Archive for the Cashew News Category
Indian domestic price for W320 is ₹8100 – ₹8200/10 kg/ including GST/Goa-Mangalore but exporters get only ₹7600/including tax, interest and other benefits for the same quantity. Small-scale processors have enough local buyers but Large-scale is still depending on the global demand in the white wholes category. In the pieces group, Indians get 15 – 20 percent more when […]
W320 is moving around ₹8000/10 kilo tin/Including GST/Goa-Mangalore. Price of Tanzanian raw cashew has come down to $2200 Ton/50 Lbs out-tern per 80 kg/175 counts per kilo/Indian West Coast. Indian domestic consumption is on increase but production has come down in Kerala, Andhra and Orissa.
Panic selling is always a temporary phenomenon. Whenever such situation arises, cashew processors should reduce production to the demand level. Rumormongers mostly target newcomers and small-scale. Current raw cashew price is also not in the reach of the small-scale.
North Indian offers for W320 is around ₹750+GST/kilo/Goa-Mangalore as sellers are showing more and more interest in the domestic market. Indian buyers usually purchase almost all grades when the demand picks up. Nowadays, corporate and online retailers get some last minute orders during the Christmas and New-Year celebrations.
51 LBs/80 kg/200 counts per kilo/Tanzanian raw cashew is available around $2300/Ton/small & medium shipments/Cochin-Mangalore. South Indian local kernel market is for splits & pieces. There are sellers in W320 around Rs780+GST/KILO and buyers for Jumbo Splits (Splits of W240 & Higher Grades) around the same rate. Price of the White Jumbo Pieces grade (Bigger than […]
Price of 53 LBs/80 kg/190 counts per kilo/Tanzanian raw cashew is around $2400/Ton/small & medium shipments/Cochin-Mangalore. This year’s harvest in Tanzania is said to be better than last year but buyers are rushing for the first and second crop. Kernel buyers are also showing interest in only white quality kernels. East African crop-size may reach […]
After Diwali, the Indian cashew kernel usually follows global trends in the wholes category. But the pieces mostly move in accordance with domestic demand and supply. Even then, the consumption of W320 and W240 will increase during the Christmas and New-Year celebrations. Strong demand for lower grades may emerge during the mid-winter season.
Premium W320 is trading around ₹8000+GST/10 kilo tin/Goa-Mangalore. Exporters buying rate is only ₹7600+GST/without packing/ for the same quantity. There is no piled up kernel stock in India but the export f.o.b price for W320 is only $5.00/Pound/small & midsize contracts. Vietnam’s aggressive production is said to be the main reason but they may face […]
Indian cashew sector witnessed massive domestic sales in September and October. But according to the Industry estimate, the volume of sales from July 1, 2017, is at least 20% less compared to last year. Only July was worst to the cashew industry but the lost volume of July is certainly not a complete loss. The 20% […]
No raw cashew shortage but the content of white grades is said to be below 50%. Supply is not catching up with the demand. Small-scale processors are shutting their doors or searching for job-work providers because of the poor quality raw nuts and very low filling outturn.
June was the best month for the Indian cashew industry. However, the industry suffered heavy losses in July. The lost sales of July seems to be in a fast recovery mode in September. Despite there is a shortage in each and every grade, it is severe in the splits and pieces category. This year’s retail sale […]
This year’s crop-size may not be a new record in India but it is about 20% more, compared to last year’s poor harvest. The increase is said to be above 30% in the western region but there is some fall in the eastern region of Tamil Nadu. When ever the trees yield a bumper crop, […]
Kollam is the center of Indian cashew industry despite there is year on year decrease in the capacity utilization. Production in the Kerala region will witness further downfall from the first day of Onam, i.e 25th August 2017. Indian food industry now needs continuous and bulk supply of pieces for the Diwali preparations. So, the shortage may continue […]
At present, Only the Delhi market controls the Wholes category in the Indian cashew kernel. Still, there is no such competition from exporters or from Mumbai, Gujarat and any other well-known regions. Buyers from Delhi are enjoying the wholesale trade under GST by transferring the tax benefits to their suppliers. Under the VAT system; there […]
Online price of a 500g package of W320 is around ₹625-650. But for a 10 kg pack; it is about ₹18900 for W240, ₹16,900 for W320 and ₹14,000 for W400 in a big online market place! Something extraordinary may happen if online retailers get enough orders during the peak retail period in September!
Current Delhi market for Premium W320 is around ₹9760/11.340 kilo/including GST/ Goa-Mangalore and for W240 about ₹10420/same conditions/Goa-Mangalore. Removal of interstate barriers and double taxation during the biggest festive season are responsible for the buoyant mood. Those who have made export contracts under Euro terms have no problems but market equilibrium needs at-least 10% rise in Dollar terms.