Archive for the Cashew Market Category
Current price for the Tanzanian origin W320 is around $5/lb in India. Indian buyers fix the price according to the taste and quality. But this is not the highest price! HIGHEST PRICE IS FOR THE UNBOILED PROCESSING SYSTEM AS BOILING ALWAYS REDUCES THE TASTE. THIS SYSTEM IS KNOWN AS HAND PROCESSING OR NATURAL PROCESSING. USUALLY, […]
A few days ago, asking rate of the Guinea-Bissau raw cashew was ‘₹128+GST/kilo/30% cutting outturn/180 Counts’. But now it is ₹138/kilo/Goa-Mangalore. Tanzania is responsible for the steep increase. A press release clearly says that the government of Tanzania will safeguard the interest of farmers — ” Tanzanian cashew nut is said to be the highest quality […]
TANZANIAN RAW CASHEW WILL BE THE BEST AVAILABLE RAW CASHEW FOR THE NEXT 5 MONTHS. Those who are in a hurry, want to grab the first crop harvest around $1700-1750/Ton. BUT THE OFFICIALS ARE NOT SHOWING ANY KIND OF URGENCY. THEY ARE NOT ONLY SLOW IN THE AUCTION PLANNING, BUT THEIR INTENTION AISO DIFFERS FROM […]
History Shows Past Records : Cashew is the Beneficiary of Rupee Term Trade Between India and Russia & India and Iran
Barter trade like agreement will certainly benefit the Indian agro commodities. ‘Importers from India will pay in Rupees and the other party will use this Rupee amount to settle his/their purchases from India’. Export market for Rice, Tea, Sugar and Cashew may witness substantial increase. Only History has past records!
Current demand for premium W320 in Goa-Mangalore is said to be around ₹840+GST/kilo. In India, spending always increases during the election time. Diwali demand, New-Year demand, approaching winter and state assembly elections are the factors behind the bull run. Entire nation may go to vote in April. i.e., during the domestic harvest season. — Another Diwali […]
Premium W320 is still moving around ₹830+GST in the Goa-Mangalore region. However, it now works out to $5.1/lb. Sharp depreciation in the Indian currency is responsible for the difference. Depreciation is negligible in the Vietnamese Dong but the Brazilian Real is gaining strength.
North Indian buying interest is in the W240 and W320 wholes. South Indian buyers are searching for broken grades. Diwali demand is only in the kernel market but non-edible items like CNSL, shells, red skin and rejections are available at throw away price.
Indian importers are eagerly waiting for the Tanzanian new crop. They have no interest in the April-May inventory stocks. Few warehouses contain only labour-cost raw cashews, which are already heading towards the expiry date. Whatever is the price, Indian consumer now asks for the quality. So, the kernel supply is not catching up with the […]
Some cashew nuts contain a different peculiar oil which is not fit for human consumption. Usually, processors dispose these kind of nuts and brown nuts as poultry or cattle feed. Lankan presidents tirade is against such reject cashew nuts, served to him on a flight. According to him, the nuts supplied to him were not […]
Forward demand for ‘Premium W320’ is said to be around ₹8300+GST/10 Kilo Tin/Goa-Mangalore/September-end delivery. LWP and SWP grades are not available in bulk quantity. Production has come down because of workers attendance shortage and workable raw cashew shortage.
Indians eat variety of sweets. Nowadays, there is a significant shift from traditional items to modern diversification. Kaju Katli, also called as Kaju Barfi has become the No.1 sweet in India. Dry Fruits’ pack containing cashew is the most preferred gift pack during the Diwali festivals. Among sweet boxes, Kaju Katli is the King. Food […]
Current Internal consumption in India is said to be 300000 Tons. If we add another 20000 tons on behalf of ‘Indians abroad’, the figure becomes 320000 tons. i.e, 38-42 percent of the world production! Diwali season is a three month long season for the Indian cashew sector. According to some industry sources, around 50% of […]
North Indian buyers are showing interest in both spot and forward contracts in cashew kernel. Wholesale buyers and their agents are readily accepting two months supply contracts around ₹810+GST/Kilo/W320 in Goa and Mangalore. Some buyers are even luring sellers through advance payments. The most famous sweet called ‘Kaju Katli’ contains 60-75 percent piece grades. So […]
According to market rumours, growers laugh at the price offered by local buyers in the Flores region of Indonesia. Even if the Indonesian harvest reaches one lakh ton, the major shipments will reach India only after September. Indian buyers never get bulk or large scale supply of the Indonesian origin Kernels for the Diwali season. […]
Which is Better – Default from Kernel Exporters, Dgrade Mixed Kernels or A Reasonable Price for All ?
If the per pound price of W320 is $5 and the exchange rate is ₹69.6/$, it becomes ₹348 in rupee terms. 1.e, ₹767/kilo. If we add 5% as export benefits, the final realization comes to ₹805/kilo/excluding GST. Current Indian market is ₹800-810 kilo/excluding GST for the Indian, Benin and Tanzanian origin W320. So the Indian local market for uniform […]
Onset of festive season in India and Chinese vigilance on cross-border trade in almond and pistachios might cause some exporters to default contracts in cashew kernel. Vietnam’s export to EU and USA is on decline due to growing Chinese demand. Earlier almonds, pistachios and cashew would flow without import duty in small vehicles across Vietnam […]