Cashew declines on subdued demand

Cashew prices fell by Rs 5 per kg in the national capital today as demand declined considerably due to end of festive season.

Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices. Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settled at Rs 715-750, Rs 690-700, Rs 610-630 and Rs 540-580 per kg, respectively.

Marketmen said fall in demand following end of festive season against adequate stocks mainly led to a fall in cashew kernel prices in the wholesale dry fruit market here.

The following are today's quotations (per 40 kg): Almond (California) Rs 12,700 Almond (Gurbandi-new) Rs 7,000-7,800; Almond (Girdhi) Rs 3,200-3,400; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California) Rs 440-460 per kg, Almond Kernel (Gurbandi-new) Rs 350-425 per kg.

indianexpress.com