Cashew declines on subdued demand

NEW DELHI, MARCH 9: 

Cashew prices fell by Rs 5 per kg in the national capital on Saturday largely due 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 5 each to settle at Rs 680-740, Rs 660-680, Rs 580-605 and Rs 505-555 per 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 13,600 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 470-510 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.

Cashew Kernel 1 kg (no 180) Rs 680-740 Cashew Kernel (no 210) Rs 660-680 Cashew Kernel (no 240) Rs 580-605 Cashew Kernel (no 320) Rs 505-555 Cashew Kernel Broken 2 pieces Rs 300-395 Cashew Kernel Broken 4 pieces Rs 280-355 Cashew Kernel Broken 8 pieces Rs 260-310.

Source: Business Line