After a quiet May + June (with slight softening in second half of June/early July), cashew market suddenly picked up steam by middle of July. In second half of July 2016, prices for all grades moved up by 10-20 cents per lb. Reasonable volume was traded to Europe & USA for shipment upto Dec 2016.
In the last 2 weeks, Europe & USA have been relatively quiet but West Asia has been active and prices moved up a bit more. Indian domestic market has seen a burst of activity in the last 2 weeks. Price of Splits & Pieces have gone up by 15 PERCENT !!!
In week 32, price range was W240 from US$ 4.35 to 4.60, W320 from US$ 4.20 to 4.40, W450 and SW320 from US$ 4.00 to 4.20, SW360, Splits & Butts from 3.25 to 3.40, LP from 3.15 to 3.25 and SP from 2.90 to 3.00 FOB (Note : differential between W240 + W320 is very narrow and differential between Wholes & Brokens is very large).