Cashew market was steady with a firm undertone last week and witnessed reasonable activity with Europe and the US and some sales were reported to off markets as well.
After two weeks of decent activity, cashew market was a bit quieter in Week 43 but with a steady to firm undertone. There continues to be good interest for W240 & W320 at the last traded levels but most processors are asking few cents more. There was some activity in other grades which is a welcome change from the last several weeks when most grades were neglected. Activity picked up in Indian domestic market with a reasonable (not large) uptick in price for good quality product
This month, Mim Cashew is set to be officially certified under the ACA Quality and Sustainability Seal. The Ghanaian processor, with facilities in the Brong-Ahafo region of the country, will be the second company to receive this approval, following the inaugural certification of Tolaro Global in May of this year.
The cashew market remained unchanged last week with some slight pick up in enquiries not translating into actual business. There was reasonable buying interest at the lower end of the range for nearbys as well as forwards but selling interest at the lower levels was limited.
Vinacas just adjust the plans to export the whole year 2012 in the direction of cashew kernel exports in 2012 to about 190,000 tons, worth about $ 1.3 billion U.S
India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy.
Facing a series of Vietnamese agricultural container exports to China was jam stasis at the gate, VN Association (Vinacas) had recommended urgent issue cashew-border transactions with China ...
Cashew market ruled steady last week with hardly any business reported even though there was a fair amount of buying interest seen from some traders in the US and Europe at lower end of the range.
After several weeks of decline, cashew market seems to have stabilised in the last couple of weeks. There were no offers at the very low levels traded in the middle of last week of July. Although there was not much activity during the last week or ten days, offered levels moved up a few cents, according to the trade.
Ministry of Agriculture and Rural Development estimated seven months of the year, the export volume reached 120 thousand tons, turnover of 828 million.