China Vegetable Oil insights

Indian Cashew Enterprises Forced to Halt Production India, a major cashew consumption country with 31% of global consumption, is facing challenges as processing companies in Andhra Pradesh are compelled to collectively suspend production for two weeks due to low cashew kernel prices and weak domestic demand, leaving many workers unpaid. Recently, domestic cashew kernel prices have plummeted by 70 rupees per kilogram, severely impacting local processors. In stark contrast, Indian cashew export prices have continuously risen since February, with W320 grade cashew kernels reaching a three-year high for the same period. Vietnamese Cashew Exports to US Drop 20%, Surge Over 40% to China Vietnamese processors remain caught in the uncertainty of US tariff policies. Currently, Vietnamese products face a 46% import tariff, but recent Bloomberg reports about an imminent trade delegation agreement potentially reducing tariffs to 20-25% have stirred market excitement. These policy fluctuations have significantly impacted Vietnamese exports to the US—customs data shows May cashew exports to the US declined 10% year-on-year to 17,360 tons, while export value paradoxically increased 15% to $117.6 million. In the first five months of 2025, Vietnamese cashew exports to the US plummeted 22% to 59,750 tons, but total export value remained essentially unchanged at $406.9 million. China has replaced the US as Vietnam's largest cashew export market. In May, exports to China surged 44% year-on-year to 24,620 tons, with export value skyrocketing 67% to $156.4 million. From January to May 2025, Vietnam's cumulative cashew exports to China reached 65,970 tons, valued at $414.5 million, representing a 22% increase in export volume and a 41% increase in export value. In the first five months of 2025, Vietnam's total cashew exports were 276,760 tons, valued at $1.9 billion. While export volume decreased 5% year-on-year, export value paradoxically grew 19%. Beyond the US and Chinese markets, the Netherlands, UAE, and Germany are also important export destinations, with exports to the UAE showing significant growth while exports to the Netherlands face considerable

Against the backdrop of high U.S. import tariffs on Vietnam, the cashew trade flow is accelerating its shift towards China. Meanwhile, European market demand for Vietnamese cashews has returned to normal. Indian cashew enterprises forced to halt production India, a major cashew consumer accounting for 31% of global consumption, has seen processing companies in Andhra Pradesh collectively suspend operations for two weeks, according to The Times of India. This is due to low cashew kernel prices and weak domestic demand, leaving many workers unpaid. Domestic cashew kernel prices have plummeted by 70 rupees per kilogram, severely impacting local processors. In contrast, Indian cashew export prices have continuously risen since February, with W320 kernel quotations reaching a three-year high for the same period. Vietnamese cashew exports to the U.S. drop 20%, surge over 40% to China Vietnamese processors remain caught in the uncertainty of U.S. tariff policies. Currently facing a 46% import tariff, recent Bloomberg reports of an imminent trade agreement potentially reducing tariffs to 20-25% have stirred market excitement. These policy fluctuations have significantly impacted exports—customs data shows May cashew exports to the U.S. declined 10% year-on-year to 17,360 tons, while export value paradoxically increased 15% to $117.6 million. In the first five months of 2025, total U.S. cashew exports plunged 22% to 59,750 tons, but total export value remained essentially unchanged at $406.9 million. China has replaced the U.S. as Vietnam's largest cashew export market. In May, exports to China surged 44% year-on-year to 24,620 tons, with export value skyrocketing 67% to $156.4 million. From January to May 2025, cumulative cashew exports to China reached 65,970 tons, valued at $414.5 million—a 22% increase in volume and 41% increase in value. In the first five months of 2025, Vietnam's total cashew exports were 276,760 tons, valued at $1.9 billion. While export volume declined 5% year-on-year, total export value paradoxically grew 19

Recently, the General Administration of Customs published a notice on its official website regarding inspection and quarantine requirements for Zambian macadamia nuts imported to China, allowing macadamia nuts that meet the requirements to be imported. The allowed imported Zambian macadamia nuts refer to macadamia nuts (Macadamia integrifolia) grown within Zambia, processed through drying, selection, and other processing techniques in Zambia, and intended for human consumption, either in-shell or shelled. The notice requires that Zambian macadamia nuts imported to China must not carry quarantine pests of concern to China, such as the apple ermine moth, Cryptolestes ferrugineus, Cryptolestes pusillus, and Oryzaephilus surinamensis; must not contain live insects, insect eggs, or soil, and must not be mixed with weed seeds, plant debris, metal foreign objects, or gravel. On March 31, China and Zambia signed an agreement for importing macadamia nuts. This agreement was an important outcome of the China-Africa Cooperation Forum held in Beijing last September, when China announced a commitment to provide zero-tariff treatment for 100% of tariff items from all least developed countries with diplomatic relations, including Zambia. Although Zambia's macadamia nut industry is small in scale, it is developing rapidly, with most production coming from large commercial farms. Zambian macadamia nuts are primarily exported, with export volumes near zero 10 years ago, reaching over 1,900 tons of in-shell nuts in 2023, with that year's total production around 2,000 tons. Based on export growth trends and Zambia's macadamia seedling imports, production is expected to grow at an even higher rate in the next five years. Production may reach 6,000-7,000 tons by 2028 and approach 10,000 tons by 2030.