Cashew prices rise on fresh buying

NEW DELHI, APRIL 27: 

Cashew prices rose by Rs 5 per kg in the national capital on Saturday largely on the back of fresh buying by retailers and stockists amid low stocks.

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 each to conclude at at Rs 735-755, Rs 675-700 Rs 595-615 and Rs 515-565 per kg, respectively.

Market participants said increased buying by retailers and stockists to meet marriage season demand against tight supplies from growing regions, mainly pushed up cashew prices.

The following are today’s quotations (per 40 kg): Almond (California) Rs 13,800 Almond (Gurbandi-new) Rs 7,200-7,600; Almond (Girdhi) Rs 3,500-3,700; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 490-500 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.

Source: Business Line