Cashew declines 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 cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 845-945, Rs 775-845, Rs 645-695 and Rs 595-640 per kg, respectively.
Marketmen said fall in demand from retailers and stockists amid adequate stocks mainly led to fall in cashew kernel prices at the wholesale dry fruit market here.
The following are today's quotations (per 40 kg): Almond (California) Rs 16,800 Almond (Gurbandi-new) Rs 8,200-8,600; Almond (Girdhi) Rs 4,300-4,700; Abjosh Afghani Rs 10,000-25,000.
Almond Kernel (California-new) Rs 595-610 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.

Source: India Times