Archive for the Cashew Category
Even after the first week of the New Year, the Indian Wholes market was waiting for the world-wide holidays season to end. But because of the strong demand for broken grades, North Indian buyers are back in almost all grades. Smallest grade ‘BB’ which was available for 150+GST/kilo in December, is now moving around Rs350+GST/kilo/Premium […]
Very High Demand for Broken Grades due to Food Inflation and Huge Increase in the Packed Food Prices
W320 has buyers up to Rs720+GST/kilo/Goa-Mangalore but buyers are asking proportionate broken grades. The price of Double Jumbo Half ( W180 and W210 splits) is Rs700+GST and for the Premium Jumbo King Pieces ( Bigger than 1/4) Rs600+GST/Kilo. Increase in the price of DP pieces seems to be nearly 50% in December. However the small […]
Rs700/kilo means around $4.30/lb. But considering export incentives, this works out to about $4.10/lb in the international market. Exporters are facing Rupee appreciation problem. More rush is in the broken items. Wedding season 2021 is heading towards a new record because of the April-May lockdown. North Indian buyers are also looking for lower grade wholes. […]
The asking price for the 160/count/kilo/25% broken grades/ Tanzanian raw cashew is around Rs127+GST/kilo/Goa-Mangalore. Even the ‘200/count/kilo/35% broken grades’ quality is not available below Rs115+GST/kilo. SMALL-SCALE KERNEL BUYERS ARE VISITING ONE AFTER ONE FACTORY FOR MAKING LONG TERM CONTRACTS BUT SELLERS ARE SHOWING LITTLE OR NO INTEREST IN MEETING BUYERS! Most probably, kernel market is […]
Survival of the Fittest is the Mantra for the Existing Units but New Entrants are Smelling a Great Opportunity!
Around 40% of the Tanzanian New-crop is sold out. Mozambique determines the export quantity, only after they fully sanction their domestic requirements. Weather is the master in determining the remaining harvest in Indonesia! Raw cashew shortage is a great chance for hoarders. Market is in need of huge capital. Many new entrants will try to […]
Branded Vietnamese enterprises who sell W320 around $3.10 to $3.20 per Pound in the Chinese market are getting 3 to 6 percent surprise additions in their pocket on account of the continuing Yuan appreciation. This is happening from last 3 months under the Yuan to Dong payment term! Indian processors who sell in the domestic […]
Buyers are still asking bulk quantity in W320 and W240 but increase in production is not possible at this stage. If the trend continues, small scale gift-pack manufacturers will have to select W400 or SW or even Jumbo-Splits as substitutes. This year’s Diwali is not for cheaper broken grades as buyers suffered heavy losses during […]
Export demand is on rise because of increase in kernel consumption. Vietnam needs imported raw cashew for next 5 months and India needs Tanzanian or Indonesian supply even after the fiscal year-end. Large-scale units have no way left except 40-60 percent reduction in kernel production. But even this way seems to be not available for […]
End of South West Monsoon means revival in kernel demand. W320 has buyers around Rs720+GST/kilo/Goa-Mangalore. Almost all grades are in demand. In North India, Autumn is nothing but the beginning of the winter. Industry will go for a week long holiday for the Diwali by mid-November. ,,, Market may experience severe kernel shortage till the […]
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 […]
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.