Beninese raw cashew is now trading around $1150-$1175/Tonne/ Out-turn 48 pounds.
In the Indian markets, non dried raw cashew from Kerala is hovering around Rs76-Rs80/kilo.
Even if there is 10% rise in the FOB kernel market in April, processors will not gain more than 2%. If the Rupee continues to be stronger, the 10% rise in kernel will still result in losses. Therefore both buyers and sellers have to co-operate for a sustainable market.