According to industrial data, the growth
rate of cashew consumption market has exceeded any other nuts. The demand has
increased 53% since 2010.
As estimated by a grower association,
the cashew nut output in Vietnam dropped 11%. The domestic price had risen to
the third new high in history. The market price of cashew nut will keep
increasing till next harvest season in the beginning of next year.
Cashew
nut plantation area needs large amount rainwater and warm weather throughout
the year, like the southeast of Vietnam. However, in the past year, an abnormal
drought period has made 2 million population left the country serious short in
water resources.