Archive for the Cashew News Category
Premium W240 market is now around ₹820+GST/kilo in Goa & Mangalore. Demand is for the ‘KUMBH MELA’ festival, which will start on Jan 15. 2019. Last day of the festival is March 4, 2019. WORLD WILL WITNESS THE LARGEST GATHERING OF PEOPLE DURING ALL THE IMPORTANT DATES OF THE FESTIVAL. This is not an annual […]
Indian exports to Iran was said to be around $5 billion/year when the previous agreement of partial Rupee trade was in force. But it came down to $2.5 billion/year when the mutual trade finally returned to Dollar terms. Current trade deficit with Iran is $8 billion. Under the new agreement, IRAN WILL UTILIZE 50% OF […]
Some Hindu calendars prohibit auspicious celebrations for a month from today on-wards till January 14, 2019. However, well known exporters can sell around $4.35/LB/W320/Q1 Forward contracts/Emerging markets. New governor of the Reserve Bank of India is not showing any kind of a hurry in the Rupee appreciation. But the industry should be ready for a […]
Winter is warmer than normal. Political situation is somewhat directionless after the recent state elections. Premium W320 is trading around ₹760+GST/Kilo/Small Quantity/ Goa-Mangalore. Those who need Tanzanian raw cashew are disappointed but have not lost their hope. They think that the nuts will arrive in January or February.
Some Tanzanian officials still believe that the crop-size is 10 to 33 percent down this year compared to last year. Farmers of the Sulawesi region of Indonesia also lost their last crop harvest due to heavy thunderstorms. However, Tanzanian industry can not process their complete harvest even if they open all the closed factories. — […]
Wholesale price of domestic/Guinea Bissau origin W320 is moving around ₹770+GST/kilo/Goa-Mangalore. However, the price is still roughly $5.00+GST/Pound because of the Rupee appreciation. Indian buyers are adjusting the local market around $5.00/LB/W320 TO SUPPORT THE DOMESTIC INDUSTRY. Indian wedding season will restart after December 8, 2018.
Price for premium W320 in India is ₹780+GST/kilo/Goa-Mangalore, i.e., $5/Pound. Even then, some Vietnamese enterprises are said to be asking immediate raw cashew supply from India. According to forex experts, the current trend of appreciation in the Indian currency will continue till the general elections. If the Rupee settles around 68/$, even the $5/Pound/F.O.B/W320 will […]
When Tanzania announced a minimum selling price for raw cashew, global kernel market also began its northward journey. According to some trade sources, Indian exporters have no selling interest even if the offers from emerging markets are said to be around $4.25/Pound/W320. North Indian buyers were asking only W320 and W240 grades during the last […]
Initially, experts from Africa predicted a crop size of 380000 Tons for Tanzania. But later the figure was brought down to around 300000 Tons. However, the government now says that the harvest size is less than 220000 Tons and the sales figure is 90000 Tons. So the remaining stocks will be around 120000 Tons. — […]
According to press reports, the government of Tanzania will use military vehicles and warehouses to purchase the entire harvest. MOST PROBABLY, THE PRICE PER KILO IS AROUND $1430/TON. THEREAFTER THE BUYER HAS TO GIVE THE TRANSPORTATION COST AND WAREHOUSING CHARGES TO THE GOVERNMENT. GOVERNMENT MIGHT ALSO LEVY THE 15% EXPORT TAX. REPACKING, PORT DELIVERY AND […]
Most probably, Tanzania will restart the raw cashew auction process from today. According to a press report, the final result of today’s auctions might available on Tuesday. Vietnamese officials think that they need around 300000 Ton raw cashew imports to run the industry till their harvest season. However, some experts think that the requirement is […]
This year’s Diwali sales may or may not beat market expectations but Indian retailers are not getting the required supply in the W240 and W320 size grades. RAW CASHEW QUALITY IS RESPONSIBLE FOR THE SHORTAGE. If a processor laughs at his raw cashew purchases, singing – “W320 LESS RAW CASHEW! W240 LESS RAW CASHEW!” – […]
Ease of doing business can attract more buyers to the auction. Entry of more buyers means huge competition. Therefore, Tanzania should make changes in the licensing regulations and should reduce security deposits. India is a country of innumerable small-scale processors. But their collective strength is not at all small. They get 20-25 percent more in […]
Diwali demand, workers attendance shortage and white quality raw nut shortage are responsible for the ’empty stock situation’ in the W240 and W320 wholes/Goa-Mangalore. Finally, Tanzania has announced the most awaited marketing season. Most probably, from today! Indian small and medium scale buyers want the 52+/lb outturn nuts around $1700-1750/factory delivery (i.e. Auction rate+ tax, […]
90% might not know the unbeatable taste of the un-boiled cashews but when scientists invent the way of boiler less processing in the industrial level, cashew will become the world leader of the craziest and costliest food items. Right now, large scale production is possible only after boiling.
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, […]