Festive demand is now in only broken grades. Despite steady consumption, buyers are asking small quantities in W240 & W320 like grades. Tomorrow on wards, Tanzanian farmers may bring their produce to the auction event. First few auctions are very very important to them as well as for the wholes market.
Raw cashew market in India is already facing supply shortage in the small scale sector. There is a huge need of raw cashew for at least four to five months period, i.e till the arrival of the Indian New-crop. However, where is raw cashew for the Vietnamese industry from December on wards? Mozambique gives preference […]
Big fall in the almonds market is not a hundred percent reality. Cheaper imports are now facing consumer resistance. Premium Jumbo split, mostly the W180 & W210 split grade has buyers around Rs720 + GST/Kilo/Goa-Mangalore. Premium King Piece, especially bigger than the 4 Piece grade has demand around Rs710 + GST. Best SWP & DP […]
Above 20% GDP growth in the latest quarter means the boom will continue even after the Diwali season. Consumption is on peak, production is on peak but where is adequate raw cashew for processing? Price for the 20% filling Beninese raw cashew is above Rs110/kilo in Goa-Mangalore & for the 21% filling IVC origin, the […]
Prices steady in wholes but the bulk demand is for broken. Some buyers insist 30% broken in their buying list but non regular buyers ask nearly 50% broken grades. Festive demand in the wholesale wholes market may remain for the next 4 to 5 weeks but the demand for broken may remain till the last […]
Asking rate for premium SWP is Rs600/kilo/inclusive of GST & even the DP is moving around the same rate. Price for W320 is up to Rs740+GST/kilo & for the W240, Rs40 more. Buyers are asking almost each and every grade.
Market has started to move towards wait & watch mode in the broken grades, immediately after the conclusion of the Onam holidays. Prices are falling in almonds also. Wholes witnessing a steady trend in higher grades but slowdown is in the lower grade varieties.
Price increase is nearly 100% in almonds but bulk demand is only for LWP, SWP, SP, and Jumbo broken grades in cashew kernel. Raw cashew sellers are waiting for the September demand. However, Indian small scale processors are not showing much interest in the raw cashew.
It may be due to the weather or due to the yearly changes in the raw cashew size & shape. Indian food industry now needs huge broken grades for the Diwali sweets, especially for the ‘Kaju Katli’. If the required quantity is not available, they will have to substitute wholes like W320.
Beginning of ‘Shravana’ month means the start of the festive season in India. North Indian buyers highly prefer this beginning for their bulk purchases. There is no big news from Vietnam as the surrounding region of the HCMC is struggling against the sudden wave of covid-19.
Strict Covid Restrictions in Vietnam: Result may be Immediate Kernel Shortage but Only Charmless Direction for Raw Cashew
Southern region of Vietnam now controls the global export market of cashew kernel and the import price of the raw cashew nut. Lock down in this region means collapse in the raw cashew demand and supply shortage in cashew kernel. However, workable good quality is mostly sold out in West Africa. In India, price of […]
Sellers are not showing much interest in the August second week offers. Their intention is to lift the market above Rs.800+GST/W320/kilo for the festive season. Every year is a different year. This year is also totally different from last year. However, raw cashew is facing buyers resistance because of quality and yield problems.
Whatever is the filling out turn, Vietnam’s huge imports may not disappoint them. In the Goa-Mangalore region, F.O.B market is now fast moving towards the pre-2020 level. Well known exporters can sell W320 : ‘ nearly $4/lb or even more!’ Indian food industry is facing severe shortage in broken grades, even if this is the […]
According to latest Reports, huge increase in the Cambodian & African 2021 harvest is not true. The Cambodian export to Vietnam in the 1st four months of the year includes African 2020 raw nuts as Vietnamese traders found it fast & easy to import from Cambodia, especially for the border region. The F.O.B price difference […]
Restrictions are continuing in the international travel. No chance of huge gatherings in the Tokyo Olympics. Only suppressed crowd permitted. No cheers, no celebrations, no autographs. Spectators should directly go to home after the events. ‘Olympics without a festive mood’ EVEN THEN, THE TOKYO OLYMPICS MAY FINALLY BECOME A MORALE BOOSTER TO THE DEPRESSED LUXURY […]
Festive months for the wholesale activity may start from mid July. Boom period may continue till the 3rd or 4th week of October. At present, speculators are trying their best to persuade sellers to sell at current prices. Benin origin raw cashew is selling around Rupees 100/kilo for the 26.67% cutting out turn. Mostly no […]