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.
Workers at a cashew nut processing plants in Vietnam. (Photo: VNA)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.
During the six-month period, Russia imported 4,870 tonnes of
cashew nuts worth over 27 million USD from Vietnam, up 72 percent in volume and
29.2 percent in value compared to the same period in 2020.
Russia also increased its cashew imports from Belarus, but
sharply reduced its imports from other markets.
The Ministry of Industry and Trade’s Agency of Foreign Trade
attributed Vietnam maintaining of its position in the Russian cashew nut market
amid COVID-19 to stable supply sources and good quality.
For higher exports to the market in the near future, it recommended
the cashew sector ensure clean criteria and exporters build close and
long-term links with producers to create value chains and share
responsibilities and benefits.
The agency also highlighted the need for packaging improvement, building of high-capacity processing plants, and proactiveness in raw
cashew supply sources./.