Author Archive
Activity Begins After the Holidays
Even after the first week of the New Year, the Indian Wholes market was waiting for the world-wide holidays season to end. But because of the strong demand for broken grades, North Indian buyers are back in almost all grades. Smallest grade ‘BB’ which was available for 150+GST/kilo in December, is now moving around Rs350+GST/kilo/Premium […]
Duty of ‘Bharat is to Enjoy Shining & Spread Shining’ (10)
Nearly 100% of the Indian Population is Farming Community as Farmers of India consider their Nearest and Dearest as their own family! —– All the members of the farmer family cannot survive on farming as 86% are said to be under small-scale. One may select a job for career, another might become a service provider. […]
Very High Demand for Broken Grades due to Food Inflation and Huge Increase in the Packed Food Prices
W320 has buyers up to Rs720+GST/kilo/Goa-Mangalore but buyers are asking proportionate broken grades. The price of Double Jumbo Half ( W180 and W210 splits) is Rs700+GST and for the Premium Jumbo King Pieces ( Bigger than 1/4) Rs600+GST/Kilo. Increase in the price of DP pieces seems to be nearly 50% in December. However the small […]
Duty of ‘Bharat is to Enjoy Shining & Spread Shining’ (9)
APMC Act and Agro land conversion rules became barriers to the farming activity in India for many decades. When the nation’s farmers lost their legitimate rights, only corrupt officials made huge money. The intention of the Act was progressive in the beginning. When the president gave his assent there was no ‘yard vs area’ jurisdiction […]
Duty of ‘Bharat is to Enjoy Shining & Spread Shining’ (8)
If the majority of India’s 60 crore farmers support any agitation, only that agitation is farmers’ agitation. Any protest started by some group leaders or politically motivated unions is only for their own individual interest but not for the entire farm community. In India, it is easy to bring thousands of people for any movement […]
Price for W320 is Rs700/kilo/Goa-Mangalore but excluding West African Last Crop
Rs700/kilo means around $4.30/lb. But considering export incentives, this works out to about $4.10/lb in the international market. Exporters are facing Rupee appreciation problem. More rush is in the broken items. Wedding season 2021 is heading towards a new record because of the April-May lockdown. North Indian buyers are also looking for lower grade wholes. […]
Bullish Uproar in the Market
The asking price for the 160/count/kilo/25% broken grades/ Tanzanian raw cashew is around Rs127+GST/kilo/Goa-Mangalore. Even the ‘200/count/kilo/35% broken grades’ quality is not available below Rs115+GST/kilo. SMALL-SCALE KERNEL BUYERS ARE VISITING ONE AFTER ONE FACTORY FOR MAKING LONG TERM CONTRACTS BUT SELLERS ARE SHOWING LITTLE OR NO INTEREST IN MEETING BUYERS! Most probably, kernel market is […]
Survival of the Fittest is the Mantra for the Existing Units but New Entrants are Smelling a Great Opportunity!
Around 40% of the Tanzanian New-crop is sold out. Mozambique determines the export quantity, only after they fully sanction their domestic requirements. Weather is the master in determining the remaining harvest in Indonesia! Raw cashew shortage is a great chance for hoarders. Market is in need of huge capital. Many new entrants will try to […]
No Selling Pressure in Kernel Market
Branded Vietnamese enterprises who sell W320 around $3.10 to $3.20 per Pound in the Chinese market are getting 3 to 6 percent surprise additions in their pocket on account of the continuing Yuan appreciation. This is happening from last 3 months under the Yuan to Dong payment term! Indian processors who sell in the domestic […]
Strong trend in Wholes, Buyer-Seller Adjustments in Broken
Buyers are still asking bulk quantity in W320 and W240 but increase in production is not possible at this stage. If the trend continues, small scale gift-pack manufacturers will have to select W400 or SW or even Jumbo-Splits as substitutes. This year’s Diwali is not for cheaper broken grades as buyers suffered heavy losses during […]
Where is Raw Cashew for Next 5 Months? Is There a Chance of at least 25% Rise in the Kernel Market?
Export demand is on rise because of increase in kernel consumption. Vietnam needs imported raw cashew for next 5 months and India needs Tanzanian or Indonesian supply even after the fiscal year-end. Large-scale units have no way left except 40-60 percent reduction in kernel production. But even this way seems to be not available for […]
Consumption on Increase, Supply not Matching with the Demand
End of South West Monsoon means revival in kernel demand. W320 has buyers around Rs720+GST/kilo/Goa-Mangalore. Almost all grades are in demand. In North India, Autumn is nothing but the beginning of the winter. Industry will go for a week long holiday for the Diwali by mid-November. ,,, Market may experience severe kernel shortage till the […]
Market Waiting for the Rainy Season to END.
There is no down trend in the market but the rainy season is troubling the bull-run. Diwali new-year demand, Calendar new-year demand, Wedding & Winter season demand – even Corona virus may support the consumption.
Rush for Raw Cashew
Factory dry Maharashtra origin or Full dry plantation quality is not available below Rs120/kilo. Buyers are rushing to hoard as much as possible, just to continue the production till the arrival of the new season. They think that the Govt of Goa will increase the minimum support price when the new season arrives. A big […]
Festive Demand in both Raw Cashew & Cashew Kernel
Shortage of raw cashew may be due to quality issues. 24% filling Indian origin raw cashew is not available below Rs110/kilo/190 counts. 20% filling Benin origin has buyers around Rs90/kilo/180 counts. This year, the Diwali festival dates are in mid-November. So the New-Year purchases will start immediately after Diwali. Market experts think that the best […]
Immediate Demand is for Broken Grades, Month-end Demand for Higher Grades
Indian food industry now needs bulk quantity in splits & pieces. Premium Jumbo-Half (W180, W210 & W240 Splits) is trading around Rs650 + GST/kilo/Goa-Mangalore. Premium King-Piece known as the Jumbo-K is selling around Rs610+GST, under the same terms. There is no demand for the imported pieces because of the rejects & oily mix problem. Broken […]