Cashew rises on fresh buying

NEW DELHI: Cashew prices rose by Rs 5 per kg inthe national capital today largely on the back of fresh buying support from retailers and stockists, 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 670-745 Rs 645-685, Rs 565-615 and Rs 570-585 per kg, respectively.
Marketmen said increased buying by retailers and stockists against tight stocks position mainly pushed up cashew prices.
The following are today's quotations (per 40 kg): Almond (California) Rs 11,900 Almond (Gurbandi-new) Rs 6,400-7,100; Almond (Girdhi) Rs 2,800-3,000; Abjosh Afghani Rs 6,000-20,000.
Almond Kernel (California) Rs 430-435 per kg, Almond Kernel (Gurbandi-new) Rs 320-440 per kg.

Source: http://economictimes.indiatimes.com/markets/commodities/cashew-rises-on-fresh-buying/articleshow/14297724.cms