Archive for the Cashew Category
Pieces Market Trying to Cross W320 as Buyers Not Happy with Cheaper Almonds
Big fall in the almonds market is not a hundred percent reality. Cheaper imports are now facing consumer resistance. Premium Jumbo split, mostly the W180 & W210 split grade has buyers around Rs720 + GST/Kilo/Goa-Mangalore. Premium King Piece, especially bigger than the 4 Piece grade has demand around Rs710 + GST. Best SWP & DP […]
Fantastic Festive Demand Drives Raw Cashew Ahead
Above 20% GDP growth in the latest quarter means the boom will continue even after the Diwali season. Consumption is on peak, production is on peak but where is adequate raw cashew for processing? Price for the 20% filling Beninese raw cashew is above Rs110/kilo in Goa-Mangalore & for the 21% filling IVC origin, the […]
Buyers Insist More Than 30% Broken grades in Offers
Prices steady in wholes but the bulk demand is for broken. Some buyers insist 30% broken in their buying list but non regular buyers ask nearly 50% broken grades. Festive demand in the wholesale wholes market may remain for the next 4 to 5 weeks but the demand for broken may remain till the last […]
All round Improvement in Demand but Bulk Demand is for Broken Grades
Asking rate for premium SWP is Rs600/kilo/inclusive of GST & even the DP is moving around the same rate. Price for W320 is up to Rs740+GST/kilo & for the W240, Rs40 more. Buyers are asking almost each and every grade.
Broken Supply Restarts from Kerala as Onam Festival Ends
Market has started to move towards wait & watch mode in the broken grades, immediately after the conclusion of the Onam holidays. Prices are falling in almonds also. Wholes witnessing a steady trend in higher grades but slowdown is in the lower grade varieties.
No Impact of Almonds Market on Cashew
Price increase is nearly 100% in almonds but bulk demand is only for LWP, SWP, SP, and Jumbo broken grades in cashew kernel. Raw cashew sellers are waiting for the September demand. However, Indian small scale processors are not showing much interest in the raw cashew.
Broken Percentage is Below Average in Processing
It may be due to the weather or due to the yearly changes in the raw cashew size & shape. Indian food industry now needs huge broken grades for the Diwali sweets, especially for the ‘Kaju Katli’. If the required quantity is not available, they will have to substitute wholes like W320.
Indian Auspicious Months Start from 9th August
Beginning of ‘Shravana’ month means the start of the festive season in India. North Indian buyers highly prefer this beginning for their bulk purchases. There is no big news from Vietnam as the surrounding region of the HCMC is struggling against the sudden wave of covid-19.
Strict Covid Restrictions in Vietnam: Result may be Immediate Kernel Shortage but Only Charmless Direction for Raw Cashew
Southern region of Vietnam now controls the global export market of cashew kernel and the import price of the raw cashew nut. Lock down in this region means collapse in the raw cashew demand and supply shortage in cashew kernel. However, workable good quality is mostly sold out in West Africa. In India, price of […]
Asking rate is Rs 800+GST/kilo/W320/Forward Goa-Mangalore
Sellers are not showing much interest in the August second week offers. Their intention is to lift the market above Rs.800+GST/W320/kilo for the festive season. Every year is a different year. This year is also totally different from last year. However, raw cashew is facing buyers resistance because of quality and yield problems.
W320 MOVING TOWARDS $4/LB/GOA-MANGALORE
Whatever is the filling out turn, Vietnam’s huge imports may not disappoint them. In the Goa-Mangalore region, F.O.B market is now fast moving towards the pre-2020 level. Well known exporters can sell W320 : ‘ nearly $4/lb or even more!’ Indian food industry is facing severe shortage in broken grades, even if this is the […]
Positive Trends in Forward Trade
According to latest Reports, huge increase in the Cambodian & African 2021 harvest is not true. The Cambodian export to Vietnam in the 1st four months of the year includes African 2020 raw nuts as Vietnamese traders found it fast & easy to import from Cambodia, especially for the border region. The F.O.B price difference […]
Just A Month for the Olympics
Restrictions are continuing in the international travel. No chance of huge gatherings in the Tokyo Olympics. Only suppressed crowd permitted. No cheers, no celebrations, no autographs. Spectators should directly go to home after the events. ‘Olympics without a festive mood’ EVEN THEN, THE TOKYO OLYMPICS MAY FINALLY BECOME A MORALE BOOSTER TO THE DEPRESSED LUXURY […]
Still Speculators Market
Festive months for the wholesale activity may start from mid July. Boom period may continue till the 3rd or 4th week of October. At present, speculators are trying their best to persuade sellers to sell at current prices. Benin origin raw cashew is selling around Rupees 100/kilo for the 26.67% cutting out turn. Mostly no […]
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 […]