Cashew nuts are native to Brazil and have spread throughout the world, being farmed by countries with tropical climates and soils that support their growth.
Cashews are valued for both their fruit and the nut which is the main focus of the plant. The nuts are healthy and loved by many for their nutritious health benefits for well-being.
Cashew trees need sandy soils that allow free-flowing irrigation without water logging for them to thrive and produce the best harvest. The cashews sold for consumption cannot be used to plant new cashew trees since they don’t have the protective shells that preserve the cashew heart that grows into cashew trees.
The cashew trees Also require high-quality fertilizer to avoid nutrient deficiency that could kill the tree, especially in the early stages. To grow healthy, they also need to be pest and disease-free, and hence the trees need to be treated with fungicides.
Because of these costs related to growing cashews and the required conditions, some countries like Russia do not produce cashew nuts but import from other producing countries.
Cashew Price in Russia
In 2021, cashew imports into Russia were worth approximately 62 million US Dollars. This was a considerable increase from the previous year, marking another high-value record.
The sharpest climb was from 2016 to 2017 when the import value rose from about 26 million US Dollars to around 48 million US Dollars.
Here are the total values in import of cashews in Russia between 2012 and 2021.
Cashew Nut Price per kg in Russia
The cost of cashew nuts in Russia ranges between $ 14.32 to $ 17.32 per kilogram on the retail market and $ 10.03 to $ 12.13 per kilogram on the wholesale market.
Cashew prices can be affected by different issues that can lead to the fluctuation of prices. For instance, branded cashew nuts could be on the higher end of pricing because of the cost of branding and the packaging material used to make it look more appealing.
Buying cashews directly from farmers or the main importers will save you some money as you will get wholesale prices, especially if buying in bulk, compared to retail prices.
With emerging e-commerce platforms, many sellers now sell cashews online, although the prices may not be as low, there are always discounts, offers, and sales at different times which are normally low or relatively fair prices.
Cashews Russia
The cashew market in Russia plays a key role in improving the lives of Russians, not just for bossiness people alone but for homes and families.
Cashew imports provide jobs for people and income that helps them run their day-to-day lives comfortably. The market also provides foreign exchanges which improves the country’s economy greatly.
Although there is competition in terms of the cashew types sold in the market and the demand for each, cashew consumers in Russia continue to raise the bar of their demands, and their preferences, making more room for Russia to import more cashew nuts.
Russia is also investing in cashew-producing and/or exporting countries such as Tanzania to create good relationships with their partners and ensure that they have a consistent supply of cashew nuts.
Cashew Nuts Russia
Although Russia imports mostly processed nuts, it aims at building a processing capacity so that it can import more unprocessed nuts and increase the value of cashew products.
This will also allow them to experiment with different uses of cashew leftovers such as the shells and incorporate them in other uses such as fuel.
Russia does not just sell imported cashew nuts locally, they also re-sell cashew nuts internationally.
For this reason, they are improving their packaging by using a common language or translating the details so that consumers from different regions can understand information about their cashew nuts.