Archive for the Cashew Category
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 […]
Kernel Steady; Demand is for Small Quantity
Indian kernel market is still in a directionless state. There is no guarantee about the Vinayaka festive season. Both raw cashew and kernel buyers are in a wait & watch mode. Current export price for W320 is nothing but a tragedy to the entire cashew sector in the world!
Kernel dull on improved raw cashew arrivals
Raw cashew processors & importers are facing severe cash flow problems in India. Kernel is moving only according to buyers’ demand and payment terms. Sellers are becoming totally voiceless in the Covid-19 lockdown era. West African raw cashew exporters have no other alternative except to go with the hitherto unknown strange situation. Most processors in […]
Lockdown shatters in-shell-raw-cashew market in India
Selling price of 205 counts/kilo/semi-dry raw cashew is only Rs60/kilo in Maharashtra. But the 180 counts/kilo quality has buyers around Rs67/kilo. However, there is still demand for the 130 to 150 counts dry quality with the price range Rs78 to Rs90 per kilo. kernel market is waiting for the hotel and restaurant industry to open, […]
Private-Sector Processors are Running Away from Raw Cashew
Domestic price of W320/kilo is around Rs650+GST/Goa-Mangalore. Local exporters are not getting adequate quantity as their buying rate is only Rs600+GST/kilo/without packing. Raw cashew market is struggling in Karnataka, Andhra, Tamil Nadu & Kerala because of the worst ever financial situation. Abundant raw cashew because of the delay in the arrival of East African 2020 […]
Kernel improves even under lockdown but Raw Cashew moving on GOVT support.
Price of raw cashew is above Rs80/kilo in Karnataka and around Rs95/kilo in Maharashtra. Traders are sending some quantity to Goa, where the minimum support price is Rs100/kilo. According to some press reports, the govt of Goa might soon increase the support price and the new price will be Rs125/kilo! W320 is trading around Rs650+GST/kilo/Goa-Mangalore. […]
Raw cashew sellers not showing selling interest
Retail price of raw cashew is on increase in Vietnam & West Africa. Both large-scale as well as small-scale farmers are mostly in a wait & watch mode. The prices are above Rs60/kilo. We think that the price factor is not at all an important factor this year ———-‘CURRENCY MARKET may witness hitherto unknown volatility’———– […]
FY 2019-20 ended with a week long shutdown, FY 2020-21 entered bringing additional two weeks of shutdown with it!
Retail price of the raw cashew is Rs48 to Rs50/kilo in Vietnam & Cambodia. In the hilly regions of Vietnam, the average quality is available for Rs42 to Rs48/kilo! Vietnamese industry is in crisis because of the unreasonable export market. ‘Whatever is the raw cashew price, their kernel is selling below the cost price’! Prices […]
Lockdown on the commercial activity results in sudden collapse
The complete shutdown of the interstate transport means the partial shutdown of the kernel as well as the raw cashew market. Kernel sent to the transport office is returning back to the factory warehouse. Double bonanza for exporters! Their buying price is only Rs.550+GST/Kilo/W320 as there is no competition from any of the North Indian […]
Slowdown Ends in Indian Cashew Kernel
W320, W400, SSW and broken grades are in demand on account of the approaching Yugadi & other festivals. Price of W320 is Rs.660+GST, W400 is Rs.620+GST and broken grades are moving according to size color & quality. Whatever is the rate, nobody is showing interest in the rejection-mix imported pieces.
‘The show must go on’ even if raw cashew is facing both buyer resistance & seller resistance
Retail price of per kilo undried raw cashew is Rs.80-85 in Vietnam, Rs.85-95 in Cambodia and Rs.90-105 in India. Sellers are not showing interest in selling but they need urgent money to cover their expenses. Buyers are facing cash flow problems but they can not shut down their industry. Raj Kapoor’s unforgettable dialogue from the […]
Steady demand in India
Indians usually consume cashew wholes during the rainy & winter season and broken grades during the summer ice cream season. Cashew kernel is said to be helpful in maintaining the regular heat in the body and the Zink content of the cashew is said to be more helpful in fighting the Influenza like diseases. Therefore, […]
Only 5 months for the Olympics!
Border trade of food items is a necessity for both China and Vietnam. Trading activity in cashew kernel will certainly witness a major boom when the Chinese govt lifts Coronavirus related restrictions. Indian consumption is on increase because of the falling price but bulk buyers are placing orders mostly under April payment terms. What will […]
Uncertainty in Raw Cashew due to Heavy Arrivals from East Africa
Indian industry usually faces inventory shortage during the first two months of the calendar year. However, there is a change in the situation this year as the African 2019 harvest is still arriving/available in bulk quantity. February and March are not busy months but considered as the slack period in the Indian kernel market. Local exporters are supporting […]