Archive for the Cashew Category
Festive demand is in gold & food products, not in real estate & automobiles
Retail sale is on increase in fruits, dry fruits and packed food items. but buyers from the middle-class group are temporarily postponing car and automobile purchases. Investors are spending money in the bullion market but the real estate sector is witnessing more & more sellers.
Monsoon fury over, Buyers back in Kernel Market
Premium W320 is once again trading around ₹760+GST/kilo/August last week/Goa-Mangalore. Buyers are trying hard to obtain September-October forward deals in W240, W320, Splits and all most all broken grades. But sellers are rejecting those buyers who purchase only middle or higher grades. Resellers of imported raw cashew are in a wait & watch mode. They […]
About 65% of Tanzanian New-Crop will also Move to Vietnam!
The Vietnamese group which signed the deal with Tanzania to purchase 176000 tons/rawcashew/2018harvest, will also purchase 200000 tons/2019New-crop. Most probably, remaining 100000/tons (approximate) will be shared between domestic and Indian buyers. Indian processors will face raw cashew shortage from November onwards.
Vietnamese Press Confirms Raw Cashew Deal with Tanzania
Vietnamese processers need not worry about raw cashew for September-October as Tanzania has agreed to supply 176000 tons of warehoused stocks to a big Vietnamese group. Tanzanian authorities have not yet confirmed the sale but rumors were flowing from last one week.
Surprising fall in BB outturn! Imported BB may cost nearly ₹900/kilo or even above ₹1100/kilo when it reaches the retailer!
The yield of W320 and W240 are comparatively less in this year’s imports but BB is said to be lowest in the Indian origin nuts. According to some experts, filling yield in the broken category is less by 5 to 10 percent but the production of the BB grade is down by 20 to 40 […]
Just 3 months for the first day of the Diwali festival; Only 12 months for the Olympics
Shravana month of the Hindu Lunar calendar will mostly begin on August 2, 2019. More than 50% of the Indian consumption is said to be during the Diwali festive season! Indians consume nearly 40% of the global cashew production.
State wise statistics about the Indian harvest 2019 still not available
Slow progress in the monsoon was somewhat helpful to the Indian cashew harvest till the 3rd week of June. Even then, the harvest shortfall in the south-west region may be above 30%. The crop-size is said to be nearly normal in the northern and north-east regions on account of year on year increase in the […]
Raw cashew falls on abnormal percentage of lower grades
Price of the Beninese origin raw cashew is ₹90/kilo/21.5% filling outturn/Goa-Mangalore. However, the Ivorian raw cashew is available around ₹85/kilo/22% filling outturn. Percentage of SSW, RW, DW and dotted grades are said to be above normal this year but W320 and W240 grades are scarce grades.
Kernel steady, selling pressure in shell oil
Cashew nut shell liquid is struggling but kernel market is waiting for the ‘Shravana Month’ of the Indian calendar, i.e August 2, 2019 Indian auspicious season always begins with the first day of the Shravana month.
India increases tariff rate on cashew kernel
The earlier tariff rate was 45% on cashew kernel. According to available press reports, It has been increased to 70% under today’s budget. Minimum price system for the duty calculation will continue as it is.
Premium W320 for August ₹7600+GST/kilo, i.e $5.00+GST/lb!
Shortage in the Indian harvest is impacting count wholes. Filling percentage of W240 and W320 are said to be much less in the imported nuts, compared with the Indian new-crop. Indian importers are searching in the West African region for whatever available in the name of in-shell raw cashew. Just 4 months for the first […]
Cashew consumption is 320000/Tons in India?
If the yearly crop size of cashew is 800000 tons in India, the average of 24% equals 192000 tons on the kernel basis. (Filling outturn is nearly 25% in Goa-Maharashtra but the national average is around 24%) If the import is 900000 tons a year, the kernel out turn from this much quantity should be […]
When the need arises, raw cashew exporting nations can fix a minimum export price
When the raw material importing country publishes articles on its official website in support of maintaining W320/lb around $3.30 to $3.50, the raw material exporting country should take necessary measures to save its farmers and traders from the disaster. Compelling a minimum export price with conditions may help in the short run but the long […]
Government of India’s step of increase in the import price minimum is not against Vietnam
India and Vietnam are always friendly nations. Both are members of WTO. A Vietnamese trader can easily import unprocessed cashew inventory from India. However, Indians cannot open a raw cashew purchase centre in Vietnam or in Cambodia for the purpose of exporting the unprocessed nuts to India. If this happens, Vietnamese farmers will get 20 […]
Can Ivory Coast Make Uninterrupted Supply for Next 5-6 Months?
Who will make the uninterrupted supply of raw cashew for the next 5-6 months? No other country except Ivory Coast has adequate stocks to meet the global demand. Tanzanian situation is still uncertain. Even the Ivorian crop size is not up to earlier expectations. Farmers usually neglect the harvest whenever prices become unworkable to them. […]
Govt of India Increases Minimum Import Price for Cashew Kernel
Minimum import price for the broken cashew is now ₹680/kg & for the whole cashew kernel ₹720/kg. — The increase is for the duty calculation purpose. — Massive increase! Import duty for a kilo BB is now ₹300+?….!
