Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cashew  :  Local Cashew Nut Deficiency May Decrease 15%


Local Cashew Nut Deficiency May Decrease 15%

Local quantity of raw cashew nuts is probably be lower by nearly 10% to 15% this period. Previously estimations had forecasted a lot more critical drop of 30% to 40 % in the present period. But the cashew market spokesmen are of watch that the crop will improve than the before estimations.

The small drop in local supply has occurred during a period when there`s a worldwide deficiency of fresh cashew nuts. Provides from Ivory Coastline dropped because of the governmental unrest in that region. Market spokesmen noticed that Brazil has additionally entered the import sector since there is a deficiency in crop this season.

Brazil is a main provider of cashew to United states market. The cashew-processing nations will contend to import fresh cashew nuts from African nations. This could increase the deficiency scenario, the market spokesmen stated.

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......