Cashew declines on subdued demand

New Delhi: Cashew prices fell by Rs 5 per kg in the national capital today largely due to subdued demand from retailers and stockists amid adequate stocks.

Increased arrivals from producing belts also put pressure on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 700-755, Rs 675-695, Rs 595-615 and Rs 515-565 per kg, respectively.

Marketmen said fall in demand 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 13,950 Almond (Gurbandi-new) Rs 7,000-7,600; Almond (Girdhi) Rs 3,200-3,800; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California) Rs 487-502 per kg, Almond Kernel (Gurbandi-new) Rs 350-425 per kg.

Source: financialexpress.com