Cashew rises on fresh buying

NEW DELHI: Cashew prices rose by Rs 5 per kg in the national capital today 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 725-745, Rs 670-695 Rs 580-595 and Rs 505-555 per kg, respectively.

Marketmen said fresh 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 14,800, Almond (Gurbandi-new) Rs 7,700-8,000; Almond (Girdhi) Rs 4,200-4,700; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 515-530 per kg, Almond Kernel (Gurbandi-new) Rs 420-570 per kg.

Source: indiatimes.com