Global Nuts Market Weekly Summary

• India's cashew market is under strain from two converging pressures: weak kernel demand and a rupee at a historic low against the U.S. dollar, which is elevating the cost of imported raw cashew nuts. Import prices from Tanzania stand at USD 1.91 per kilogram, while Mozambique supplies are priced between USD 1.60 and 1.62 per kilogram. International raw cashew nut offers remain elevated, exceeding USD 1,500 per metric ton. Some price relief emerged in early April following new shipments from Cote d'Ivoire, Burkina Faso, and Cambodia. February 2026 exports reached nearly 2,700 metric tons, with traders looking to demand signals from China and the Middle East to provide clearer direction on the market's near-term trajectory.
• Vietnam's cashew processing sector is contending with declining kernel quality despite easing prices. The persistent gap between high raw cashew nut input costs and lower processed kernel values is shaping buyer behavior, with roasters and processors gravitating toward premium grades (W3 and W240) even at higher bid levels. The subpar quality of early West African imports has further constrained high-grade kernel availability, keeping the market steady but cautious.
• Following market access for exporters from March 25, 2026, a tight procurement window resulted in local processors securing between 530,000 and 550,000 metric tons of raw cashew nuts. Harvests are progressing, though on-farm stockholding has diminished as farmers, facing urgent cash needs, are selling immediately after collection. Yields are below last year's levels. Wholesale prices are ranging between USD 0.72 and 0.75 per kilogram, with factory gate prices between USD 0.82 and 0.87 per kilogram, reflecting active competition among processors.
• The April influx of raw cashew nuts from West Africa and Cambodia initially pushed prices lower, but persistently high international raw material costs above USD 1,500 per metric ton have maintained an unfavorable spread between input costs and kernel values. Quality issues in Vietnam and weak kernel demand in India are reinforcing careful purchasing strategies across the supply chain. The market's next directional move will hinge largely on whether demand from China and the Middle East strengthens sufficiently to rebalance kernel pricing.

Global Nuts Market Weekly Summary

• This week's nuts market report covers two distinct developments: a regionally significant expansion in groundnut cultivation in Bangladesh, and a broadly stable but quietly shifting global almond trade picture.
• In Narsinghdi, Bangladesh, groundnut farming along the Meghna River is expanding meaningfully, driven by low input costs, minimal fertilizer and pesticide requirements, and attractive profit margins. Previously fallow char lands are being brought into productive use, with the Department of Agricultural Extension providing ongoing support for sustainable scaling and pest management. Beyond output, the sector is generating tangible community benefits, including seasonal employment in processing and sorting activities, with notable participation from women. Weather-related risk remains a consideration, but the overall trajectory is positive. The development is primarily regional in scope and does not materially affect national-level agricultural statistics.
• On the global almond market, the 2025/26 season is projecting modest output stability with a marginal overall increase. The United States, as the dominant producer, is reporting slight growth, while Australia is seeing a production decline. Turkey and China are posting stronger relative growth rates, though their absolute contribution to global supply remains limited. On the trade side, Spain's almond exports have declined, pointing to softening European demand. Whether this reflects a structural reduction in consumption or a shift in sourcing strategy away from European channels is not yet clear. U.S. shipment patterns to Europe will be a key indicator to monitor in the coming months. Broadly, the almond market is in a state of equilibrium, with modest trade flow adjustments underway rather than any significant supply or demand dislocation.

This episode explores a global nuts market.

• A key development comes from Bangladesh, where farmers in Sunamganj are expanding groundnut cultivation beyond initial targets because of stronger profitability and steady local demand. Groundnuts are gaining appeal as an alternative to crops like rice, largely because of lower input costs and better margins. Even so, the outlook remains dependent on favorable rainfall and improved advisory support from agricultural agencies, which are still limited.
• Cashews are another major focus, particularly in West Africa and Southeast Asia. In Togo, authorities are tightening sector rules by lowering the 2026 farm gate price and imposing an early-season moratorium to reduce speculation, stabilize the market, and strengthen the domestic value chain. In Ghana, industry advocates are calling for stronger policy enforcement, greater transparency, and more direct farmer involvement in decision-making to help the cashew economy deliver more sustainable regional benefits. Cambodia’s cashew sector, meanwhile, is becoming more closely integrated with Vietnam through improved varieties, farming techniques, and a standing commitment from Vietnamese buyers to absorb Cambodia’s production.
• The episode also highlights strategic developments in pistachios. South Africa is positioning itself as a future global supplier, targeting meaningful market share through long-term investment in the Karoo region. The effort depends on patient capital and the ability to manage the slow maturation cycle of pistachio trees before commercial scale can be reached. Vietnam, although it does not produce pistachios domestically, is playing an influential role as a processing and re-export hub, especially for shipments moving onward to China. That model allows it to add value within the supply chain while benefiting from tariff and trade advantages.