CropGPT - Nuts

The weekly report on the global Nuts market for week 50. Brought to you by CropGPT

Show Notes

This episode delivers an in-depth look at the global nuts market.
  • Global cashew production is projected to grow by 3 percent in the current season, reaching 5.53 million metric tons. The Northern Hemisphere is expected to contribute 4.57 million tons (a 2 percent increase), while the Southern Hemisphere will add 901,000 tons (a 7 percent increase). Tanzania stands out with a forecasted 17 percent jump in output to 700,000 tons, exceeding expectations set by the International Nut and Dried Fruit Council.
  • Increased cashew output is also evident in Cambodia, India, Cote D'Ivoire, and Nigeria, with respective gains of 6.3 percent, 17.9 percent, 4.2 percent, and 6.4 percent. This growth is driven largely by robust demand from China, the European Union, and the Middle East. The EU has notably increased its procurement of African cashew kernels. Conversely, Vietnam, Ghana, and Togo are experiencing production declines of 11.8 percent, 18.2 percent, and 33.3 percent respectively. The U.S. market is seeing weaker demand due to elevated costs and tariffs, prompting Vietnam to shift its export focus to China.
  • India's domestic processing market continues to expand, with cashew processing demand expected to reach 4 million metric tons by 2045. Price variations among cashew types are notable, reflecting shifting global preferences and market segmentation. Meanwhile, Vietnam has signed a new cultivation agreement with Cuba, covering cashew and short-cycle crops on 2,000 hectares, strengthening bilateral trade and agricultural investment ties.
  • In Goa, the cashew feni industry is leveraging geographical indication tags to protect and enhance its market position amid challenges such as aging orchards, climate variability, and import competition. Vietnam’s cashew export volume has increased 4 percent, while export value surged 19.5 percent in the first eleven months of 2025, fueled by a 14.9 percent rise in average export prices. Exports to China and The Netherlands have grown, but shipments to the United States have declined.
  • Separately, Iran has achieved EU certification for its pistachios, boosting its credibility and competitiveness in European markets. With annual pistachio exports totaling 100,000 tons, this certification is expected to strengthen Iran’s role as a leading supplier in the region.

What is CropGPT - Nuts?

Market news about nuts - Cashews, nuts, almonds, macadamias, pistachios. Including trading news, weather and forecasts

Speaker 1:

Welcome to the weekly summary of the global nuts market for 12/14/2025. For more information on any aspect of this report, please visit the CropGPT website for far more detailed reporting and analysis. Global cashew production is set to increase during the season, with the Northern Hemisphere anticipating a 2% rise to approximately 4,574,000 metric tons, and the Southern Hemisphere expecting a 7% increase to 901,000 metric tons. This will bring total global production to 5,533,000 metric tons, marking a 3% increase over the previous season. In Tanzania, the cashew nut board is projecting an impressive 17% rise in output for the current season, reaching 700,000 metric tons, compared to last year's harvest of 595,000 metric tons.

Speaker 1:

This outlook surpasses forecasts by the International Nut and Dried Fruit Council. Countries such as Cambodia and India are witnessing heightened cashew production, driven by strong demand from China, the European Union, and The Middle East. The European Union has notably increased its procurement of African cashew kernels. In The United States, demand has dropped due to high costs and tariffs, prompting Vietnam to prioritize its exports to China. Cote D'Ivoire, Cambodia, India, and Nigeria are seeing significant production gains of 4.2%, 6.3%, 17.9%, and 6.4%, respectively.

Speaker 1:

Conversely, production in Vietnam, Ghana, and Togo is expected to decline by 11.8%, 18.2%, and 33.3%, respectively. India's domestic market for cashews is on an upward trajectory, with projections that processing demand will hit 4,000,000 metric tons by 2045. Prices for various cashew types, such as lightly holes, slightly holes, White Hole three twenty, and White Hole four fifty, have shown substantial variation. A new cultivation agreement between Vietnam's Hoang Guia Viet Food and Cuba's Alcazar encompasses cashew and short cycle crop production over 2,000 hectares. This partnership underscores Vietnam's strategic investments and enhanced economic ties with Cuba.

Speaker 1:

In Goa, the cashew feni industry is advancing with the enforcement of geographical indication tags, aiming for better regulation and premium market positioning. Challenges of aging orchards, climate effects, and competition from imported cashews persist, influencing local pricing and production standards. Vietnam has witnessed a 4% increase in cashew export volume and a 19.5% rise in export value over the first eleven months of 2025, driven by a 14.9% increase in average export prices. While exports to China and The Netherlands have surged, those to The United States have dropped. Iran's recent European Union certification for its pistachios is expected to enhance its exports and solidify its standing in European markets.

Speaker 1:

With 100,000 tons of pistachios exported annually, this certification significantly boosts the global market confidence in Iranian products. Remember, our CropGPT site contains far more details and reports about the nuts market, including crop health reports, twenty years of weather data, and even pricing data and earning call analysis. This podcast is just a few selected highlights for the week.