Demand Rises in W240 & Higher Grades

This entry was posted on Saturday, December 17th, 2016 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Those who have imported raw cashew under ‘Advance Licence/Authorization Scheme’ have to fulfill their 4 : 1 export obligation before the end of the fiscal year. So they are buying scarce grade W240 around Rs 9000+VAT/25 LBS/Including Packing/ Goa-Mangalore.

East African nuts usually contain less than 15% higher grades like W240, W210 and W180 grades. This year these grades will be much less due to 30% increase in the harvest.

Therefore shortage in W240 may continue for next few months.

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Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices