PTV CNSL Vietnam Market Review – Radical Vietnam Cashew Nut Shell Liquid News.
Week 09 from 26 February to 04 March 2018
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After long Lunar New Year Holiday, the cashew oil price slid down to 7400 vnd/kg and then bounced back to 7600 vnd/kg. Extracting factories were not in full capacity due to lack of workers which was considered as the reason for such increase in oil. The CNSL market was heating with many inquiries from India market besides traditional customers from China, Korea… The CNSL price was at $460 CIF Busan.
Vietnam cashew season has started. The shell supply is stable. Thanks to abundant capital, shell extracting factories still collected nut shell to store and fulfill the signed contracts despite of the labor shortage. Therefore, Cashew nut shell price increased from 2600 vnd/kg to 2650 vnd/kg.
It is expected that cashew nut output in Vietnam and Cambodia for the 2018 cashew season will increase more than 2017 thanks to good weather conditions. At the moment, due to the imbalance between Raw Cashew Nut and kernel prices, cashew kernel producers are not ready to buy raw materials.