Cashews are moving against the crowd

Oct 27, 2026, Viewpoint

Cashews are moving against the crowd. Over nine months, exports reached 542,768 tons. Volume fell 2.2% year on year. But revenue came in at USD 3.84 billion, up 1.9% from the previous year. Selling less, earning more. The complete opposite direction from rice and pepper. The reason lies in the selling price. The average selling price was USD 7,082/ton, up 4.1% year on year. In September alone, prices touched USD 7,242/ton, up 6.7% from the previous year. Higher prices offset lower volumes. China bought the most in the market. Over nine months it bought nearly USD 1 billion worth, up 20.9% year on year. But do not celebrate too early. Two markets account for 45.2% of sales volume. China and the US decide the industry's rhythm. If one market changes policy, the sector shakes. The cashew industry shows an old lesson. You do not need to sell the most. You need to sell at the best price. Fewer tons, more money, that is the real win.

All news