Europe is facing a strong return and spread of the second covid wave. With the seriousness of this second covid, European governments have become seriously aware of the danger. and the serious harm the epidemic has caused in the world.
Many parts of Europe have no choice but to block the country, or to contain a semi-blockade to control the rapid rise of the second COVID-19 outbreak here.
On November 1, the Swiss state government of Geneva decided to implement a semi-blockade measure from 19:00 on November 2 to November 29 because the COVID-19 pandemic was getting worse.
France and Germany also announced that these two countries would apply blockade and semi-blockade measures to control the epidemic.
German government decided to limit blockade (stop night activities) starting today, 2-11
On November 2, British Prime Minister Boris Johnson will meet with lawmakers and convince them that there is no other way, except for a nationwide blockade, to prevent an outbreak of COVID-19.
Whereas on the other side of the Pacific, the United States is slowly reaching the last few days of the presidential election, in the case of Mr. Biden (who has always had a national blockade idea to control the epidemic) if elected. It is possible that the United States (Vietnam's largest cashew nut market, and then Europe) will be completely blocked.
The blockade of Western governments could lead to Western consumers losing major holidays such as Christmas and New Year, and stores in danger of closing and prolonging the decline. The economic recession has been quite bad since the 1st covid epidemic. This has also led to a change in the consumption habits of people on non-essential products (which have also been exhausted since phase 1).
Airlines, travel, restaurants, bars, and discos are the segments of the market that consume a large part of the nuts in the meal, which have recovered slightly since countries loosening the blockade are once again facing. with the risk of continuing to shut down.
With inventories of cheap cashew kernels already accumulated by western importers, plus the prospect of a second blockade and the fear of falling consumption led to many requests for delayed delivery of the home. Western imports are sent to manufacturers in Vietnam.
Cashew Kernels are currently trading at $ 2.8 - $ 3.0 / lbs Fob for W320 depending on the manufacturer's brand, the price has remained stable from October until now and has not shown positive signals for the price is up despite a moderate increase in volume.
Steve - Asiafri commodity news
