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Ivory Coast Cashew Sales Slump on Low World Prices

Cashew nut farmers and exporters in Ivory Coast are seeing a slump in sales as Vietnamese exporters try to get out of contracts following a drop in world prices, an official said on Tuesday. Ivory Coast is the world's top cashew nut producer with output of 770,000 tonnes expected this year. Exporters in Vietnam, which has a major cashew processing industry, buy 70 percent of that production. International prices for cashews have dropped by nearly half since March after consumers in...

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