PTV CNSL Vietnam Market Review Week 24/2018– Radical Vietnam Cashew Nut Shell Liquid News.
Week 24 from 11 to 17 June 2018
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Shell supply was still at low level because many cashew kernel factories continued closing their production. However, following with the slide of cashew oil price, the cashew shell nut price also drifted to 2300 vnd/kg and restored to 2350 vnd/kg by weekend.
On contrary, the shell residue kept rapid increasing to 1350 vnd/kg.
Affected by boring CNSL market along with the few domestic demand, the cashew oil price fell sharply to 7000 vnd/kg and even to 6800 vnd/kg during the week. However, the cashew oil supply as recorded was at limited quantity.
The Vietnam Cashew Nut Shell Liquid (CNSL) market kept quiet. No exporting CNSL price has been recorded.
Cashew kernel WW320 price was recorded at such a very low price of $4.10 FOB HCMC (in comparison with RCN price) which made the huge loss for cashew kernel factories.