Cashew Market Report – 13 Mar 2016

The BIG news in the Indian Cashew Market is the 9.55% Duty on Import of RCN into India.

Although this may not have any significant impact on the cashew kernel market, it will make things difficult for Indian shellers who are already burdened with high processing costs and lower RCN availability. Impact will be more for those catering to domestic market but exporters will also be adversely affected as it is not easy to operate under Duty Refund / Duty Exemption schemes. Strong efforts are being made for re-consideration but outcome is uncertain.

Current kernel prices are W240 from 3.75 to 3.95, W320 from 3.50 to 3.70, W450 from 3.45 to 3.55, Splits from 3.10 to 3.25, Pieces from 2.90 to 3.10 FOB

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Cashew Market Report – 13 Feb 2016

During January, cashew market was very steady with reasonable activity in all markets.   Business was done for W240 from 3.80 to 3.90 and W320 from 3.55 to 3.65 FOB for nearbys with some processors being able to sell higher to their regular buyers.

Current price levels are W240 from 3.85 to 4.00, W320 from 3.55 to 3.70, W450 from 3.45 to 3.60, SW320 from 3.40 to 3.50, Splits from 3.20 to 3.35 and Pieces from 3.00 to 3.15 FOB.

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Cashew Market Report -01 JAN 2016

01 JAN 2016

To begin, our best wishes to you and yours for a healthy 2016 filled with tons of success and joy – at work & in personal life.

During Nov/Dec 2015, cashew market was very steady.  Reasonable volume was traded to all markets without much change in prices.

Current price range is W240 from US$ 3.75 to 3.90,  W320 from US$ 3.50 to 3.65,  W450 from US$ 3.40 to 3.50,  SW320 from US$ 3.35 to 3.45, SW360 from US$ 3.25 to 3.35,  Splits from US$ 3.2- to 3.35 and Pieces from US$ 3.00 to 3.15 FOB’

As we move into 2016, here is a chart of Cashew Kernel prices during 2014 and 2015 :

MONTH        W240             W320             W450         SPLITS         PIECES

JAN 2014       3.65-3.85       3.30-3.45       3.00-3.10       2.25-2.40       1.55-1.65

APR 2014       3.50-3.70       3.10-3.30       2.95-3.00       2.40-2.50       1.65-1.75

JUL 2014        3.60-3.75       3.20-3.40       3.10-3.20       2.50-2.65       2.00-2.25

OCT 2014       3.90-4.10       3.60-3.70       3.35-3.45       2.90-3.05       2.75-2.95

DEC 2014       3.65-3.85       3.35-3.50       3.15-3.30       2.85-3.00       2.80-2.90

JAN 2015       3.70-3.85       3.30-3.50       3.00-3.10       2.85-2.95       2.75-2.90

APR 2015       3.65-3.85       3.40-3.60       3.15-3.25       2.95-3.10       2.85-3.00

JUN 2015       3.75-3.95       3.50-3.75       3.45-3.55       3.30-3.45       3.10-3.20

JUL 2015        3.65-3.85       3.45-3.65       3.45-3.50       3.20-3.35       2.95-3.10

OCT 2015      3.60-3.70       3.45-3.60       3.35-3.50       3.10-3.25       2.90-3.00

DEC 2015      3.75-3.90       3.50-3.65       3.35-3.50       3.20-3.35       2.95-3.10

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Cashew Market Report – Sep 16, 2015

After a very steady May/June, cashew prices came down a bit in July / early August. Some processors at low levels whereas others were able to sell at higher levels. Reasonable volumes were traded at all levels.

In Weeks 37 and 38, range of prices has been W240 from 3.60 to 3.80 / W320 from 3.45 to 3.65 / W450 from 3.40 to 3.55 / WS from 3.15 to 3.30 / LP from 2.95 to 3.10 FOB. Forwards are trading at a premium of 5-10 cents per lb depending on processor & shipment period. Differential between lowest & highest price on a given day has increased from 5-10 cents to 15-20 cents !!

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Cashew Market Report – May 19, 2015

The last two months have seen a sea change in sentiment in the Cashew Market.  There has been a significant increase in prices after a very long period of the market moving sideways in a narrow range.

Currently – middle of May 2015 – range of prices is W240 from 3.80 to 3.95, W320 from 3.55 to 3.75, W450 from 3.40 to 3.50, Splits from 3.15 to 3.25, Pieces from 3.00 to 3.15 FOB with hardly any offers at the lower end of the range.

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