CASHEW NUT PRICES FELL SHARPLY AS TRADERS LOWERED PRICES ( DOMESTIC MARKET)

– With the crop failure, the disease makes the nuts are deep, small seeds. Many traders have taken advantage of this opportunity to squeeze farmers’ prices, leading to a dramatic fall in prices.

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– Compared with the beginning of the season, cashew prices always fluctuate at the threshold of 48,000 VND / kg – 50,000 VND / kg, at this time prices fell sharply. When the price of cashew is on hand, the cashew price is only 37,000 VND / kg – 39,000 VND / kg.
– This year, the yield of cashew harvest was low due to crop failure, making the farmers do not pay much attention to the quality of cashew, but the quantity. The amount of bad seeds, many impurities still collected by farmers and tea. This is also the reason that traders use excuse that pressure farmers.

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