Nuts

Cashews: Drastic price cuts in India

July 18, 2019 at 3:36 PM , Der AUDITOR
Play report as audio

HANOI/NEW DELHI. International competition has forces the exporters in India to cut back in prices. The market is currently witnessing the lowest prices in months.

Competitive pressure

The news that a cyclone had damaged 70% of the cashew plantations in Andhra Pradesh drove up prices in India towards the end of last week. Production will most certainly  decline in this region. Now, however, the export prices have slumped with cashew kernels trading below USD 10 per kg FOB. This is the lowest seen in months. Cheap imports  coupled with subdued upcountry and export demand are adding pressure to the market. In addition, the prices on the world market remain  low and are dictated by the top exporter Vietnam.

View related articles

Go to the News Overview
Nuts
Apr 30, 2024
SACRAMENTO. According to the 2023 California Almond Nursery Sales Report issued by the United States Department of Agriculture’s National Agricultural Statistics Service (NASS) on 25 April 2024 only 4.02 million almond trees were sold between 01 June 2022 and 31 May 2023.
Nuts
Apr 29, 2024
FORT WORTH/REUS. US exports are 15% down for pecans. Hopes are up that India will step up buying in the USA. Global production has declined by 15%.
Nuts
Apr 29, 2024
NEW DELHI/BUENOS AIRES. With peanut supplies nearly exhausted in Indonesia and new crops, notably from Argentina and Tanzania, comping into play the market has reached a turning point in India. Demand for US peanuts is stronger in the EU than in China.
Nuts
Apr 24, 2024
MANILA. Lower raw material production due to El Niño, rising freight costs and geopolitical tensions are just some of the hurdles the coconut market has to face. Market players are correspondingly cautious.