Cashew prices decline on subdued demand

NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today largely on the back of 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 720-740, Rs 665-690, Rs 575-590 and Rs 500-545 per kg, respectively.

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

The following are today's quotations (per 40 kg): Almond (California) Rs 13,700 Almond (Gurbandi-new) Rs 7,100-7,500; Almond (Girdhi) Rs 3,400-3,600; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 485-495 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.

Source: India Times