A few days ago, asking rate of the Guinea-Bissau raw cashew was ‘₹128+GST/kilo/30% cutting outturn/180 Counts’. But now it is ₹138/kilo/Goa-Mangalore.
Tanzania is responsible for the steep increase. A press release clearly says that the government of Tanzania will safeguard the interest of farmers —
” Tanzanian cashew nut is said to be the highest quality in the world. So the government will ignore rumours that the price would collapse this season.”
This is our view — “A mixture of spoiled and oily nuts may be cheap but it is not the real taste. It is not at all the real market. Even in Tea, Coffee and other agro products the quality wise price difference is sometimes 100%, 200%, 500% etc.
— “There is a huge difference in the rates of a village hotel and a star hotel”