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Raw cashew nuts are an important commodity in the global market, with a significant demand in the food and snack industry. The top producers of raw cashew nuts include Ivory Coast, Nigeria, India, Vietnam, and Brazil. These countries account for over 70% of the world's production of raw cashew nuts.
India is the world's largest processor and exporter of raw cashew nuts, with the industry concentrated in the states of Maharashtra, Goa, and Kerala. The country produces about 800,000 metric tons of raw cashew nuts annually and exports around 650,000 metric tons. Vietnam is the world's largest exporter of raw cashew nuts, exporting around 400,000 metric tons annually.
In terms of importing, the major markets for raw cashew nuts are Vietnam, India, and Brazil. These countries import raw cashew nuts from West African countries such as Ivory Coast, Nigeria, and Ghana. The demand for raw cashew nuts in these countries is driven by the growing demand for snack products, particularly in the form of cashew nuts.
The raw cashew nut market has been characterized by fluctuations in prices over the years. The prices are influenced by several factors, including supply and demand, weather patterns, and exchange rates. The price of raw cashew nuts can also be affected by the level of processing and quality of the nuts.
In recent years, there has been a growing trend towards sustainable and ethical sourcing of raw cashew nuts, with many companies in the industry focusing on responsible sourcing practices. This has led to the establishment of certification programs such as Fairtrade and Rainforest Alliance, which aim to ensure that farmers receive fair prices and decent working conditions.
Overall, the raw cashew nut market is an important component of the global food industry, with significant production, export, and import activity. The market is expected to continue growing, driven by the increasing demand for healthy snack products and sustainable sourcing practices.
Here is a list of current raw cashew nut prices per kilo and per ton in the world for various continents and countries:
Africa
Ivory Coast: $2.00 - $2.50 per kilo; $2,000 - $2,500 per ton
Ghana: $2.10 - $2.50 per kilo; $2,100 - $2,500 per ton
Nigeria: $1.80 - $2.20 per kilo; $1,800 - $2,200 per ton
Benin: $2.00 - $2.50 per kilo; $2,000 - $2,500 per ton
Asia
India: $2.50 - $3.00 per kilo; $2,500 - $3,000 per ton
Vietnam: $2.50 - $3.00 per kilo; $2,500 - $3,000 per ton
Cambodia: $2.80 - $3.20 per kilo; $2,800 - $3,200 per ton
South America
Brazil: $1.50 - $2.00 per kilo; $1,500 - $2,000 per ton
North America
USA: $2.50 - $3.00 per kilo; $2,500 - $3,000 per ton
Europe
Portugal: $2.50 - $3.00 per kilo; $2,500 - $3,000 per ton
It is important to note that these prices are subject to change due to market fluctuations, supply and demand, and other factors. Additionally, prices may vary depending on the quality of the cashew nuts and the specific region or supplier.
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