Cashew rises on increased buying

NEW DELHI, AUG 10: 

Cashew prices rose by Rs 5 per kg in the national capital today largely on the back of increased buying by retailers and stockists amid low stocks.

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 800-915, Rs 750-815 Rs 600-660 and Rs 550-610 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 16,200 Almond (Gurbandi-new) Rs 8,000-8,400; Almond (Girdhi) Rs 4,700-5,200; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 575-595 per kg, Almond Kernel (Gurbandi-new) Rs 500-540 per kg.

Sourcce: The Hindu