Buyers entry in the Indian cashew kernel is slowly improving as raw cashew prices are still unworkable to the industry. W320 is moving around Rs.8750/including VAT/11.340 kilo/Goa-Mangalore/under immediate payment terms and around Rs.9000/same quantity/under April 2nd week payment terms.
Market is facing usual fiscal year-end problems.
This year, domestic raw cashew prices are almost equal in India and Vietnam. Another strange thing is the bank interest rate which is comparatively more competitive in Vietnam!