What is the price of cashew nuts per kilogram/pound in Madagascar today?
The retail price range for Madagascar cashew nuts is between US$ 4.86 and US$ 6.81 per kilogram or between US$ 2.21 and US$ 3.09 per pound(lb). Click here to see today's exact prices of cashew nuts in Madagascar
The retail price range in Malagasy Ariary for cashew nuts is between MGA 21,522.12 and MGA 30,130.97 per kilogram or between MGA 9,760.60 and MGA 13,664.84 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar cashew nuts is between US$ 3.40 and US$ 4.77 per kilogram or between US$ 1.54 and US$ 2.16 per pound(lb).
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Madagascar Cashew Nuts Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cashew Nuts from Madagascar over the last five years has been relatively stable. In 2017, the price was 0.63 US$ per kg, followed by 0.60 US$ per kg in 2018, 0.50 US$ per kg in 2019, 0.55 US$ per kg in 2020, and 0.53 US$ per kg in 2021. The lowest price was observed in 2014, at 0.67 US$ per kg. Based on the data, it is predicted that the export price per kilogram of Cashew Nuts from Madagascar in 2023 will be 0.68 US$ per kg, and in 2024 will be 0.68 US$ per kg.The cashew nuts exports from Madagascar are categorised as:
- Fresh or dried cashew nuts, in shell (HS code 080131)
- Fresh or dried cashew nuts, shelled (HS code 080132)
Madagascar Cashew Nuts Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cashew Nuts into Madagascar over the last five years has been relatively stable. In 2017, the price was 0.63 US$ per kg, followed by 0.60 US$ per kg in 2018. In 2019, the price dropped to 0.50 US$ per kg, and then increased to 0.55 US$ per kg in 2020. The price remained the same in 2021, at 0.53 US$ per kg. The most recent data shows that the price has increased to 0.68 US$ per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Cashew Nuts into Madagascar in 2023 will be 0.71 US$ per kg, and in 2024 it will be 0.74 US$ per kg.Export values for Madagascar cashew nuts
The total values in export for cashew nuts in Madagascar were US$ 14,600, US$ 22,824, US$ 16,064 and US$ 17,192 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Nuts category in Madagascar: Coconuts, Brazil Nuts, Almonds, Hazelnut, Walnuts, Chestnuts, Pistachios, Macadamia Nuts, Kola Nuts & Areca (Betel) Nut.
See prices of cashew nuts in other countries across Africa: Algeria cashew nuts, Angola cashew nuts, Botswana cashew nuts, Burundi cashew nuts, Cameroon cashew nuts, Cape Verde cashew nuts, Central African Republic cashew nuts, Comoros cashew nuts, DRC Congo cashew nuts & Benin cashew nuts.
Madagascar cashew nuts - Production, Exports, Imports, Seasons and HS Codes
The quantity of cashew nuts exported by Madagascar in 2020 was 14,456 metric tonnes. In 2019 Madagascar sold 34,632 tonnes of cashew nuts. Across 2019 alone, the interest in Madagascar cashew nuts (nuts category) has climbed, changing by 29.378 per cent compared to the year 2018. Between 2017 and 2019, cashew nuts' exports went down by -4.65 percent netting the nation US$17.19m for the year 2019. Madagascar's cashew nuts exports are classified as:
- Fresh or dried cashew nuts, shelled (HS code 080132)
- Fresh or dried cashew nuts, in shell (HS code 080131)
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Madagascar cashew nuts export values
In 2019, Madagascar exported cashew nuts costing 17.19m USD, a growth of 7.01% from 2018's total cashew nuts export of 16.064m USD. The annual change in value of Madagascar cashew nuts between 2017 to 2018 was -29.618 per cent.
The annual/yearly variation in the amount of Madagascar's cashew nuts exports between 2017 and 2019 was -4.65 per cent in comparison to a variation of 29.378% in the period between 2018 and 2019.
Export markets for Madagascar cashew nuts ( in '000$ )
Madagascar's best performing export markets for cashew nuts are Vietnam, China, India, Singapore and South Korea.
Madagascar procured 8 tonnes of cashew nuts in 2019.
Production
The production of cashew nuts in Madagascar was 680,592 tonnes in 2019 and is predicted to change by an average of 0.61%. The country had an estimated 342,248.00 hectares under cashew nuts cultivation.