Average Players Are Responsible For The Price Hike In The Indian Cashew Kernel

This entry was posted on Tuesday, July 5th, 2011 and is filed under Cashew.

Indian domestic cashew kernel prices for the wholes are still nearly 12%-13% above the world market price for the same grading but exporters get some cash and other incentives. According to market souces, even then their local market prices are better by about 7%-8% for the wholes and around 10%-12% for the pieces. South Indian consumption has come down due to strong monsoon and north Indian bulk buyers have already amassed huge stocks for the Ramzan festival. But the Indian local market trend is still firm due to average players and petty stockists. In the global scenario, American and European buyers have enough stocks but the emerging and side markets are responsible for the current abnormal price rise situation.

Filed Under: Cashew