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Price of premium W320/kilo is below ₹740+GST IN Goa-Mangalore but W240 is not available in Bulk quantity. Raw material quality is said to be responsible for the low yield of higher grades in the production stage. Price for north India is around ₹840 +GST as local exporters, who give immediate payment are in a buying […]
Premium W240 market is now around ₹820+GST/kilo in Goa & Mangalore. Demand is for the ‘KUMBH MELA’ festival, which will start on Jan 15. 2019. Last day of the festival is March 4, 2019. WORLD WILL WITNESS THE LARGEST GATHERING OF PEOPLE DURING ALL THE IMPORTANT DATES OF THE FESTIVAL. This is not an annual […]
Demand for wholes cashew kernel is on increase in the Indian domestic market. Goa-Mangalore quality W320 is trading around ₹760+GST/KILO & W240 is in demand around ₹810+GST/KILO. Buyers are facing supply shortage in W240 as online sellers mostly prefer count wholes.
Basic Customs Duty on cashew nut in shell is being increased from Nil to 5% – Notification No. 12/2016 Customs, Dated 1 March, 2016 – 5% is the basic duty. So there will be some additional cess over and above this duty. Most probably, changes will come in to effect on 1st March 2016. […]
Indian finance ministry is almost certain about passing the Goods and Service Tax bill during this year’s budget session. If the Indian tax system changes to GST the tax rates will certainly change. Most probably the rates will increase. Increase in tax rates may not hurt the local kernel market as exporters are the main […]
When the crude oil price was around $40/barrel, price of a kilo cashew shell was hovering below Rs3.80/Goa-Mangalore ! But now cashew shell is trading above Rs5.00/kilo/Goa-Mangalore and crude oil is plummeting below $32/barrel. Usually, CNSL follows crude oil market as both crude oil and CNSL are non edible oils. Now this trend has reversed […]
W320 is moving around Rs6800+CST in Goa and Mangalore/tin/11.340 kilo. Last moment sales for Christmas and New Year has spiked the demand. But there is no change in demand for splits and pieces. Global market is under holiday mood. Clear picture of market might emerge only after 2nd week of January.
Cashew Export Promotion Council of India known as CEPCI recently celebrated its Diamond Jubilee. In recent times, the council has emphasized on Value Added Exports. However the council needs to revise its strategy on Value Added Exports. Plain salted or roasted cashew nuts is not a big value addition. Food Industries are shifting to India. […]
Premium W240 is available around Rs6800/ but there is no bulk availability in the Jumbo Half category even the offers are above Rs7000/Tin/Goa-Mangalore. Cutting wholes in to splits and pieces is the best solution to this kind of situation.
South Indian cashew harvest has reached its peak. But there is no significant downtrend in prices because of improved quality. Imports may become cheaper in coming days. Premium W320 is moving around Rs6300/11.340 kilo/ Goa-Mangalore. Still these prices are unworkable as the cost of production is Rs6500/11.340 kilo/Goa-Maharashtra.
New-Crop harvest is in full swing in Kerala. But the moisture percentage is said to be around 9%. So South Indian processors are increasing their purchases from Karnataka, Maharashtra, Goa and West Africa. In the cashew kernel, this summer is only for pieces and the wedding season is mostly for splits. Over production is responsible […]
Most buyers in India are postponing their purchases to new financial year. So there is no bulk buying activity in the raw cashew as well as cashew kernel market. But cashew splits is in demand because of shortage owing to wedding season. West African raw cashew prices are moving down mainly for May-June shipments.
We will be back, most probably during the Indian new crop season ..
At present, the down trend in the global cashew kernel is almost proportionate to the prevailing Rupee value. If the Rupee depreciates, kernel prices also drop but when the Indian currency shows some upswing, buyers immediately offer few extra cents. So, there is no benefit to the Indian cashew industry from this kind of uncertainty. […]
Indian raw cashew market is facing some temporary financial problems on account of banking year-end activities. Cloudy atmosphere in Kerala and south interior Karnataka is another reason for this down trend. Activities might pick-up from the first week of April as good quality raw cashew might vanish from Kerala before May first week.
What will happen if the Indian Budget 2012-13 ignores the demand for Import Tax, a ban or some kind of control on raw cashew imports? Cashew is a very small sector to the big Indian economy. So if the Government doesn’t expect a big Tax revenue through the levy of this Tax, certainly the finance […]