Exporters buying rate is still Rs6600+Tax/Premium W320/11.340 kilo/without packing/ Goa-Mangalore. But North Indian price is Rs7200+Tax/11.340 kilo/tin+box packing. In the Mumbai region, buyers offer is below Rs7100+Tax as there is local supply in Maharashtra.
Most exporters have forward commitments around $3.70/Pound/W320 for next two months despite the trend is towards $4.00/Pound. Therefore they cannot compete with the domestic market.
One day bubble has to burst in raw cashew. ‘New crop arrival is on increase in the hilly and interior region’.