Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cashew  :  Limited Worldwide Supply Improves Cashew Rates


Limited Worldwide Supply Improves Cashew Rates

Cashew market continuing to proceed up with the costs of virtually all levels growing on great need among restricted offer in the offshore industry.

W240 was initially traded at close to $4.50, W320 was basically marketed from $4 to $4.10, W450 at close to $3.95, Splits at close to $3.60, Items were marketed at close to $3.50 (f.o.b.), and also a few processors was able to offer several levels couple of cents high, business sources explained.

Natural Cashew Nut rates have also shifted up by $75-$100 a tonne, equal to 15-20 cents each lb of kernels, during the last few weeks. Brazilian purchasing goal is noted to be 30,000-50,000 lots, which is increasing the typical opposition among India as well as Vietnam regarding West African RCN.

Related News

View all news

Cashew kernel exports fell by 25% in April-September period

The exports of cashew kernel right from the beginning of the current fiscal has been showing a declining trend on account of high price of raw nuts. Cashew exports fell by 25% to 36,895 tonnes valued at......

India's Cashew export falls during April -July 2016

India's Cashew export falls sharply in April -July 2016 by 24% in volume and 14% in value from that of the corresponding period last fiscal.During the period, total shipments fell to 24,833 tons valued......

Cashew Nut Rates Up 20%

Cashew nut rates in the Palasa Kasibugga current market have raised by over 20 % for the duration of......

Top News

View all news

RITES to acquire 33% stake in IRSDC

RITES has received in principle approval to acquire stake of 33% Equity Shares in Indian Railway Station Development Corporation (IRSDC). The Board of Directors of the company at their meeting held on......

Govt in favour of alignment of capital adequacy norms with Basel III norms

Instead of present stricter guidelines which restrict the lending capacity of lenders, the government is of the view that the Reserve Bank of India (RBI) should resort to Basel III norms for capital adequacy......

Infosys, Ashok Leyland and Reliance Infrastructure to see some action today

Infosys will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus......