Indian Domestic Market Suppressing West African Cashew Industries

This entry was posted on Sunday, June 7th, 2015 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

In India cashew splits and pieces are faring better than W320. A tin of Jumbo Half is fetching above Rs7000/11.340 kilo whereas premium W320 is available for Rs6500.

Cashew processors situated in Africa are struggling to sell their produce of splits, pieces and other lower grades. As a direct consequence, they cannot compete in their own local raw cashew market against the Indian buyers. This is the reason for permanent shutdown of many cashew processing units in Africa and a few more units are expected to witness the same fate.

African Cashew Alliance should take immediate action to protect their industries.

Vietnamese industries are surviving as there is no competition with the Indian processors for their domestic inventory.

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