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PREDICTION: CASHEW KERNEL PRICE

05-06-2015 16:17:12 | Views: 2.706

There are oppostie opinions about future price of cashew kernel. Some brokers guess that in North America & EU markets there is low demand of cashew kernel in summer vacation because hot weather can cause storage trouble & uncetain quality.

  In contrast, some analyst said that in-stock goods in these markets is very low while global demand is going up not only in North America, EU but also in China & India (India whereRamanda festival is coming). Moreover, India has lost the balance of production/supply & demand. According to CEPCI, from 1st April till now 70% of Indian cashew processors has closed their factories. Thus price of cashew kernel will positively increase.
 
Current prices:
W240: 3.80-3.85 USD/LBS, FOB VN, Vacuum flexi-pack
W320: 3.55-3.65                                 ‘’
WS/WB: 2.90-3.00                              ‘’
LWP: 2.70-2.80                                  ‘’
 
Source: VINACAS

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