WW320 & Broken Grade Trends Explained
1. Price Trends
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Whole Cashew Grades (WW320, WW240):
Prices dropped by ~2% (FOB Vietnam) this week due to weak buyer momentum and cautious restocking. -
Broken Grades (WS, LP):
Prices remain mostly stable, but there’s visible strain on supply—especially with tightening raw input availability in African and Asian sources.
2. Demand & Trade Dynamics
United States Market
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Demand has significantly weakened, mainly due to tariff-related uncertainty:
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A proposed 20% tariff on Vietnamese cashew exports to the U.S. is under review, with confirmation expected by August 1, 2025.
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US imports of Vietnamese cashews are down 24% year-on-year (early 2025).
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Retailers are favoring short-term contracts, keeping Q4 demand largely uncovered—potentially setting the stage for volatility later in the year.
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European Market
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Steady but selective:
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Broken-grade cashews are in demand for immediate use, especially by supermarket chains.
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Whole-grade prices are following Vietnam’s slight downtrend, but European buyers are slowly beginning to replenish stocks.
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3. Price Outlook – Q3 2025
Short-Term (August–September)
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Expect prices to stay soft to moderately weak.
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Buyer hesitation and unclear tariff scenarios will weigh on volumes.
Long-Term (Q4 and beyond)
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If the 20% US tariff is finalized:
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Vietnamese exporters may pivot towards the EU, Middle East, and emerging Asian markets.
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This will likely reshape supply chains and trigger price realignments, especially in the broken/processed segment.
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