Business

Vietnamese cashew nuts increase market’s share in Russia

The share of Vietnamese cashew nuts in Russia’s import of the product during the first half of 2021 reached 57.68 percent, increasing 7.4 percent year on year, according to statistics from the Federal Customs Service of Russia.
Vietnamese cashew nuts increase market’s share in Russia ảnh 1Workers at a cashew nut processing plants in Vietnam. (Photo: VNA)
Hanoi (VNA) – The share of Vietnamese cashewnuts in Russia’s import of the product during the first half of 2021 reached 57.68percent, increasing 7.4 percent year on year, according to statistics from the FederalCustoms Service of Russia.

During the six-month period, Russia imported 4,870 tonnes ofcashew nuts worth over 27 million USD from Vietnam, up 72 percent in volume and29.2 percent in value compared to the same period in 2020.

Russia also increased its cashew imports from Belarus, butsharply reduced its imports from other markets.

The Ministry of Industry and Trade’s Agency of Foreign Tradeattributed Vietnam maintaining of its position in the Russian cashew nut marketamid COVID-19 to stable supply sources and good quality.

For higher exports to the market in the near future, it recommendedthe cashew sector ensure clean criteria and exporters build close andlong-term links with producers to create value chains and shareresponsibilities and benefits.

The agency also highlighted the need for packaging improvement, building of high-capacity processing plants, and proactiveness in rawcashew supply sources./.
VNA
#Vietnamese cashew nuts #Russia #Federal Customs Service of Russia #cashew imports #raw cashew #vietnamplus #vietnam news agency Russia
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