Cashew rises on firm demand

NEW DELHI, MAY 9:

Cashew prices rose by Rs 5 a kg in the national capital on Monday largely supported by pick-up in demand amid low stocks due to tight supplies from growing regions.

Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 to settle at Rs 620-630 Rs 575-580, Rs 510-515 and Rs 440-460 per kg, respectively.

Market analysts said increased buying by retailers and stockists owing to domestic demand against low stocks mainly pushed up cashew prices.

Following are today’s quotations in Rs for 40 kg: Almond (California) Rs 9,600 Almond (gurbandi-new) Rs 4,900-5,200 almond (girdhi) Rs 2,600-2,800 and Abjosh Afghani Rs 7,000-20,000. Almond kernel for a kg (California) Rs 335-345,almond kernel (gurbandi-new) (kg) Rs 320-390.

Chilgoza (roasted) (1 kg) Rs 1,400-1,500 Cashew kernel 1 kg (no 180) Rs 620-630 Cashew kernel (no 210) Rs 575-580 Cashew kernel (no 240) Rs 510-515 Cashew kernel (no 320) Rs 440-460 Cashew kernel broken 2 pieces Rs 370-430 Cashew kernel broken 4 pieces Rs 360-410 Cashew kernel broken 8 pieces Rs 280-350.

(Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article2003532.ece)