Archive for the Cashew Category
Raw Nut Stocks Almost Empty, Supply Also Diminishing
In India, large scale cashew processors are trying their best to maintain weekly working days by reducing daily working hours. Bulk harvest may start in Kerala by March-end but in all other southern states, the big season will be in April-May period. Adequate supply from West Africa is mostly during the rainy season i.e., after […]
Tanzania Defeats Rumormongers in Raw Cashew
Sold quantity is 100,000 Ton! Considering the contracted quantity and the SH418 billion deal benefits of the seller, the final sale price seems to be above $1800/Ton. (However, this much price means it may be inclusive of taxes, warehouse charges and all other expenses) — THEN WHAT WILL BE THE IMPORT COST FOR INDIAN SMALL […]
Why W240 is not Available in Bulk Quantity?
Premium W240 market is now around ₹820+GST/kilo in Goa & Mangalore. Demand is for the ‘KUMBH MELA’ festival, which will start on Jan 15. 2019. Last day of the festival is March 4, 2019. WORLD WILL WITNESS THE LARGEST GATHERING OF PEOPLE DURING ALL THE IMPORTANT DATES OF THE FESTIVAL. This is not an annual […]
WORLDCASHEW.COM SUGGESTION FOR Q1, 2019
Indian exports to Iran was said to be around $5 billion/year when the previous agreement of partial Rupee trade was in force. But it came down to $2.5 billion/year when the mutual trade finally returned to Dollar terms. Current trade deficit with Iran is $8 billion. Under the new agreement, IRAN WILL UTILIZE 50% OF […]
Premium W320 Available Around ₹740+GST/Kilo/Goa-Mangalore
Some Hindu calendars prohibit auspicious celebrations for a month from today on-wards till January 14, 2019. However, well known exporters can sell around $4.35/LB/W320/Q1 Forward contracts/Emerging markets. New governor of the Reserve Bank of India is not showing any kind of a hurry in the Rupee appreciation. But the industry should be ready for a […]
Cashew Trade in Wait & Watch Mode in India
Winter is warmer than normal. Political situation is somewhat directionless after the recent state elections. Premium W320 is trading around ₹760+GST/Kilo/Small Quantity/ Goa-Mangalore. Those who need Tanzanian raw cashew are disappointed but have not lost their hope. They think that the nuts will arrive in January or February.
Tanzania has to Sell At Least Two Third of the Harvest
Some Tanzanian officials still believe that the crop-size is 10 to 33 percent down this year compared to last year. Farmers of the Sulawesi region of Indonesia also lost their last crop harvest due to heavy thunderstorms. However, Tanzanian industry can not process their complete harvest even if they open all the closed factories. — […]
Kernel Declines in the Indian Markets but Still It is $5.00/LB/ W320
Wholesale price of domestic/Guinea Bissau origin W320 is moving around ₹770+GST/kilo/Goa-Mangalore. However, the price is still roughly $5.00+GST/Pound because of the Rupee appreciation. Indian buyers are adjusting the local market around $5.00/LB/W320 TO SUPPORT THE DOMESTIC INDUSTRY. Indian wedding season will restart after December 8, 2018.
If Tanzania can Rise the Value of Cashew Trade Why can’t Vietnam? (2)
Price for premium W320 in India is ₹780+GST/kilo/Goa-Mangalore, i.e., $5/Pound. Even then, some Vietnamese enterprises are said to be asking immediate raw cashew supply from India. According to forex experts, the current trend of appreciation in the Indian currency will continue till the general elections. If the Rupee settles around 68/$, even the $5/Pound/F.O.B/W320 will […]
If Tanzania can Rise the Value of Cashew Trade Why can’t Vietnam? (1)
When Tanzania announced a minimum selling price for raw cashew, global kernel market also began its northward journey. According to some trade sources, Indian exporters have no selling interest even if the offers from emerging markets are said to be around $4.25/Pound/W320. North Indian buyers were asking only W320 and W240 grades during the last […]
WHY TANZANIA TOOK THE EXTREME STEP OF BANNING RAW CASHEW AUCTIONS?
Initially, experts from Africa predicted a crop size of 380000 Tons for Tanzania. But later the figure was brought down to around 300000 Tons. However, the government now says that the harvest size is less than 220000 Tons and the sales figure is 90000 Tons. So the remaining stocks will be around 120000 Tons. — […]
TANZANIA TO USE MILITARY TO BUY ALL THE RAW CASHEW!
According to press reports, the government of Tanzania will use military vehicles and warehouses to purchase the entire harvest. MOST PROBABLY, THE PRICE PER KILO IS AROUND $1430/TON. THEREAFTER THE BUYER HAS TO GIVE THE TRANSPORTATION COST AND WAREHOUSING CHARGES TO THE GOVERNMENT. GOVERNMENT MIGHT ALSO LEVY THE 15% EXPORT TAX. REPACKING, PORT DELIVERY AND […]
Where is Quality Raw Cashew for Next 5 Months?
Most probably, Tanzania will restart the raw cashew auction process from today. According to a press report, the final result of today’s auctions might available on Tuesday. Vietnamese officials think that they need around 300000 Ton raw cashew imports to run the industry till their harvest season. However, some experts think that the requirement is […]
Brisk Retail Sales in W240 & W320 but Holiday Mood in Raw Cashew
This year’s Diwali sales may or may not beat market expectations but Indian retailers are not getting the required supply in the W240 and W320 size grades. RAW CASHEW QUALITY IS RESPONSIBLE FOR THE SHORTAGE. If a processor laughs at his raw cashew purchases, singing – “W320 LESS RAW CASHEW! W240 LESS RAW CASHEW!” – […]
Tanzanian Raw Cashew Auction Needs More Buyers
Ease of doing business can attract more buyers to the auction. Entry of more buyers means huge competition. Therefore, Tanzania should make changes in the licensing regulations and should reduce security deposits. India is a country of innumerable small-scale processors. But their collective strength is not at all small. They get 20-25 percent more in […]
Sense of Urgency in Buyers Camp but Severe Scarcity in W320 & W240
Diwali demand, workers attendance shortage and white quality raw nut shortage are responsible for the ’empty stock situation’ in the W240 and W320 wholes/Goa-Mangalore. Finally, Tanzania has announced the most awaited marketing season. Most probably, from today! Indian small and medium scale buyers want the 52+/lb outturn nuts around $1700-1750/factory delivery (i.e. Auction rate+ tax, […]
