PTV CNSL Vietnam Market Review – Radical Vietnam Cashew Nut Shell Liquid News.
Week 03 from 15 to 21 January 2018
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The Vietnam Cashew Nut Shell Liquid (CNSL) price slided after the big drop in cashew nut shell price. The nut shell price fell off from the pick at 3050 vnd/kg to 2780 vnd/kg. However, the quantity of nut shell collected is still small.
The requirement for money to spend in the end of Lunar New Year and the low demand for CNSL are supposed to make the nut shell price down. Taking the chance when the kernel price slightly increased, kernel processors continued production to pay off all costs of salary, debts, bank loans… Besides, the local demand for CNSL is slow down when the Chinese Cardanol Producers are back to their homeland for Lunar New Year Holiday. But, be alert about the small quantity of nut shell lasted from weeks ago. Most of the small and medium kernel factories are still closing their production due to the high price and tight supply of raw cashew nut. They tend to wait for the new crop with a better price for material.
Up to now, the weather is still in good condition for the growth of cashew trees in Vietnam and Africa countries. We do hope for a good crop in 2018.