Archive for the Cashew Category
Bullish Uproar in the Market
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 […]
No Selling Pressure in Kernel Market
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 […]
Strong trend in Wholes, Buyer-Seller Adjustments in Broken
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 […]
Where is Raw Cashew for Next 5 Months? Is There a Chance of at least 25% Rise in the Kernel Market?
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 […]
Consumption on Increase, Supply not Matching with the Demand
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 […]
Market Waiting for the Rainy Season to END.
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.
Rush for Raw Cashew
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 […]
Festive Demand in both Raw Cashew & Cashew Kernel
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 […]
Immediate Demand is for Broken Grades, Month-end Demand for Higher Grades
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 […]
Duty of ‘Bharat is to Enjoy Shining & Spread Shining’ (7)
Indians have a duty towards their Devas (Deities). Every year they celebrate the ‘Vinayaka’ and other festivals. Who is Vinayaka? Why Indians celebrate his birth or Avatar? The meaning of the name ‘Vinayaka’ is — ‘seperated from leader’. This meaning ‘symbolizes or denotes a leaderless system’. He is son of God. Jesus Christ is also […]
Onam & Vinayaka festive consumption satisfactory but only in broken grades
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 […]
Mostly Forward Demand for September-October
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.
W320 Above Rs700+GST/kilo/North India, Around Rs640+GST/Exporters buying!
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.
finally, Supply Shortage due to Partial Shutdowns in the Production Region
Price of W320 is Rs580+GST/kilo/without packing/immediate payment/buyers are local exporters. Price for the same is Rs650+GST/kilo/tin & box packing/30 days for the payment/North Indian buyers in Goa-Mangalore. Beninese raw cashew is in demand around Rs80+GST/kilo/27.25% cutting outturn.
No Festive Mood, Only Pessimism
Exporters buying rate for W320 is Rs550+GST/kilo/Goa-Mangalore. Their argument is that they have become completely helpless as Vietnamese selling rate is only Rs450/kilo in the international markets. There are buyers in North India around Rs630+GST/W320 but they are asking only premium grading, small quantity and above 45 days time for the payment. Beninese raw cashew […]