Cashew Prices Are About to Go Nuts, says Bloomberg
According to an article on Bloomberg, the world’s sales for cashew nuts are growing faster than any other nut, even as the production in some regions slows.
“The global popularity of the kidney-shaped nut has been growing faster than any other tree nut — even almonds. Demand jumped 53 percent since 2010 and outpaced production in at least four of the past seven years, industry data show. Now the worst drought in a century for Vietnam, the largest exporter, is raising concern that supplies will be even tighter in a market valued at $5.2 billion.”