Cashew rises on fresh buying support

New Delhi, Mar 18 (PTI) Cashew prices rose by Rs 5 per kg in the national capital today, largely on pick up in buying activity driven by firm domestic demand.

Lower stocks following 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 to settle at Rs 630-640 Rs 595-605, Rs 530-540 and Rs 445-465 per kg, respectively.

Market analysts said increased buying by retailers and stockists and tight stocks position, mainly pushed up cashew prices.

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

Almond (California) Rs 10,000 Almond (gurbandi-new) Rs 4,800-5,000 almond (girdhi) Rs 2,800-2,900 and Abjosh Afghani Rs 7,000-20,000.

Almond kernel in per kg (California) Rs 350-360, almond kernel (gurbandi-new) (kg) Rs 325-400.

(Source: http://in.news.yahoo.com/cashew-rises-fresh-buying-support-20110318-031800-549.html)