Archive for the Cashew News Category
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, […]
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.