(2) WORLD CASHEW.COM’S OPEN REQUEST TO VINACAS TO FIX MINIMUM EXPORT PRICE FOR W320

This entry was posted on Thursday, May 9th, 2019 and is filed under Cashew.


Whenever the supply side desires a massive turnover, the demand side moves to wait & watch. Vietnam’s $4 Billion export target has become a guarantee in the world of importers.

This is a simple calculation about the profitability of the above export target:–

— ₹20.60 crores loss to the Cashew Board of Kerala in a deal totaling ₹115 crores means the loss percentage is nearly 18%. If we add 4% for the yearly inflation and another 10% for profits, the prices should increase by 32%. (Even zero percent variation during the slack demand period but 64% increase during the peak demand period gives an average of 32%)

When the market moves according to demand and supply, there is no need for government support. But if somebody wants the destruction of the agro and agro-industry market, then the government has to show its command. Therefore, worldcashew.com honestly requests to the government of Vietnam to make intervention by fixing a minimum export price for W320.

Filed Under: Cashew