Archive for the Cashew Category
Is it the Price Competition Between ‘old crop kernel vs new crop kernel’?
Those who have postponed their export contracts to November-December are facing problems in collecting the required quantity of W240, W320 & W450 grades. Small scale processors are rejecting their purchase offers as they are getting below ten percent of the outturn as W320 & only six to seven percent of the outturn as W240. North […]
Only 8 months for the Olympics!
Kernel market is facing quality-related issues. Tanzanian New-Crop raw cashew is available around $1700/Ton/Mangalore port. North Indian winter demand may pick up after the first week of December, i.e for the Tanzanian New-Crop kernel. Global buyers can select the New-Crop taste by offering a reasonable price or anything in the name of cashew by continuing […]
Downtrend in Tasteless Broken Grades
Indian food industry needs tasty kernel. When the available raw cashew is mostly old or rain-damaged during the last crop harvest, then the processed broken grades are not suited for the premium sweet items. Wholes market is steady as the content of ‘white & semi-white wholes’ is only 30-40 percent in such raw nuts! White […]
All Grades are in Demand Except W180 & W210
Exporters are showing interest in W240 & S240 grades but Indian buyers are trying to accumulate all mid-size wholes & broken grades. Raw cashew situation may improve when the Tanzanian New-crop arrives in full scale. As of now, the available raw cashew contains nearly 50% lower grades or around 225 counts per kilo.
W400 around Rs680+GST, W320 around Rs720+GST W240 around Rs800+GST.
No need for Diwali like premium grading! Quality should be according to the region-wise demand. Available raw cashew in the Goa-Mangalore belt is mostly West African last crop or weather damaged during the sea transit. —— So taste matters.
Impact of Changes in the Import Duty: Hoarders Rush is in Broken & Lower Grades
Import of BB, SWP, LWP, etc costs more than Rs1000/kilo! long-awaited Season has arrived for broken & lower grades. Import has become almost impossible. Buyers are asking long term supply contracts in W400, SSW, Jumbo Splits, Jumbo pieces LWP & SWP. Anything can happen in the market when more & more buyers try to seize the […]
World is Waiting for the Taste of the Tanzanian New-Crop
According to press reports, Tanzania has already exported 213000 tonnes from their ‘harvest 2018 raw cashew stockpile’ and they are looking for buyers for the remaining 4000 tonnes. This news will certainly boost confidence in the market. Always seller is the winner when more and more players from the buyers’ side start decisive bidding in […]
Kernel Improves, Raw Cashew Buyers in Confusion
The Current demand for the usual good quality W320 is around Rs720+GST/Kilo/Goa-Mangalore. Buyers are not asking the ‘Diwali like premium grading‘ but they are selecting tasty nuts. Big Jumbo half (W180 & W210 splits) is moving up to Rs725+GST/Kilo and usual Jumbo half has buyers around Rs700+GST/Kilo. Price for the superior Jumbo Piece is 680+GST/Kilo […]
Diwali expenses on firecrackers may be down by 30% but spending increased in food & other items
India’s greatest festive season is over setting a buoyant mood in the domestic cashew industry. Spending on firecrackers down means other items in the Diwali festive budget got some extra allocations. One of the best taste is entering the market, most probably from tomorrow! from Tanzania!
W320 falls to Rs700+GST/kilo/immediate but up to Rs720+GST/kilo/November 2nd week
Holiday mood may continue till the month-end but the great winter demand for cashew is on its way. cashew is both the food and the medicine for the cold weather. Nowadays, winter is said to be the second-highest consumption period in India. Most probably, the Ramadan consumption has slipped to third place after the demonetization. […]
Holiday mood halts both demand & supply
Many factories have announced 10 days of Diwali holidays, starting from Monday, 21st October. But processors who supply branded kernel are giving only one week’s holiday, starting from Wednesday or Thursday. Sellers asking rate for the 30% cutting outturn white raw cashew is Rs 138+GST/kilo/Factory dry/Size below 180 counts.
Massive demand but kernel supply from eastern region declines due to raw cashew shortage
In India, severe raw cashew shortage is in the eastern region. The western region may also face a similar situation from the first week of November. Resellers of the imported raw cashew are grabbing every chance with around 20 – 30 percent profit margin.
Mixed trends in raw cashew
The current price of the 175 counts/kilo Beninese raw cashew is Rs 115+GST/kilo if the filling outturn is above 21%/excluding oily nuts. If the outturn is 20%/excluding oily then the price is Rs 105+GST/kilo in Goa-Mangalore. However, the 190+ counts/kilo/which includes 10% Reddish & 5% oily kernel, is available around Rs 95+GST/Kilo/Benin origin, even if […]
Is the Premium brand W320 moving towards Rs1000/kilo/wholesale?
Election extravaganza during the Diwali festival is the current scenario in Mumbai & the entire Maharashtra state. Election activity of the Haryana state to give a boost to the most important Delhi market. Vietnam is facing the raw cashew shortage. Indian industry is facing the workers’ attendance problem. Side markets and emerging markets are looking […]
Yesterday was temporarily for the bear but today is once again for the bull run
Nobody can bring the kernel market down when the market is facing the ‘Diwali season scarcity’. That’s why the prices bounced back, bounced back in W240 & W320. According to some trade sources, bearish rumor kings are trying a collapse in the in-shell raw cashew market. Their target for raw cashew is Rupees seventy to […]
The best Diwali season! ….’Where is the final peak?’
Main celebration day of the Diwali 2019 is October 28. In some regions, this day will be celebrated on October 27. Diwali 2019 concludes on October 29. Is the Premium brand W320 moving towards Rs1000/kilo/wholesale/during the peak demand/at least including GST? Growth of cashew is not inside the fruit; it grows outside the fruit! Complete […]