Such a damage happens in Raw Cashew once or twice in a decade!

This entry was posted on Tuesday, May 4th, 2021 and is filed under Cashew.

Highly rain damaged raw cashew is now arriving in Kerala, Karnataka and adjoining districts of Andhra & Tamil Nadu. Whenever such a massive disaster happens, usually, international prices move up by 10 percent to 40 percent.

Indian buyers like wait & watch mode, probably till the end of the lock-down-like situation. Grocery shops can sell cashews but small grocers mostly sell one or two main grades only.

Why the export target is the only motto of the Vietnamese cashew sector? Why they welcome huge imports even if the profit margin is 10 to 15 percent negative? IN ECONOMICS, ‘PROFIT IS THE MOTTO OF THE BUSINESS’. Time is now ripe for the Vietnamese cashew industry to try for at least 20% increase in the kernel market.

Filed Under: Cashew