Cashew declines on subdued demand

NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today owing to fall in 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 700-730, Rs 670-675, Rs 600-615 and Rs 540-580 per kg, respectively.

Marketmen said subdued demand from retailers and stockists against adequate stocks mainly led to decline in cashew kernel prices.

The following are today's quotations (per 40 kg): Almond (California) Rs 12,000 Almond (Gurbandi-new) Rs 6,500-7,200; Almond (Girdhi) Rs 2,800-3,000; Abjosh Afghani Rs 6,000-20,000.

Almond Kernel (California) Rs 425-430 per kg, Almond Kernel (Gurbandi-new) Rs 320-440 per kg.

Source: http://articles.economictimes.indiatimes.com/2012-06-27/news/32441527_1_cashew-prices-almond-kernel-retailers-and-stockists