Cashew declines on subdued demand

NEW DELHI, FEB 16: 

Cashew prices fell by Rs 10 a kg in the national capital today largely owing to subdued demand from retailers and stockists.

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 10 each to settled at Rs 680-740, Rs 665-685, Rs 585-600 and Rs 500-550 a kg, respectively.

Marketmen said fall in demand from retailers and stockists amid adequate stocks, mainly led to the fall in cashew kernel prices on the wholesale dry fruit market here.

The following are today’s quotations (per 40 kg): Almond (California) Rs 14,300 Almond (Gurbandi-new) Rs 7,100-7,600; Almond (Girdhi) Rs 3,100-3,400; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 485-525 a kg.

Source: Business Line