Cashew Market Report – 01 May 2017

In our last market report at beginning of 2017, we said that Cashew market seemed to be in a dark tunnel – 4 months later, there is still no light to show the end of the tunnel>

The expectation that prices would remain in the 4.00-4.25-4.50 range for most of the year has been belied. Beginning the year at 4.40-4.50, market has been going up a notch every few weeks.

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Cashew Market Report – 2016 Review & 2017 Outlook // 01 Jan 2017

01 JAN 2017

During last quarter of 2016, Cashew Market has been on a roller coaster – and that too, in a dark tunnel !

After moving in a narrow 3.30 to 3.60 range for most of 2015 (with a brief period in May / Jun 2015 when it moved up to 3.70 – 3.80 range), cashew price started moving up gradually since beginning of 2016.

During Jan to Apr 2016, the range was 3.50 to 3.80 which moved up to 4.00 to 4.25 in May to Jul and further to 4.25 to 4.50 in Aug to Oct.  The last quarter saw the fireworks – up from 4.50 to 5.00 (never seen before) during Oct / early Nov, down to 4.75 by end Nov and further down to 4.50 by mid Dec.  Average price for 2016 was 4.25 FOB (compared to 3.50 in 2015 and 2014 and 3.25 in 2013)

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Cashew Market Report – 13 AUG 2016

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).
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Cashew Market Report – 29 May 2016

29 MAY 2016

The Cashew Market has been at a cross-road for most of May, waiting to see which signal turns green – right or left !!

In a market that has been very quiet, offers (and some trades) in Week 20 and 21 have been in the range of W240 from US$ 4.25 to 4.45 / W320 from US$ 3.95 to 4.15 / W450 from US$ 3.85 to 3.95 / Splits from US$ 3.25 to 3.40 / Pieces from US$ 3.00 to 3.15 FOB for shipments upto Sep/Oct..  No business reported for later positions but as usual, offers for far forwards are few cents higher than current range.

Let us have a look at what has happened so far in 2016 :

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Cashew Market Report – 14 Apr 2016

14 APR 2016

Cashew market has moved up significantly in the last 4 weeks.

During Week 14, business was done for W240 from 3.90 to 4.00 and W320 from 3.70 to 3.80 FOB for Apr May Jun shipments. Not much business reported in other grades.

Levels now (Week 15) are W240 3.95 to 4.10 / W320 from 3.75 to 3.95 / W450 from 3.60 to 3.75 / SW320 from 3.50 to 3.65 / Splits from 3.20 to 3.35 / Pieces from 3.05 to 3.15 FOB. More enquiries but limited activity.

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