Cashew rises on fresh buying

NEW DELHI, JUNE 1: 

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 at Rs 725-745, Rs 670-695 Rs 580-595 and Rs 500-550 per kg, respectively.

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

The following are today’s quotations (per 40 kg): Almond (California) Rs 13,800 Almond (Gurbandi-new) Rs 7,200-7,600; Almond (Girdhi) Rs 3,500-3,700; Abjosh Afghani Rs 8,000-20,000. Almond Kernel (California-new) Rs 490-500 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.

Cashew Kernel 1 kg (no 180) Rs 725-745 Cashew Kernel (no 210) Rs 670-695 Cashew Kernel (no 240) Rs 580-595 Cashew Kernel (no 320) Rs 500-550 Cashew Kernel Broken 2 pieces Rs 320-390 Cashew Kernel Broken 4 pieces Rs 280-350 Cashew Kernel Broken 8 pieces Rs 230-290.

Source: Business Line