Archive for the Cashew Category
Kernel Demand may Continue Till the New Year
Indian importers are eagerly waiting for the Tanzanian new crop. They have no interest in the April-May inventory stocks. Few warehouses contain only labour-cost raw cashews, which are already heading towards the expiry date. Whatever is the price, Indian consumer now asks for the quality. So, the kernel supply is not catching up with the […]
Indian Market is $5.25/LB/Super White 320, Then What is the Price for Dogfood320?
Some cashew nuts contain a different peculiar oil which is not fit for human consumption. Usually, processors dispose these kind of nuts and brown nuts as poultry or cattle feed. Lankan presidents tirade is against such reject cashew nuts, served to him on a flight. According to him, the nuts supplied to him were not […]
š„White Kernel Shortage, White Raw Cashew Shortageš¤
Forward demand for ‘Premium W320’ is said to be aroundĀ ā¹8300+GST/10 Kilo Tin/Goa-Mangalore/September-end delivery. LWP and SWP grades are not available in bulk quantity. Production has come down because ofĀ workers attendance shortage and workable raw cashew shortage.
šš»A Sweet Called Kaju Katli is Emerging as Diwali Sweetš
Indians eat variety of sweets. Nowadays, there is a significant shift from traditional items to modern diversification. Kaju Katli, also called as Kaju Barfi has become the No.1 sweet in India. Dry Fruits’ pack containing cashew is the most preferred gift pack during the Diwali festivals. Among sweet boxes, Kaju Katli is the King. Food […]
š Cashew Kernel Has Become Indian Food with Nearly 40% of Global Consumptionš¹
Current Internal consumption in India is said to be 300000 Tons. If we add another 20000 tons on behalf ofĀ ‘Indians abroad’, the figure becomes 320000 tons. i.e, 38-42 percent of the world production! Diwali season is a three month long season for the Indian cashew sector. According to some industry sources, around 50% of […]
Diwali Rush in Wholesale Cashew Kernel
North Indian buyers are showing interest in both spot and forward contracts in cashew kernel. Wholesale buyers and their agents are readily accepting two months supply contracts around ā¹810+GST/Kilo/W320 in Goa and Mangalore. Some buyers are even luring sellers through advance payments. The most famous sweet called ‘Kaju Katli’ contains 60-75 percent piece grades. So […]
Raw Cashew Changes Direction on Sellers’ Resistance
According to market rumours, growers laugh at the price offered by local buyers in the Flores region of Indonesia. Even if the Indonesian harvest reaches one lakh ton, the major shipments will reach India only after September. Indian buyers never get bulk or large scale supply of the Indonesian origin Kernels for the Diwali season. […]
Which is Better – Default from Kernel Exporters, Dgrade Mixed Kernels or A Reasonable Price for All ?
If the per pound price of W320 is $5 and the exchange rate isĀ ā¹69.6/$, it becomesĀ ā¹348 in rupee terms. 1.e,Ā ā¹767/kilo. If we add 5% as export benefits, the final realization comes to ā¹805/kilo/excluding GST. Current Indian market isĀ ā¹800-810 kilo/excluding GST for the Indian, Benin and Tanzanian origin W320. So the Indian local market for uniform […]
Real Intention of Bearish Rumor Mongers is to Prevent Trade Defaults
Onset of festive season in India and Chinese vigilance on cross-border trade in almond and pistachios might cause some exporters to default contracts in cashew kernel. Vietnam’s export to EU and USA is on decline due to growing Chinese demand. Earlier almonds, pistachios and cashew would flow without import duty in small vehicles across Vietnam […]
Rumor Mongers in Raw Cashew Always Fail When Farmers Get Govt Support in Goa and Kerala
Raw cashew price is a big political issue in Kerala. If required, the state government will definitely give budgetary support to ensure a minimum price. Cashew is known as Goa Nut in the coastal region of India. So the government of Goa will give more and more subsidy to its prestigious crop, whenever there is […]
Soon India may Face Severe Raw Cashew Shortage as Guinea Bissau Sells Entire Stocks to Vietnam
According to reports, there is now no unsold raw cashew stock pile in Guinea Bissau.Ā ENTIRE HARVEST SOLD OUT!Ā IT IS A CONTRACT SUPPORTED BY THE AUTHORITIES OF VIETNAM AND THE GOVERNMENTĀ OF GUINEA BISSAU. Indian domestic market works out to $5.00/pound. However, the quality determines the price in this market. Who will supply the domestic […]
Who is Responsible for the Ruin of Cashew Industry?
Over investment in the manufacturing sector is always bad. It results in abnormal rise in the raw material price and a crash in the finished product. Both India and Vietnam are facing the problem of over investment, over production and over supply. Worst time for the cashew industry is usually January-end to March-end. Sometimes the […]
India’s Internal Market for W320/Pound is $5+Amount Equal to All the Export Benefits !
Buyers’ first preference is the kernel which they can preserve even after Diwali. Therefore Goa, Maharashtra and Coastal Karnataka origin W320 has buyers around ā¹810+GST/KILO as these kernels are strong, solid and stable. Next preference is for Benin kernels with ā¹800+GST/KILO. Even if Sellers get $5/LB for W320 in the export market, they will not […]
Vietnam Should Control Import Dependancy in Exports
Why raw cashew should come to Vietnam or India for processing? Countries like Tanzania and Guinea Bissau have the advantage of quality local nuts and they are now attracting huge foreign investments in the processing field. 1) Labour cost is cheapest in Africa.Ā 2) Out-turn and grading quality diminishes during the 40-60 days of transit […]
Production Cut Leads to Recovery in Kernel Market but Raw Cashew Down
Buying interest in W320 is now around ā¹780+GST/Kilo/Goa-Mangalore. Complete halt of production in the Palasa region has resulted in supply shortage. However, there is no such enthusiasm inĀ the inventory side. Raw cashew buyers are not satisfied with the filling yield of imported nuts, especially of Ivory Coast and Burkina Faso. Despite Guinea Bissau is known […]
Demand Favors Indian Cashew
This year, the price gap between “Make in India” origin and other origins may widen. Vietnamese farmers were not prepared for the rain damaged last crop harvest and the industry was also slow in the import of West African first and mid-crop harvest. Although Indian procurement is still not adequate for the great Diwali demand, […]
