Archive for the Cashew Prices Category
Rumor Mongers in Raw Cashew Always Fail When Farmers Get Govt Support in Goa and Kerala
Raw cashew price is a big political issue in Kerala. If required, the state government will definitely give budgetary support to ensure a minimum price. Cashew is known as Goa Nut in the coastal region of India. So the government of Goa will give more and more subsidy to its prestigious crop, whenever there is […]
Soon India may Face Severe Raw Cashew Shortage as Guinea Bissau Sells Entire Stocks to Vietnam
According to reports, there is now no unsold raw cashew stock pile in Guinea Bissau. ENTIRE HARVEST SOLD OUT! IT IS A CONTRACT SUPPORTED BY THE AUTHORITIES OF VIETNAM AND THE GOVERNMENT OF GUINEA BISSAU. Indian domestic market works out to $5.00/pound. However, the quality determines the price in this market. Who will supply the domestic […]
Who is Responsible for the Ruin of Cashew Industry?
Over investment in the manufacturing sector is always bad. It results in abnormal rise in the raw material price and a crash in the finished product. Both India and Vietnam are facing the problem of over investment, over production and over supply. Worst time for the cashew industry is usually January-end to March-end. Sometimes the […]
India’s Internal Market for W320/Pound is $5+Amount Equal to All the Export Benefits !
Buyers’ first preference is the kernel which they can preserve even after Diwali. Therefore Goa, Maharashtra and Coastal Karnataka origin W320 has buyers around ₹810+GST/KILO as these kernels are strong, solid and stable. Next preference is for Benin kernels with ₹800+GST/KILO. Even if Sellers get $5/LB for W320 in the export market, they will not […]
Vietnam Should Control Import Dependancy in Exports
Why raw cashew should come to Vietnam or India for processing? Countries like Tanzania and Guinea Bissau have the advantage of quality local nuts and they are now attracting huge foreign investments in the processing field. 1) Labour cost is cheapest in Africa. 2) Out-turn and grading quality diminishes during the 40-60 days of transit […]
Production Cut Leads to Recovery in Kernel Market but Raw Cashew Down
Buying interest in W320 is now around ₹780+GST/Kilo/Goa-Mangalore. Complete halt of production in the Palasa region has resulted in supply shortage. However, there is no such enthusiasm in the inventory side. Raw cashew buyers are not satisfied with the filling yield of imported nuts, especially of Ivory Coast and Burkina Faso. Despite Guinea Bissau is known […]
Demand Favors Indian Cashew
This year, the price gap between “Make in India” origin and other origins may widen. Vietnamese farmers were not prepared for the rain damaged last crop harvest and the industry was also slow in the import of West African first and mid-crop harvest. Although Indian procurement is still not adequate for the great Diwali demand, […]
Worldcashew.com Suggestion for July-August 2018 (3)
“When buyers are in no hurry, sellers can not command the market. When buyers have no space in their warehouses, unwanted supply is even more dangerous”. Therefore, things will get better if the cashew industry stops or substantially reduces production till the 3rd week of July. There is demand for July-end delivery contracts. But the […]
Worldcashew.com Suggestion for July-August 2018 (2)
It is better to temporarily shut down the industry, instead of selling finished goods below the cost or buying raw material above the cost of production. If the available raw cashew is of poor quality, then the only viable alternative is to increase the kernel market above the no loss level. This is our simple […]
Worldcashew.com Suggestion for July-August 2018 (1)
North Indian buyers are showing more interest in the July-August supply contracts in W320 but they are now asking for immediate delivery of W240 & Higher Grades. Despite rainy season, firm trend continues in pieces. Vietnam is facing severe shortage of raw cashew on account of over-investment. Brazilian enterprises are struggling with the Forex market. Indian […]
Steady Demand in Broken Grades
This week, North Indian buying interest in the wholes category is for forward contracts, especially for July-end or August contracts. However, premium Jumbo half is moving around ₹810+GST/kilo & premium Jumbo pieces around ₹750+GST/kilo in Goa-Mangalore. Wedding season will re-start after 14th July. Small-scale processors have no raw material stocks for Diwali but still not […]
Ramadan Consumption Lifts Wholes Market
Demand for W320 is around ₹810+GST/kilo & for W240 around₹860+GST/kilo in Goa-Mangalore. International prices are also increasing due to heavy consumption. Supply shortage and sellers resistance are the factors behind the sudden bullish rush.
Indian Consumption in Full Swing but Prices Steady
North Indian wholesalers may increase kernel prices during the peak Ramadan consumption period. At present, they are following the export market even there is a supply shortage in W320, W240, W400 and broken grades. According to some trade sources, Vietnamese enterprises are responsible for the steady trend in the Kernel market. — Vietnamese industry will process […]
Crisis in Raw Cashew Market
Raw cashew prices are falling in India and Vietnam. Cash crunch, unworkable situation and decreasing quality are the reasons for the collapse. The price of white raw cashew is ₹135/kilo but the color-dim quality 1s available around ₹125/kilo in India. Price of slight rain damaged quality is around ₹90/kilo in Vietnam but there is no bulk availability. Highly rain damaged nuts […]
Worldcashew.com Crop Report for May-June 2018
Vietnam’s last crop harvest seems to be totally rain damaged. Filling out-turn may be negligible in the region where the price is only ₹40/kilo. Enterprises may face problems in their June-July export obligations. Indian harvest may continue till the rainy season but the total loss may be 30-40% in the crop size and another 3-4% […]
Demand Reemerges in All Grades
Price of premium Jumbo Half in India is now around ₹8000+GST/10 kilo/Goa-Mangalore. W320 is selling around ₹780+GST/10 kilo and W240 around ₹8200+GST/same quantity. South Indian April festivals, wedding season, ice cream season and fall in workers attendance are the factors behind the sudden boom. Panic in the global market also seems to be over despite the rupee is […]
