Archive for the Cashew Category
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+?….!
Consumption Remains Stable in Broken Grades Even After the Ramadan
Demand for premium Jumbo half is around ₹740+GST/Kilo/immediate delivery. Prices may be the same for the uniform size W320 but for the July-end delivery. Buyers are not showing any interest in reddish and brownish kernels.
Raw Cashew Situation – 2019
Vietnam has already processed most of the domestic crop as well as imports entering from neighboring countries. Indian harvest is still continuing in the central and eastern regions but the most important southern region is facing 40% crop loss. Tanzania is hunting for investors in the cashew sector. Indian buyers have a special liking for […]
Raw cashew surges in India as the price of premium W320 equals $4.80/Pound/June-July!
Resellers of the imported raw nut are selling Beninese in shell cashews around ₹105+Tax/27.25% cutting outturn/Goa-Mangalore. But the workout price is said to be ₹90+Tax /kilo. Forward demand for white grades is responsible for the situation. If the ‘Kumbha Mela’ could easily change the direction of the kernel market, what will happen during the Diwali […]
Firm Trend Continues in Splits & Pieces but June-end Demand for Wholes
Indian retailers are shouting for the urgent supply of broken grades but the production is not catching up with the immediate demand. Import of cashew kernel is now a risky business because of possible search & seizures. Forward price for premium W320 is around ₹740+GST/kilo/June-end to July-end/Goa-Mangalore.
Original Purchase Invoice If Declares the Goods as Cattle Feed & Subsequent Sale or Sales Change it as Cashew Kernel— ‘Document Shows the Crime’
If anybody is importing cashew pieces into India under the ‘cattle feed’ category will land in big trouble. Even those who have purchased such kernels for the retail sale may face criminal investigations/proceedings. Cattle Feed is always cattle feed. Nobody can make it fit for human consumption. If a shop owner purchases such a kernel […]
Indian Buyers Following Global Market Despite Strong Domestic demand
Wholes buyers from North India are still following the export market despite increasing retail demand. Most probably, artificial bearish psychology is responsible for the failure of bullish movements in 2019. It is not a single season but ‘many many seasons’ for the broken grades in South India.
(2) WORLD CASHEW.COM’S OPEN REQUEST TO VINACAS TO FIX MINIMUM EXPORT PRICE FOR W320
Whenever the supply side desires a massive turnover, the demand side moves to wait & watch. Vietnam’s $4 Billion export target has become a guarantee in the world of importers. This is a simple calculation about the profitability of the above export target:– — ₹20.60 crores loss to the Cashew Board of Kerala in a […]
(1) WORLD CASHEW.COM’S OPEN REQUEST TO VINACAS TO FIX MINIMUM EXPORT PRICE FOR W320
TOKYO OLYMPICS is scheduled to take place from 24 July 2020. Ramadan month will begin from tomorrow. Indian food packing industry may start Diwali purchases by June-end. Olympics always brings a golden opportunity for the entire cashew sector. The host country may start extra purchases from the Q1 of 2020. But the event is the […]
Will the F.O.B Kernel Market Breach $5.00/pound/W320 Before Q3? (2)
Things are now in the hands of the government of Vietnam. If the officials’ cancel the unreasonable export target and take a realistic view about the quality and quantity of available raw cashew, everything will change according to their wish and will. Profit is the prime motto of the business. If the government fixes a […]
Will the F.O.B Kernel Market Breach $5.00/pound/W320 Before Q3?
South Indian cashew harvest is facing failure after failure. One of the biggest disaster in recent times! Decade’s biggest loss! Eastern regions may not make up even 25% of the loss. If the crop loss is 40%, the total loss is nearly 50% on account of soil damaged nuts, animal cut nuts and tender nuts. […]
