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Cashew nuts commonly known as cashews are produced by a tropical evergreen tree known as cashew tree. An ordinary cashew tree can attain a maximum height of 46ft while a dwarf tree grows as high as 20ft. The dwarf trees mature early, and therefore they are more profitable than the normal ones. Cashew nuts were initially indigenous to northeastern Brazil, and the Portuguese colonists began exporting them during the s.
The region is the pioneer of cashew trade and cashew processing on the global platform. The largest importing countries in terms of value are Viet Nam and India globally. Cashew crop is traded in several forms including cashew kernels, broken and whole; raw cashew nuts; roasted cashew nuts and cashew nut shell liquid. However, due to ongoing supply crunch caused by lower production in Vietnam and Western Africa, Global cashew price are expected to continue to escalate in the near future. Shippers of raw cashew nuts RCN defaulted or negotiated new prices with sellers in India and Vietnam.
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