Business

Cashew exports to fall on less output

Global cashew demand is expected to be stronger than last year, but Vietnam’s exports are likely to diminish due to lower output and stocks, according to the Vietnam Cashew Association (Vinacas).

In the first two months of the year, the country exported 33,000 tonnes worth 240 million USD, representing an increase of 60.7 percent in volume and 35.3 percent in value year-on-year, Vinacas Chairman Nguyen Duc Thanh said.