Archive for the Cashew Category
Impressive New Year Sales in South India
South Indian states have the real market for broken grades. Season starts in these states during the state level New-Year festivals. Consumption is also on increase because of the wedding season, holidays season and ice cream season. Most probably, about four-fold demand for splits and pieces! The current price of Jumbo half is ₹740+GST (W180, […]
IS IT THE ABRUPT END TO THE INDIAN HARVEST 2019?
No, the last crop harvest is still in its flowering stage in the most important southern region. Rich farmers of the western region are not collecting the fallen nuts because of the unworkable price. They collect the nuts only once in a week or fortnight. During the collection, they even cut most tender nuts to […]
Impact of Raw Nut Ends; Now Consumption Season
Kernel market was dull at the beginning of the week despite consumption is on increase in splits, pieces and higher grades. Steep fall in the West African raw cashew is the only reason behind the decline. Current news is that the cheaper offers are ‘weather damaged or the mixture of old nuts.’ WORST SITUATION FOR […]
Lack of Enthusiasm for Raw Cashew
Indian farmers are in a wait & watch mode as prices are unworkable to them. Most farmers have stopped the daily collection of fallen nuts. When they visit farms, they even cut tender nuts to avoid frequent visits. The result is lower filling out-turn. Processors are facing huge losses because of the kernel market and […]
Raw Cashew Plunges as Tanzania Offers All the Unsold Stocks
Raw cashew falls below ₹100/kilo in most parts of Karnataka, below ₹105/kilo/7.5% removable moisture/175 counts/Kerala and ₹110/kilo/Single Dry/180 counts/Maharashtra. Tanzania wasted 8-9 weeks on an uncertain sale which was signed in the last week of January. The contract was made without ascertaining the creditworthiness or capacity of the buyer. Indian last crop looks bumper but […]
Where is Raw Cashew? Where is Kernel? — Search Begins.
Buyers are visiting factories in Goa-Mangalore for long term contracts in cashew kernel but factory owners are travelling in Kerala and Maharashtra to find raw cashew nuts. April Fool Comment : If nuts are not available in bulk quantity, images can be downloaded from search engines like google.com, bing.com and yahoo.com. ‘ What ever quantity, […]
FLAVOR WILL DECIDE THE APRIL MARKET
Those who processed the high seas damaged & West African rain damaged nuts are the main sellers in this year’s FYE month, i.e, March 2019. Quality is the reason behind the 5-10 percent stock clearance discounts. However, North Indian buyers supported branded suppliers, who always process better quality raw nuts. This year, they had to […]
Competition Begins in Raw Cashew, No Sellers in Kernel
Quality of New-Crop has improved in Kerala, South Interior Kernataka and sorrounding regions. Out-turn, color, size and grade wise deterioration usually starts from the 3rd or 4th week of April when the last crop harvest begins. Therefore raw nut buyers are trying to grab the mid-crop harvest which is the best. Kernel sellers are withdrawing […]
From Binh Phuoc-Kollam-Goa-Mangalore, The Future of Cashew is Moving towards North Eastern Region of India
At present, the production cost up to tin filling is said to be below ₹12/kilo in Assam, Meghalaya, WestBengal, Eastern UP and Bihar. Per capita income in these states is only one-third of the average of Kerala, Goa and Karnataka! Complete mechanization is still not an answer to this problem;It needs extra investment, additional interest […]
Export Price Increases, This Year’s FYE Time is for Speculators in India
When the demand for higher grades like W180, W210 and W240 becomes unstoppable even during the FYE month, it is a clear hint about the future of W320, splits and pieces. Speculators always want easy money. But profiteering should not cross a limit. If someone is sending fake reports about their purchases or sales through […]
Higher Grades & Raw Cashew Shortage During the Fiscal-end! Hoarders in Action
HIGHER GRADES SHORTAGE IN MARCH IS A RARE SCENARIO. SO HOARDERS ARE TRYING TO GRAB EACH & EVERY GRADE FROM SELLERS WHO GIVE 5-10 percent CASH DISCOUNTS. THEY THINK THAT THEY CAN MAKE HUGE MONEY DURING THE APRIL SUMMER HOLIDAYS OR DURING THE RAMADAN FAST. PRICE OF PREMIUM W320 IS STILL ₹740+GST/Kilo/April-end Payments/GOA-MANGALORE. BUT FOR […]
Demand Steady, Prices Down
Immediately after the Delhi summit, some North Indian buyers and brokers tried their best to increase the Premium W320 prices towards ₹800+GST/Kilo. But when the sellers mentality itself is negative, nobody can save them from self destrucion. Their pessimism defeated a realistic approach. Time is also the fiscal year-end time. What is Self-Destruction in the […]
Acute Shortage in W240 : Indian first crop failure is both in terms of quantity & quality
New-crop cutting outturn is said to be 29% in Goa, just above 28% in the Ratnagiri region of Maharashtra, 28% in North Kerala and below 28% in the coastal belt of Karnataka. Nuts are also smaller as they fall before ripening. So, small size nuts are now available in Kerala and Karnataka around ₹110/kilo/7%removable moisture/180 […]
Farmers’ Resistance in India
Farmers are not bringing cashew to the market in the most important states like Kerala, Goa and Karnataka. Retail price/kilo in Goa is above ₹130 (Removable moisture 3-4%), around ₹130 in Maharashtra (Removable moisture 3-4%), and upto ₹125 in Kerala (Removable Moisture 7%, Count 170/kilo) South Indian ‘First- crop Harvest’ seems to be a big […]
Kernel Declines as Uncertainty Grips African Raw Cashew
There is no weakness in the W240 grade. But W320 is once again available around ₹740+GST/kilo/Goa-Mangalore. Grades like Jumbo Half and Jumbo Pieces (2/3 size of a Jumbo Split) are also back to last week’s level. In India, farmers have no interest in selling their daily harvest due to the failure of the 1st crop.
Forward Demand Collapses in Raw Cashew
West African new crop is in its flowering and tender nuts’ stage. There are buyers for the First Crop or immediate March shipments from West Africa as April-end to June-end shipments will reach India mostly during the rainy season. When the situation is ‘TIGHT MONEY ‘, Wait & watch should be the strategy till the […]
