01 OCT 2020 The first half of 2020 was Annus Horribilis. Pandemic of an intensity not seen before in our lifetime made us scamper into our hole (home) for safety. The Cashew industry went through an upheaval not seen in a long time. In less than a month, RCN prices came down about 30% (fortunately, … More CASHEW MARKET REPORT – 01 OCT 2020
01 JULY 2020 In the Cashew Market – 2020 Outlook report at the beginning of the year, we spoke about the “Googly” (cf. cricket) thrown at the Cashew market in 2019 by Tanzania (holding back the 2018 crop). Now, half way through 2020, talk of the town is the “Chinaman” (again cf. cricket) thrown at … More CASHEW MARKET REPORT – 01 JUL 2020
To begin with, best wishes to you and yours for a happy, healthy, successful 2020 !! Every other year, the Cashew market throws a googly (or curve ball) – 2019 was not different.
Some portion of the 2018 Tanzania crop is being processed locally but a very large portion which should have been processed in India & Vietnam between Nov 2018 & Mar 2019 is still lying in Tanzania. This stock of approx. 225,000MT is like a Damocles sword on the cashew market. Until it falls, everyone in … More CASHEW – INVENTORIES + TANZANIA + PROSPECTS – 27 JUL 2019
01 APR 2019 In the first quarter of 2019, Cashew market has moved sideways in a narrow range with a soft undertone reflecting comfortable supply situation. Opening the year around 3.60-3.80 FOB, Vietnam W320 drifted to a low of 3.25-3.35 FOB by end Jan/early Feb, moved up to 3.50-3.70 in mid Feb and eased again … More CASHEW MARKET REPORT – 01 APR 2019