01 April 2018
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Vietnam Cashew Nut Shell Liquid (CNSL) Market was stable at $ 440/MT CIF Busan. Cashew Oil price locally rose to 7700 VND/kg. The whole industry was operating at full capacity.
The nut shell price bounced back to 2420 VND/kg at the beginning of the week after falling to 2400 VND/kg in the previous week. This price recovery was made thanks to the re-balancing of supply and demand in the nut shell market. Another reason for such nut shell price correction was that cashew kernel producers were concentrating on collecting raw materials and were halting production due to the low kernel price.
The pull back in nut shell price had slowed down the decrease in the residue price. Therefore, the residue price just fell slightly to 1170 VND / kg.