PTV CNSL Vietnam Market Review Week 18+19/2018– Radical Vietnam Cashew Nut Shell Liquid News.
Week 18+19 from 30 April to 13 May 2018
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Cashew nut shell price, after the significant decline, had gained the recovery to 2070-2080 vnd / kg
The cashew nut residue remained stable around 1100 vnd/kg
Cashew Oil price fell slightly to 7600 vnd / kg then quickly rebounded to 7700-7800 vnd / kg, supported by the recent increase of US crude oil as some said. Besides, the availability of cashew oil were still at low level.
The CNSL export price was recorded at 443 CIF Busan. However, CNSL Buyers kept waiting to collect at the lower price of CNSL.
In the first four months of 2018, Vietnam imported 264,876 tons Raw Cashew Nut against 276,674 tons in the same period last year, exported 106,888 tons of cashew kernel against 84,188 tons the same period in 2017. Cashew kernel price dropped quickly and many kernel factories worried for the further decline of kernel price. Some RCN shipments from African were informed to be delayed.