Premium W240 market is now around ₹820+GST/kilo in Goa & Mangalore. Demand is for the ‘KUMBH MELA’ festival, which will start on Jan 15. 2019. Last day of the festival is March 4, 2019. WORLD WILL WITNESS THE LARGEST GATHERING OF PEOPLE DURING ALL THE IMPORTANT DATES OF THE FESTIVAL. This is not an annual festival. HINDUS CELEBRATE THIS FESTIVAL 4 TIMES IN THE COURSE OF 12 YEARS.
W240 stocks are almost empty in the supply region because of the online demand for the grade.
IN FEW DAYS, PRODUCTION MAY FALL BY 60-80 PERCENT AS THE INDUSTRY IS FACING HITHER TO UNKNOWN SEVERITY OF RAW CASHEW SHORTAGE.