Cashew falls on sluggish demand

New Delhi, Mar 23 (PTI) Cashew prices fell by Rs 5 per kg in the national capital today owing to sluggish demand from retailers and stockists.

Adequate stocks position following increased arrivals from producing belts also weighed on the cashew prices.

Cashew kernel (No 180, 210, 240 and 320) prices fell by Rs 5 each to settle at Rs 615-625, Rs 580-585, Rs 515-520 and Rs 430-445 per kg, respectively.

Market analysts said reduced offtake by retailers and stockists against adequate stocks, mainly led to decline in cashew kernel prices at the wholesale dry fruit market here.

Following are today''s quotations in Rs per 40 kg:

Almond (California) Rs 10,000, Almond (gurbandi-new) Rs 4,800-4,900, almond (girdhi) Rs 2,650-2,700 and Abjosh Afghani Rs 7,000-20,000.

Almond kernel in per kg (California) Rs 350-360, almond kernel (gurbandi-new) (kg) Rs 300-370.

(Source: http://in.news.yahoo.com/cashew-falls-sluggish-demand-20110323-021100-110.html)