Prices fell due to good cashew crop in West Africa and lack of export support.

25-Dec-2024 08:26 AM

Prices fell due to good cashew crop in West Africa and lack of export support.
Price Decline: Cashew prices have dropped by 8% in the last month due to a good crop in West Africa and lack of export support.
Weak Demand: Demand from the U.S. and Europe is low, adding pressure on prices.
Current Prices:
Vietnam WW320 kernels: $1600-$1620/ton (down from over $1700/ton).
Raw cashew prices: Guinea Bissau - $1590/ton, Indonesia - $1888/ton, Tanzania - $1864/ton.
El Niño Impact: Adverse weather in 2024 initially raised prices, but they are now softening.
India Market:
Post-Diwali, prices have been consistently declining.
New cashew harvesting begins in March, with increased production expected due to favorable Kharif season rains.