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

ABB India undertakes an ambitious project to create a high density DFC

ABB India has undertaking an ambitious project to create a high density Dedicated Freight Corridor (DFC). The DFC will run between the four cities known as the Golden Quadrilateral - Delhi, Mumbai, Chennai......

NHPC to develop 40 MW solar plant in Odisha: Report

Hydropower generation company NHPC is reportedly planning to develop 40 MW solar plant in Odisha with an investment of about Rs 196 crore. The solar power project will come up on about 180 acres of land......

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......