Cashew up on tight stocks

Cashew prices rose by Rs 5 per kg in the national capital today largely on the back of buying support from retailers and stockists amid tight stocks positions.

Fall in supplies from growing regions also supported the upside in prices.

Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 each to conclude at at Rs 700-730, Rs 670-680 Rs 600-610 and Rs 520-560 per kg, respectively.

Marketmen said increased buying by retailers and stockists against tight supplies from Southern regions, mainly pushed up cashew prices.

The following are today's quotations (per 40 kg): Almond (California) Rs 12,300 Almond (Gurbandi-new) Rs 6,500-7,300; Almond (Girdhi) Rs 3,100-3,400; Abjosh Afghani Rs 7,000-18,000. Almond Kernel (California) Rs 420-440 per kg, Almond Kernel (Gurbandi-new) Rs 350-420 per kg.

Source: http://www.indianexpress.com/news/cashew-up-on-tight-stocks/1003034/