★ In India, domestic demand for cashew kernels remained strong during the 2025–26 festive season. This led to a reduction in raw cashew nut (RCN) stocks and provided mild support to prices. Processing activity has remained stable, and Indian buyers are actively participating in African origins, especially Tanzanian auctions. Supported by steady domestic consumption, overall market sentiment in India remains positive.

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★ Vietnam set a new record in cashew exports in 2025, with total export value reaching around USD 5.23 billion. Strong demand from China, Europe and the Middle East drove this growth. To keep its large processing industry running, Vietnam also imported significant volumes of raw cashew nuts.

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★ China emerged for the first time as the largest buyer of Vietnamese cashews. Rising consumption in China has provided strong support to cashew kernel demand across the Asian region.

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★ In the United States, stocks had been kept low in recent months due to high tariffs. With counter-tariffs removed, U.S. buyers are returning to the market, contributing to an improvement in overall global demand.

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★ Cashew production in Tanzania for 2026 is expected to exceed 500,000 tons, significantly higher than last year. Buyers from India and other countries are closely watching Tanzanian auctions due to improved crop prospects.

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★ Mozambique is also expected to see an increase of around 15 percent in cashew production. This is likely to improve global availability of raw cashew nuts.

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★ Cashew imports into the European Union rose by 4.6 percent in 2025. Vietnam remained the largest supplier, while shipments from Côte d’Ivoire increased sharply. Higher average prices led to a notable rise in the overall import value.

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★ Côte d’Ivoire recorded strong growth in cashew supplies to the EU, emerging as an important supplier from the African region.

★ Overall, the global cashew market outlook for 2025–26 appears stronger than last year. Better African crops, solid demand from Asia, and improving buying interest from the United States and Europe are supporting a positive market environment, with India continuing to play a key role as a major consumption and processing hub.