Archive for the Cashew Category
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 […]
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 […]
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. […]
Custom Duty on raw cashew nut imports in India will come down to 2.5% from existing 5%. However, this proposal may not impact much as import from ‘Most Favored Nations’ is out side the purview of the import duty. Euro is on rise but weakening Dollar is the real worry of the market as kernel […]
Exporters buying rate for W320 is only ₹710+GST/kilo/without packing/Goa-Mangalore. Local suppliers are purchasing around ₹760+GST/kilo/with tin packing/Above 30 days for payment. Retailers are facing selling problems in the wholes category but the demand from stockists is on increase in the splits and pieces category.
Chinese and Middle-East buyers are competing for the Vietnamese and African broken grade kernels. Vietnam’s domestic consumption is also on increase. Difference between the Indian and the international price is now surprisingly same for each broken grade, considering all the export benefits. Very small quantity of premium W320 is trading around ₹800+GST/kilo in Goa-Mangalore. Buyers are […]
Resellers of imported raw cashew are trying to sell the Tanzanian 51 LBs/80kilo/raw cashew around Rs165/kilo as ‘profit booking through the inventory sale’ has become the strategy of the market. The price increase is said to be more than 8% in just 10 days. Indian calendars prohibit auspicious celebrations till Feb 4, 2018 and thereafter comes […]
Indian domestic price for W320 is ₹8100 – ₹8200/10 kg/ including GST/Goa-Mangalore but exporters get only ₹7600/including tax, interest and other benefits for the same quantity. Small-scale processors have enough local buyers but Large-scale is still depending on the global demand in the white wholes category. In the pieces group, Indians get 15 – 20 percent more when […]
W320 is moving around ₹8000/10 kilo tin/Including GST/Goa-Mangalore. Price of Tanzanian raw cashew has come down to $2200 Ton/50 Lbs out-tern per 80 kg/175 counts per kilo/Indian West Coast. Indian domestic consumption is on increase but production has come down in Kerala, Andhra and Orissa.
Panic selling is always a temporary phenomenon. Whenever such situation arises, cashew processors should reduce production to the demand level. Rumormongers mostly target newcomers and small-scale. Current raw cashew price is also not in the reach of the small-scale.
North Indian offers for W320 is around ₹750+GST/kilo/Goa-Mangalore as sellers are showing more and more interest in the domestic market. Indian buyers usually purchase almost all grades when the demand picks up. Nowadays, corporate and online retailers get some last minute orders during the Christmas and New-Year celebrations.
51 LBs/80 kg/200 counts per kilo/Tanzanian raw cashew is available around $2300/Ton/small & medium shipments/Cochin-Mangalore. South Indian local kernel market is for splits & pieces. There are sellers in W320 around Rs780+GST/KILO and buyers for Jumbo Splits (Splits of W240 & Higher Grades) around the same rate. Price of the White Jumbo Pieces grade (Bigger than […]
Price of 53 LBs/80 kg/190 counts per kilo/Tanzanian raw cashew is around $2400/Ton/small & medium shipments/Cochin-Mangalore. This year’s harvest in Tanzania is said to be better than last year but buyers are rushing for the first and second crop. Kernel buyers are also showing interest in only white quality kernels. East African crop-size may reach […]
After Diwali, the Indian cashew kernel usually follows global trends in the wholes category. But the pieces mostly move in accordance with domestic demand and supply. Even then, the consumption of W320 and W240 will increase during the Christmas and New-Year celebrations. Strong demand for lower grades may emerge during the mid-winter season.
Premium W320 is trading around ₹8000+GST/10 kilo tin/Goa-Mangalore. Exporters buying rate is only ₹7600+GST/without packing/ for the same quantity. There is no piled up kernel stock in India but the export f.o.b price for W320 is only $5.00/Pound/small & midsize contracts. Vietnam’s aggressive production is said to be the main reason but they may face […]
Indian cashew sector witnessed massive domestic sales in September and October. But according to the Industry estimate, the volume of sales from July 1, 2017, is at least 20% less compared to last year. Only July was worst to the cashew industry but the lost volume of July is certainly not a complete loss. The 20% […]