Little Demand But Even Less Supply

This entry was posted on Monday, October 31st, 2011 and is filed under Cashew.

As usually happens after the  Diwali festival sales, Indian cashew kernel market is calm, demand is low but the white wholes supply seems to be slightly insufficient to fulfill the immediate commitments and urgent requirements. Indian wholesale traders are offering Rs100-200/Tin less but because of many holidays and the last minute spectacular improvement in the Diwali sales volume;  factories of  Goa, Karnataka and Maharashtra have emptied their stocks. For next few days, bulk supply is possible only from Kollam and Tamil Nadu. Global bulk buyers have enough contracts for the next 6-8 weeks. So they are watching the Brazilian new crop and raw cashew prices. Logically they may think that the Brazilian prices would be cheaper due to domestic availability of raw cashew nuts. But the Brazilians have their traditional kernel markets and many  small scale buyers from the emerging markets are now confused by the over selling in the cashew kernel. Despite some down trend, they are struggling to cover their nearby requirements.

Filed Under: Cashew