The off-take of cashew remains sluggish. As a result, the market remained stable at the previous level of $2,32 per kg for no. 1125. The market stays at its current state for the whole cashews after it experienced a recent slump.
Current Scenario
Compared to the sliced/broken cashews, the off-take for the whole fruit is negligible. The price of the whole cashew decreased by $0,26 – $0,32 per kg a few days ago. The drop came after cashew remained at a stable price for stable for the entire last month.
There is light buying of the commodity, and market experts believe it affects the price and the market sentiment.
The season of non-consumption continues despite the start of the marriage season. The price for no 320 remained at $9,28 per kg after a slump of $0,13 per kg.
Future
The sentiment for the whole cashew is unlikely to intensify in the next few days. However, that does not mean the market will become bearish. For the cashew traders, despite the lull in the market, the prices will remain stable in the spot markets.
However, experts are hopeful that the prices of the whole cashew will improve once the non-consumption season ends with the arrival of the festival season and the picking up of the wedding season.
Price Trend
W240
| Date | Price |
| May 26 – June 02 | $8,81 per kg FOB |
| April 26 – May 26 | $8,82 per kg FOB |