Archive for the Cashew Prices Category
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 […]
Raw Cashew Global Market will Collapse If Vietnam Rejects Hoarders who Create Artificial Scarcity
Retail price of rain damaged raw cashew is around ₹90 in Vietnam whereas the nut which loses 10% in weight when focused to 3 days sunshine is trading above ₹130 in Kerala. Strategy of the Vietnamese industry is to increase global consumption. This year, they may stop purchases from big holders especially from speculators who rule the African […]
Raw Cashew Bearish but Still Unworkable
Raw cashew price in Kerala is now around ₹140+GST/KILO. Even then the industry needs $5.5/Pound/W320 as a reasonable price. A market correction is possible only through a middle way. Further 10% decrease in the raw cashew along with a 10% increase in the kernel value may bring a market correction.
Why Raw Cashew Becomes Rain Damaged in Kerala ?
Nowadays, just one or two showers are enough to spoil the raw cashew in the Kerala state of India. Nuts from Kerala need 3 days of proper sunshine to remove the extra water content. 100 kilo becomes 90 kilo when it becomes full dry. Filling out-turn also falls below 24%. But in Andhra, Orissa, Maharashtra, […]
Raw Cashew Price, Abnormal Moisture and Unsold Stocks are the Market Worries
The per kilo price of undried raw cashew in Kerala is ₹145 + GST whereas Vietnamese farmers are happy with the retail price of ₹115/kilo. Raw cashew moisture percentage is now nearly 10% in Kerala which is another big problem of the local industry. But the carry forward unsold kernel stocks from March-end to the new financial […]
Domestic Raw Cashew Price is the Main Advantage to Vietnam
Raw cashew price in Vietnam is around ₹110-115/kilo for the undried and ₹125-130 for the dry 25% filling out-turn plantation nuts. This is the big difference between India and Vietnam. Wages difference is now only 10%. There is a slight rise in the F.O.B Kernel market but the big increase is possible only after Vietnamese processors exhaust […]
Depression brings Rain in the Indian Cashew Belt
This week witnessed heavy to very heavy thunderstorms in the southern and south-western cashew belt of India. This kind of rain with strong wind will certainly benefit the next flowering despite there is no immediate impact in the daily arrivals. The industry should be ready with adequate funds for the procurement of massive second crop […]
No Speed in the Indian New Crop Arrivals
Buying interest in the Indian domestic kernel market is only for the April onward contracts. But West African raw cashew trade is flourishing with Indian buyers. Ivorian raw cashew is moving around $1950/Ton/180 counts per kilo/April shipments/West Coast. Demand for the Benin origin is still above $2100/Ton/170 counts per kilo. Only agro scientists can explain […]
What Happens to the Cashew Sector If Vietnam Strictly Enforces Import Quota?
At present, Vietnamese initiative to control the import price of global raw cashew has no takers in India. According to some trade sources, the first goal of a cashew factory is to reach a safe stock level. India needs huge imports at this stage as the summer holiday season is fast approaching. Ramadan month will […]
Govt of Vietnam May Control Raw Cashew Import Price
Temporarily, Vietnamese enterprises can make import contracts only if the price is below $1800/Ton. This enforcement will remain for 15 days. Another official announcement may come after the said 15 days period. At present, Indian first crop harvest is facing very slow arrivals. So dependence is more on immediate shipments. If world’s largest importer fixes maximum […]
Worldcashew.com Crop Report for March-April 2018 (3)
Harvest 2018 is available for importers in Nigeria and Benin. Traders are getting better than expected returns because of the early arrival of the cashew season. But current weather conditions are not highly favorable for the next crop. Even then the harvest may show some improvements, considering this year’s first crop. Ivory Coast expects only […]
World Cashew.com Crop Report for March-April 2018 (2)
Both India and Vietnam faced cloudy weather during the initial flowering period. But weather favored Vietnam with some heavy showers in the entire cashew belt. Heavy rain provides the necessary water to the tree and destroys the bacterias, which grow in strength when the climate becomes cloudy. Indian cashew area received only light drizzles which helped […]
Worldcashew.com Crop Report for March-April 2018 (1)
Indian cashew growers are disappointed by the delay in the first crop harvest. Trees look charmless with mostly damaged flowers and negligible tender nuts. But whenever the first crop fails, the second crop of April becomes bumper or there comes a rain-damaged 3rd crop harvest in May. Even then, this year’s crop size may not […]
CNSL and Shells in the Limelight, Pieces Steady, Wholes Weak
Strong demand is emerging in the Cashew Nut Shell Liquid as prices of both edible and non-edible oil are now out of reach of the Indian small scale paint and allied industry. Shell cake is also increasing in accordance with the domestic fuel & fire wood price rise. Splits and pieces market is witnessing a […]
Cashew is Suffering from Over Investment
Government of India fully supported the cashew industry by fixing only 5% GST. There is no interstate tax in the GST regime nor VAT like separate state level additions. Interest rate has also comedown. Even then, the industry is collapsing on account of over investment. Available raw material fulfills only 50% of the installed capacity […]
Strong Uppish Trend in Kernel
Trading activity is increasing in the Indian cashew kernel as 47 days of a shut-down period in the Hindu wedding season will end today. February and March are usually not good months for cashew kernel but the recommence of the auspicious season is after a long wait. Consumption will increase during the Karnataka state elections. […]
