Archive for the Cashew Category
There is no down trend in the market but the rainy season is troubling the bull-run. Diwali new-year demand, Calendar new-year demand, Wedding & Winter season demand – even Corona virus may support the consumption.
Factory dry Maharashtra origin or Full dry plantation quality is not available below Rs120/kilo. Buyers are rushing to hoard as much as possible, just to continue the production till the arrival of the new season. They think that the Govt of Goa will increase the minimum support price when the new season arrives. A big […]
Shortage of raw cashew may be due to quality issues. 24% filling Indian origin raw cashew is not available below Rs110/kilo/190 counts. 20% filling Benin origin has buyers around Rs90/kilo/180 counts. This year, the Diwali festival dates are in mid-November. So the New-Year purchases will start immediately after Diwali. Market experts think that the best […]
Indian food industry now needs bulk quantity in splits & pieces. Premium Jumbo-Half (W180, W210 & W240 Splits) is trading around Rs650 + GST/kilo/Goa-Mangalore. Premium King-Piece known as the Jumbo-K is selling around Rs610+GST, under the same terms. There is no demand for the imported pieces because of the rejects & oily mix problem. Broken […]
Indians have a duty towards their Devas (Deities). Every year they celebrate the ‘Vinayaka’ and other festivals. Who is Vinayaka? Why Indians celebrate his birth or Avatar? The meaning of the name ‘Vinayaka’ is — ‘seperated from leader’. This meaning ‘symbolizes or denotes a leaderless system’. He is son of God. Jesus Christ is also […]
Wholes market is facing problems on account of sudden Rupee appreciation. Last minute sales for the Vinayaka festival was said to be mostly in splits & piece grades. Same trend is continuing during the Onam celebrations as both these festivals are known for the broken consumption. There is still Diwali demand for higher & mid-grade […]
No big increase in the retail consumption as flooding is continuing in the Mumbai-Rajasthan region. But buyers are insisting on September-end to October-end supply contracts. Raw cashew buyers are postponing their purchases to November, i.e when the peak Diwali season ends.
Whenever the festive demand starts in cashew, sellers try their best to control the price movement as well as payment terms. Even broken kernels are in demand! Nobody now believes in the import price of broken grades because of the quality issues. Indian food industry never wants rejection mix kernels.
Price of W320 is Rs580+GST/kilo/without packing/immediate payment/buyers are local exporters. Price for the same is Rs650+GST/kilo/tin & box packing/30 days for the payment/North Indian buyers in Goa-Mangalore. Beninese raw cashew is in demand around Rs80+GST/kilo/27.25% cutting outturn.
Exporters buying rate for W320 is Rs550+GST/kilo/Goa-Mangalore. Their argument is that they have become completely helpless as Vietnamese selling rate is only Rs450/kilo in the international markets. There are buyers in North India around Rs630+GST/W320 but they are asking only premium grading, small quantity and above 45 days time for the payment. Beninese raw cashew […]
Indian kernel market is still in a directionless state. There is no guarantee about the Vinayaka festive season. Both raw cashew and kernel buyers are in a wait & watch mode. Current export price for W320 is nothing but a tragedy to the entire cashew sector in the world!
Raw cashew processors & importers are facing severe cash flow problems in India. Kernel is moving only according to buyers’ demand and payment terms. Sellers are becoming totally voiceless in the Covid-19 lockdown era. West African raw cashew exporters have no other alternative except to go with the hitherto unknown strange situation. Most processors in […]
Selling price of 205 counts/kilo/semi-dry raw cashew is only Rs60/kilo in Maharashtra. But the 180 counts/kilo quality has buyers around Rs67/kilo. However, there is still demand for the 130 to 150 counts dry quality with the price range Rs78 to Rs90 per kilo. kernel market is waiting for the hotel and restaurant industry to open, […]
Domestic price of W320/kilo is around Rs650+GST/Goa-Mangalore. Local exporters are not getting adequate quantity as their buying rate is only Rs600+GST/kilo/without packing. Raw cashew market is struggling in Karnataka, Andhra, Tamil Nadu & Kerala because of the worst ever financial situation. Abundant raw cashew because of the delay in the arrival of East African 2020 […]
Price of raw cashew is above Rs80/kilo in Karnataka and around Rs95/kilo in Maharashtra. Traders are sending some quantity to Goa, where the minimum support price is Rs100/kilo. According to some press reports, the govt of Goa might soon increase the support price and the new price will be Rs125/kilo! W320 is trading around Rs650+GST/kilo/Goa-Mangalore. […]
Retail price of raw cashew is on increase in Vietnam & West Africa. Both large-scale as well as small-scale farmers are mostly in a wait & watch mode. The prices are above Rs60/kilo. We think that the price factor is not at all an important factor this year ———-‘CURRENCY MARKET may witness hitherto unknown volatility’———– […]