Cashew rises on fresh buying

NEW DELHI, JAN 5:

Cashew prices rose by Rs 5 per kg in the national capital on Saturday largely on the back of fresh buying by retailers and stockists. Tight 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 Rs 700-755, Rs 675-695 Rs 595-615 and Rs 515-565 per kg, respectively.

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

The following are today’s quotations (per 40 kg):

Cashew Kernel 1 kg (no 180) Rs 700-755 Cashew Kernel (no 210) Rs 675-695 Cashew Kernel (no 240) Rs 595-615 Cashew Kernel (no 320) Rs 515-565 Cashew Kernel Broken 2 pieces Rs 320-400 Cashew Kernel Broken 4 pieces Rs 290-375 Cashew Kernel Broken 8 pieces Rs 270-330 Copra (qtl) Rs 6,300-6,700.

Source: Business Line