India: New crop of raw cashew is yet to boom. New fiscal year starts from April 1. We foresee huge arrivals only from new fiscal year. The shortage experienced in the last two months will be compensated by late arrivals. Therefore there is no dearth of raw cashew in coming months.
Vietnam/Africa: The same situation is likely to exist in Vietnam and West African countries. Considering the prevailing weather, great harvest is expected around the world.
We predict raw cashew glut in the new fiscal year. Therefore the raw nut sales might become difficult across the world starting from May.
On cashew kernel front, there might not be huge demand. So more caution is needed to reap any benefit from the market.