Raw Cashew Still Overpriced

This entry was posted on Tuesday, March 11th, 2014 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Beninese raw cashew is now trading around $1150-$1175/Tonne/ Out-turn 48 pounds.

In the Indian markets, non dried raw cashew from Kerala is hovering around Rs76-Rs80/kilo.

Even if there is 10% rise in the FOB kernel market in April, processors will not gain more than 2%. If the Rupee continues to be stronger, the 10% rise in kernel will still result in losses. Therefore both buyers and sellers have to co-operate for a sustainable market.

Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices