PTV CNSL Vietnam Market Review Week 23/2018– Radical Vietnam Cashew Nut Shell Liquid News.
Week 23 from 04 to 10 June 2018
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The Vietnam Cashew Nut Shell Liquid (CNSL) market is quiet. No transaction was made and exporting CNSL price has not been recorded.
The cashew nut oil price crashed down to 7400 vnd during mid week and restored to 7430 vnd/kg by the end of the week due to weak demand locally.
The decrease in cashew oil price dragged the nut shell price down. However, It was just the slight down because of the fact that not much nut shell was available.
On contrary, the nut shell residue gained the rapid increase to 1250 vnd/kg. The demand was still more but its availability seemed to be rare too.
Cashew kernel price continued to fall which made many small and medium factories stop their units to avoid the big loss. The scenario of cashew kernel price is not the same with previous years. Normally, in the end of Vietnam cashew season, the demand for cashew kernel would be up and the price should be increase. This year, the cashew kernel price was seen a continuous decrease which pushed the cashew kernel factories halt their production or stop to avoid further loss. Therefore, cashew shell was not collected as plenty as previously at the same period.