Delhi market for the most premium grade W320 is now Rs7400+CST. However there is no bulk buying interest except from few selective brands. Market reporters’ propaganda in the raw cashew growing region is said to be responsible for the steep price rise.
If India processes only 30% domestic nuts and 70% imported nuts this year, import re-sellers can mint money in their 70% by creating unreasonable market in the local 30%. BUT WHAT HAPPENS WHEN THE MASSIVE 70% FLOOD ARRIVES ?
When the Hindu wedding season enters the 74 days of holiday period, some state elections might support the domestic consumption. However, TOO MUCH IS ALWAYS TOO BAD. WHENEVER THE PRICE BECOMES UNREALISTIC CONSUMPTION WILL FALL. ALREADY THERE IS SOME SHIFT FROM CASHEW TO ALMONDS.