Sense of Urgency in Buyers Camp but Severe Scarcity in W320 & W240

This entry was posted on Monday, October 22nd, 2018 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Diwali demand, workers attendance shortage and white quality raw nut shortage are responsible for the ’empty stock situation’ in the W240 and W320 wholes/Goa-Mangalore.

Finally, Tanzania has announced the most awaited marketing season. Most probably, from today! Indian small and medium scale buyers want the 52+/lb outturn nuts around $1700-1750/factory delivery (i.e. Auction rate+ tax, delivery charges, bank charges, port charges & transport charges).

But the decision is in the hands of auction authorities. If they reject lower bids, export market might react with a proportionate or even Diwali like boom.

 

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