Archive for the Cashew Category
Wholes Under Pressure as Raw Cashew Harvest Beats All Estimates!
Vietnam’s April to May harvest is rain damaged. Indian crop size is said to be at least 20% less in white kernel terms as the damage is on both quantity and quality. Even then, the revised global estimate for the year is 43 lakh Tons. Massive increase is in West Africa & Cambodia.
Production, Distribution or Consumption — Result of Lockdown is Slowdown
Atmosphere for free trade or free movement is still negative due to COVID restrictions. But the situation is said to be slight better compared to last year’s lockdown. There is no fear factor in the market on account of the white nuts’ shortage. Demand for broken is once again improving as broken grades are essential […]
Such a damage happens in Raw Cashew once or twice in a decade!
Highly rain damaged raw cashew is now arriving in Kerala, Karnataka and adjoining districts of Andhra & Tamil Nadu. Whenever such a massive disaster happens, usually, international prices move up by 10 percent to 40 percent. Indian buyers like wait & watch mode, probably till the end of the lock-down-like situation. Grocery shops can sell […]
Kernel Consumption is on Increase but White Raw Cashew Shortage
Supply shortage in cashew kernel is due to shutdowns and lock downs in the production region. Groceries are available in the consumption region but the supply side has to cut production because of Covid related strict restrictions Mostly rain damaged raw cashew is available in the most important South-west region of India. White raw cashew […]
Sever Raw Cashew Shortage but Demand is for Broken & Lower Grade Kernels
Situation may change when the Ramadan consumption begins. South Indian New-Year festival is also approaching. Why forward sales when the April harvest is still a miserable failure in India?
Market Neglects Fiscal Year-end!
Raw cashew Market is facing farmers resistance. Undried raw cashew prices are around Rs105+GST in Kerala and South Interior Karnataka. 30% cutting quality is moving above Rs118+GST in Maharashtra. The Price for the ripe plantation variety is Rs125+GST in Goa and nearly Rs120+GST in Coastal Karnataka. First time in recent history, sellers are asking kernel […]
Ramadan month will begin from Monday, 12 April
The summer season is the ice cream season in India. This year, the month of Ramadan will fully support the summer consumption. Broken grade movement usually gains momentum during the summer but the Ramadan month is for all kind of broken, lower and mid-grade wholes.
Demand intact in broken grades, wholes market still optimistic about Tokyo Olympics
Tokyo Olympics will begin on 23 July, 2021 and ends on 8 August, 2021. Preparations are going on but everything depends on the Government of Japan. Anything can happen in the last moment. Summer season in India is approaching in the southern parts. Buyers are showing interest in long term supply contracts, especially in splits […]
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, […]
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 […]
‘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 […]
Sluggish Trend in North India, Local Exporters are the Main Buyers
Exporters’ buying rate for W240 is Rs.670+GST/kilo, for W320 Rs.625+GST/kilo, for W390 Rs.600+GST/kilo and for the W450 Rs.550+GST/kilo. North Indian buyers may give 5 to 10 percent more for the most premium quality but they are not showing much interest in bulk offers.