Indian Cashew Exports Hit by Global Slowdown - Cashew Demand Continues to Grow Globally - What Is the Weather Like in the Cashew Market, Is There a Downward Trend in Prices?

Will the Cashew Prices Stay Firm in the Indian Market?

Posted on
Mintec Global
Spread the news!

Cashew prices have been stable in the market for the last few months, and now it is expected to increase in the coming days.

Current Scenario 

Despite the price increase in some of the spot markets in New Delhi, the demand and the buying activity are still high for cashews. This has resulted in the price staying firm in the market. Experts believe several factors are helping the price of the dry fruit to stay up in the market.

  • The war between Ukraine and Russia is increasing the increased price of crude oil due to the war is affecting the freight prices and the imports.
  • This has put pressure on importing the raw cashews in India for shelling from African countries.
  • As a result, the domestic price of the commodity is firm.
  • There is a stable domestic demand for the dry fruit and is expected to continue for the coming days.
  • The buyers are active in the market and are eager to stock up the product for the future.
  • They expect the price to increase in the coming days before the festivities and the wedding season when they release the stock at a higher price.

Prediction 

With the lack of import of raw cashew from the African countries, the price of the Indian variety is expected to move up in the coming days. According to market experts, there will be a significant price hike for the commodity in the upcoming days, and the market is likely to move towards a bullish mode.

 Price Trend

 W240

DatePrice
March 3$8,85 per kg FOB
March 1$8,85 per kg FOB

For more information, facts and figures, become a member. Click here.

The following reports may be of interest to you:

Turkish Hazelnut Market: TMO Tender Results and Future Expectations
March Almond Shipments and Market Analysis: Trends, Commitments, and Crop Outlook
Almond Industry Report: March Position Insights
Hazelnut Market Focuses on TMO
Hazelnut Market Update: Supply Surges Post-Election, Demand Wavers Amidst Record Prices


Related posts:

India: Cashew Market likely to Remain Strong Prices Have Been Stable Since December 2021 India: Cashew Price remained Stable & Strong In 2021 Overall International market overview Germany’s Cashew Nut Demand Can Be Good For India CashewNew Cashew Crops To Arrive Soon In Indian Market Enhanced Performance in Processed Cashew Kernel Exports - Kerala's Traditional Cashew Industry Appeals for Financial LifelineCashew Market Might Face Challenges In 2021 The Resilience of Cashew Markets - A Global OutlookIndian Cashew Prices Moved Up Post Diwali Indian Cashew Prices Remain Steady After The Earlier Price Increase Cashew Market Still Holding Weak Sentiment In India