Archive for the Cashew Category
Tanzania has to Sell At Least Two Third of the Harvest
Some Tanzanian officials still believe that the crop-size is 10 to 33 percent down this year compared to last year. Farmers of the Sulawesi region of Indonesia also lost their last crop harvest due to heavy thunderstorms. However, Tanzanian industry can not process their complete harvest even if they open all the closed factories. — […]
Kernel Declines in the Indian Markets but Still It is $5.00/LB/ W320
Wholesale price of domestic/Guinea Bissau origin W320 is moving around ₹770+GST/kilo/Goa-Mangalore. However, the price is still roughly $5.00+GST/Pound because of the Rupee appreciation. Indian buyers are adjusting the local market around $5.00/LB/W320 TO SUPPORT THE DOMESTIC INDUSTRY. Indian wedding season will restart after December 8, 2018.
If Tanzania can Rise the Value of Cashew Trade Why can’t Vietnam? (2)
Price for premium W320 in India is ₹780+GST/kilo/Goa-Mangalore, i.e., $5/Pound. Even then, some Vietnamese enterprises are said to be asking immediate raw cashew supply from India. According to forex experts, the current trend of appreciation in the Indian currency will continue till the general elections. If the Rupee settles around 68/$, even the $5/Pound/F.O.B/W320 will […]
If Tanzania can Rise the Value of Cashew Trade Why can’t Vietnam? (1)
When Tanzania announced a minimum selling price for raw cashew, global kernel market also began its northward journey. According to some trade sources, Indian exporters have no selling interest even if the offers from emerging markets are said to be around $4.25/Pound/W320. North Indian buyers were asking only W320 and W240 grades during the last […]
WHY TANZANIA TOOK THE EXTREME STEP OF BANNING RAW CASHEW AUCTIONS?
Initially, experts from Africa predicted a crop size of 380000 Tons for Tanzania. But later the figure was brought down to around 300000 Tons. However, the government now says that the harvest size is less than 220000 Tons and the sales figure is 90000 Tons. So the remaining stocks will be around 120000 Tons. — […]
TANZANIA TO USE MILITARY TO BUY ALL THE RAW CASHEW!
According to press reports, the government of Tanzania will use military vehicles and warehouses to purchase the entire harvest. MOST PROBABLY, THE PRICE PER KILO IS AROUND $1430/TON. THEREAFTER THE BUYER HAS TO GIVE THE TRANSPORTATION COST AND WAREHOUSING CHARGES TO THE GOVERNMENT. GOVERNMENT MIGHT ALSO LEVY THE 15% EXPORT TAX. REPACKING, PORT DELIVERY AND […]
Where is Quality Raw Cashew for Next 5 Months?
Most probably, Tanzania will restart the raw cashew auction process from today. According to a press report, the final result of today’s auctions might available on Tuesday. Vietnamese officials think that they need around 300000 Ton raw cashew imports to run the industry till their harvest season. However, some experts think that the requirement is […]
Brisk Retail Sales in W240 & W320 but Holiday Mood in Raw Cashew
This year’s Diwali sales may or may not beat market expectations but Indian retailers are not getting the required supply in the W240 and W320 size grades. RAW CASHEW QUALITY IS RESPONSIBLE FOR THE SHORTAGE. If a processor laughs at his raw cashew purchases, singing – “W320 LESS RAW CASHEW! W240 LESS RAW CASHEW!” – […]
Tanzanian Raw Cashew Auction Needs More Buyers
Ease of doing business can attract more buyers to the auction. Entry of more buyers means huge competition. Therefore, Tanzania should make changes in the licensing regulations and should reduce security deposits. India is a country of innumerable small-scale processors. But their collective strength is not at all small. They get 20-25 percent more in […]
Sense of Urgency in Buyers Camp but Severe Scarcity in W320 & W240
Diwali demand, workers attendance shortage and white quality raw nut shortage are responsible for the ’empty stock situation’ in the W240 and W320 wholes/Goa-Mangalore. Finally, Tanzania has announced the most awaited marketing season. Most probably, from today! Indian small and medium scale buyers want the 52+/lb outturn nuts around $1700-1750/factory delivery (i.e. Auction rate+ tax, […]
BOILING LESS PROCESSING IS THE MOST WANTED INVENTION IN THE CASHEW INDUSTRY
90% might not know the unbeatable taste of the un-boiled cashews but when scientists invent the way of boiler less processing in the industrial level, cashew will become the world leader of the craziest and costliest food items. Right now, large scale production is possible only after boiling.
NATURALLY PROCESSED KERNEL SELLS ABOVE $10/LB IN INDIA!
Current price for the Tanzanian origin W320 is around $5/lb in India. Indian buyers fix the price according to the taste and quality. But this is not the highest price! HIGHEST PRICE IS FOR THE UNBOILED PROCESSING SYSTEM AS BOILING ALWAYS REDUCES THE TASTE. THIS SYSTEM IS KNOWN AS HAND PROCESSING OR NATURAL PROCESSING. USUALLY, […]
QUALITY RAW CASHEW VANISHES FROM THE MARKET
A few days ago, asking rate of the Guinea-Bissau raw cashew was ‘₹128+GST/kilo/30% cutting outturn/180 Counts’. But now it is ₹138/kilo/Goa-Mangalore. Tanzania is responsible for the steep increase. A press release clearly says that the government of Tanzania will safeguard the interest of farmers — ” Tanzanian cashew nut is said to be the highest quality […]
BUYERS EAGER TO BUY TANZANIAN FIRST CROP BUT OFFICIALS RELUCTANT TO OFFERS
TANZANIAN RAW CASHEW WILL BE THE BEST AVAILABLE RAW CASHEW FOR THE NEXT 5 MONTHS. Those who are in a hurry, want to grab the first crop harvest around $1700-1750/Ton. BUT THE OFFICIALS ARE NOT SHOWING ANY KIND OF URGENCY. THEY ARE NOT ONLY SLOW IN THE AUCTION PLANNING, BUT THEIR INTENTION AISO DIFFERS FROM […]
History Shows Past Records : Cashew is the Beneficiary of Rupee Term Trade Between India and Russia & India and Iran
Barter trade like agreement will certainly benefit the Indian agro commodities. ‘Importers from India will pay in Rupees and the other party will use this Rupee amount to settle his/their purchases from India’. Export market for Rice, Tea, Sugar and Cashew may witness substantial increase. Only History has past records!
Kernel Rises Further as 5 States will Go for Election in November-December
Current demand for premium W320 in Goa-Mangalore is said to be around ₹840+GST/kilo. In India, spending always increases during the election time. Diwali demand, New-Year demand, approaching winter and state assembly elections are the factors behind the bull run. Entire nation may go to vote in April. i.e., during the domestic harvest season. — Another Diwali […]
