Archive for the Cashew Category
Strict Covid Restrictions in Vietnam: Result may be Immediate Kernel Shortage but Only Charmless Direction for Raw Cashew
Southern region of Vietnam now controls the global export market of cashew kernel and the import price of the raw cashew nut. Lock down in this region means collapse in the raw cashew demand and supply shortage in cashew kernel. However, workable good quality is mostly sold out in West Africa. In India, price of […]
Sellers are not showing much interest in the August second week offers. Their intention is to lift the market above Rs.800+GST/W320/kilo for the festive season. Every year is a different year. This year is also totally different from last year. However, raw cashew is facing buyers resistance because of quality and yield problems.
Whatever is the filling out turn, Vietnam’s huge imports may not disappoint them. In the Goa-Mangalore region, F.O.B market is now fast moving towards the pre-2020 level. Well known exporters can sell W320 : ‘ nearly $4/lb or even more!’ Indian food industry is facing severe shortage in broken grades, even if this is the […]
According to latest Reports, huge increase in the Cambodian & African 2021 harvest is not true. The Cambodian export to Vietnam in the 1st four months of the year includes African 2020 raw nuts as Vietnamese traders found it fast & easy to import from Cambodia, especially for the border region. The F.O.B price difference […]
Restrictions are continuing in the international travel. No chance of huge gatherings in the Tokyo Olympics. Only suppressed crowd permitted. No cheers, no celebrations, no autographs. Spectators should directly go to home after the events. ‘Olympics without a festive mood’ EVEN THEN, THE TOKYO OLYMPICS MAY FINALLY BECOME A MORALE BOOSTER TO THE DEPRESSED LUXURY […]
Festive months for the wholesale activity may start from mid July. Boom period may continue till the 3rd or 4th week of October. At present, speculators are trying their best to persuade sellers to sell at current prices. Benin origin raw cashew is selling around Rupees 100/kilo for the 26.67% cutting out turn. Mostly no […]
Vietnam’s April to May harvest is rain damaged. Indian crop size is said to be at least 20% less in white kernel terms as the damage is on both quantity and quality. Even then, the revised global estimate for the year is 43 lakh Tons. Massive increase is in West Africa & Cambodia.
Atmosphere for free trade or free movement is still negative due to COVID restrictions. But the situation is said to be slight better compared to last year’s lockdown. There is no fear factor in the market on account of the white nuts’ shortage. Demand for broken is once again improving as broken grades are essential […]
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 […]
Supply shortage in cashew kernel is due to shutdowns and lock downs in the production region. Groceries are available in the consumption region but the supply side has to cut production because of Covid related strict restrictions Mostly rain damaged raw cashew is available in the most important South-west region of India. White raw cashew […]
Situation may change when the Ramadan consumption begins. South Indian New-Year festival is also approaching. Why forward sales when the April harvest is still a miserable failure in India?
Raw cashew Market is facing farmers resistance. Undried raw cashew prices are around Rs105+GST in Kerala and South Interior Karnataka. 30% cutting quality is moving above Rs118+GST in Maharashtra. The Price for the ripe plantation variety is Rs125+GST in Goa and nearly Rs120+GST in Coastal Karnataka. First time in recent history, sellers are asking kernel […]
The summer season is the ice cream season in India. This year, the month of Ramadan will fully support the summer consumption. Broken grade movement usually gains momentum during the summer but the Ramadan month is for all kind of broken, lower and mid-grade wholes.
Tokyo Olympics will begin on 23 July, 2021 and ends on 8 August, 2021. Preparations are going on but everything depends on the Government of Japan. Anything can happen in the last moment. Summer season in India is approaching in the southern parts. Buyers are showing interest in long term supply contracts, especially in splits […]
Selling price of 205 counts/kilo/semi-dry raw cashew is only Rs60/kilo in Maharashtra. But the 180 counts/kilo quality has buyers around Rs67/kilo. However, there is still demand for the 130 to 150 counts dry quality with the price range Rs78 to Rs90 per kilo. kernel market is waiting for the hotel and restaurant industry to open, […]
FY 2019-20 ended with a week long shutdown, FY 2020-21 entered bringing additional two weeks of shutdown with it!
Retail price of the raw cashew is Rs48 to Rs50/kilo in Vietnam & Cambodia. In the hilly regions of Vietnam, the average quality is available for Rs42 to Rs48/kilo! Vietnamese industry is in crisis because of the unreasonable export market. ‘Whatever is the raw cashew price, their kernel is selling below the cost price’! Prices […]