Cashew rises on fresh buying, low stocks

NEW DELHI, SEP 21: 

Cashew prices rose up to Rs 10 per kg here on Saturday largely on the back of an 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 up to Rs 10 to conclude at Rs 830-955, Rs 770-850, Rs 640-700 and Rs 585-650 per kg, respectively.

Marketmen said that the 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 16,800 Almond (Gurbandi-new) Rs 8,100-8,500; Almond (Girdhi) Rs 4,700-5,200; Abjosh Afghani Rs 10,000-22,000.

Almond Kernel (California-new) Rs 585-605 per kg, Almond Kernel (Gurbandi-new) Rs 500-530 per kg.

Spurce: The Hindu