W320 Towards $4.00/Pound ?

This entry was posted on Sunday, March 27th, 2016 and is filed under Budget 2016, Cashew, Cashew Market, Cashew News, Cashew Prices.

During Olympics 2012, there was a huge demand for cashew kernel but prices rose after the Olympics. This was mainly because of heavy piled up stocks. This Olympics is hosted in Brazil which is the origin of Cashew. However this time there is no piled up stocks unlike earlier.

There is an existing shortage of premium grades like W240 and higher grades. So there might be huge demand for W320 by April end.

We think that processors can demand $4.00/Pound/Premium W320.

Filed Under: Budget 2016, Cashew, Cashew Market, Cashew News, Cashew Prices