Archive for the Cashew Category
Psychological Bearish Mentality: Only Processors will Suffer Losses (1)
If some processors want bearish kernel market during their raw cashew procurement season, it is their mistake. Indian raw cashew market is rising on buyers’ support and the innumerable rural small-scale stockists are the main buyers! These raw cashew stockists are not bothered by any kind of fall in the cashew kernel as their selling [...]
India Budget 2012: Cashew Sector Needs Support
Indian Budget for the year 2012-13 will be presented in parliament on 16 March, 2012. Indian cashew sector, especially farmers and small-scale processors are expecting import Taxes on the unnecessary raw cashew and cashew kernel imports. Forex experts think that the current cashew policy is a big minus for the Indian Forex Reserves and the [...]
Such Opportunities Only Come Ones’ Way Once or Twice in a Decade?
Actually, there is good demand for cashew kernel in the Indian wholesale markets as consumption period is approaching fast. But some kernel speculators are spreading panic and are successful in bringing a big collapse in the market. Nobody is trying to prevent this kind of panic as almost all processors are now trying their best to [...]
Crop Report (March 2012)
There are many conflicting reports about the remaining raw cashew stocks of Tanzania. Tanzanian authorities should consider these important factors – 1) In the year 2011, global cashew crop suffered heavy damages in quality and even Tanzanian crop is not much superior in kernel size or in terms of wholes out-turn. 2) Long term storage always needs [...]
Indian Cashew Kernel Declines; But where are Sellers!
In India, second quarter is the ice cream season, which means cashew pieces season. July, August, September and October months are normally festival months, which means cashew wholes season. But March is the fiscal year-end month and the raw cashew season. According to some confident sellers, kernel speculators are trying their best to bring down [...]
Asian Raw Cashew Down, New Crop Arrival is Improving
Indian raw cashew prices are moving downwards because of buyers’ reluctance. New crop arrival is improving in almost all South-West coastal regions but West African cheaper raw cashew nut is now luring the Indian buyers. Vietnamese raw cashew market is also facing exactly the same situation or even worse as financially Indian cashew sector is much stronger .
Choosy Buyers are Not Interested in East African Last Lots
Bulk buyers are worried about the quality conditions of the remaining Tanzanian raw cashew stocks. According to some importers, better quality is largely sold out as the stocks are depleting day by day. Choosy buyers are not enthusiastic in the remaining or last lots. In reality, prices have not come down but prices are moving [...]
Demand for CNSL To Grow in Coming Years
Worldwide demand for Cashew Nut Shell Oil (CNSL) is rising on supply shortage and also due to increase in crude-oil prices. Indian sellers are asking above Rs30/kilo for immediate delivery and above Rs32/kilo for April delivery. In some areas, processors are purchasing shells around Rs7.40/kilo/Indian origin and around Rs 7.10/kilo/import origin. Most probably, CNSL is [...]
Shortage of Cashew Kernel in India
Indian raw cashew market is fast moving ahead on account of kernel shortage in North Indian shops. North Indian buyers are not getting adequate supply due to their price discrimination policy. Even if the grading standard is same, they offer different prices for a grade for different processors. Small-scale processors now like local exporters as [...]
Kerala Cashew Farmer Needs Budgetary Support
Government of Kerala is the real leader of the global cashew sector. Their cashew policy is always a direction to the private sector cashew trade. But their policy of fixing minimum billing rate for the inter-state movement of raw cashew nut is a failure. Growers are asking for a workable minimum purchase price. The government [...]
Save Indian Cashew, Save Real Taste (2)
At present, there is no big kernel stock outside India and hence the chances of sudden bulk kernel imports in to India is negligible. But according to some trade sources, cashew kernel is coming to India through different routes. Indian budget 2012 should impose import duty on – 1) Unnecessary kernel imports under the re-export [...]
Kerala Farmers Happy With the Minimum Billing Price
No big variations in the Indian cashew kernel but the interstate raw cashew trade is facing some problems in Kerala. In order to help the farmers, the government officials are trying to fix a minimum billing price and their minimum price is said to be Rs80/kilo. Traders are ready to give Taxes at Rs80/kilo but they are [...]
Competition Begins in Raw Cashew Market
Indian raw cashew prices are once again moving up on farmers resistance. According to trade sources, growers are selling only second class raw nuts due to unprofitable market conditions. If they get workable prices, they will certainly take interest in daily collection of the fallen nuts but if the prices shatter their dreams, they may [...]
West African Raw Cashew is Much Much Cheaper
West African raw cashew import is much cheaper to the Indian, Vietnamese and Brazilian processors. Though the out-turn and grades are below international standards, global buyers are attracted towards these markets only because of very very low prices. Why the prices dropped so low? Is it a temporary decrease? Is it because of over supply? [...]
Unexpected Rains in Indian Early Crop Areas
Along with the bright sunshine, some light showers fell on the cashew trees in Kerala and south interior Karnataka in the last 48 hours. These rains are good for the first crop but according to some weather experts, there will be more rains than the average rainfall, in the approaching summer season. More than the [...]
Revised Crop Report (February 2012)
New crop arrivals have started in almost all South Indian west coastal areas and are expected to pick up in the next 2-3 weeks. But this is not a buyers opportunity. Wholesale buyers are surprised by the fast improvements and small scale buyers are waiting for additional bank facilities. According to some crop analysts , [...]
No Big Welcome for Indian New Crop
New crop arrival is improving in South India but there is no enthusiasm in Kerala, Tamil Nadu and Andhra. Goa based processors are the main buyers in Kerala but they are not interested in general smaller nuts. Buyers from Karnataka are not yet ready for the undried quantity, so they are also choosy in their [...]
CNSL and Cashew Shells Improve on Slow Production
In India, cashew kernel market is sluggish despite election mood in 5 states. Production has come down but there is no significant rise in retail sales. CNSL (cashew nut Shell Liquid) is in demand on account of bullish trend in crude market and production slowdown in Kerala due to raw cashew shortage. According to some [...]
Save Indian Cashew, Save Real Taste (1)
Cashew industry is now a big Forex loss to the Indian treasury and the farmers are crying for an import ban. “Why the Government supports this much Forex loss? Why there is no import duty, no Vat or no APMC Tax on raw cashew imports? Why the Indian farmer should suffer Vat, APMC and permit [...]
Crop Report (February 2012)
In India the timely arrival of the new crop is not a cause of celebration as quantity is yet to pick up. Total new crop harvesting in February may not cross 10000-12000 Tons. This is mainly due to lack of interest in cashew farming in most of the early crop areas. Big season may start [...]
Missed Opportunity, Old Mentality and ‘April Dance’
It is pretty strange to see kernel sellers not to take the opportunity of price renegotiation, when the chances came in their way, especially in higher grades. A few exporters, with the same old mentality, are said to be still in a dilemma over any big improvements during their new-crop procurement season. As usual, bearish [...]
Political Compulsions and Forex Market
Nowadays, strength of the currency reflects the strength of the economy. Continuous slide in a currency results in stock market crash and spreads uncertainty in import-export as well as in each and every trade/service activities. It will also diminish the global image of the country and public image of the ruling party. Indian Government should [...]
Raw Cashew Halts Downtrend
Too much collapse is always too bad. At this point, East African farmers are successful in countering false propaganda, with mutual understanding and strong support from the Government agencies. A clear picture of the market and its direction may emerge in West Africa after February second week. Seasonal rush for the Beninese first crop (March to [...]
False Offers vs Genuine Offers
Some traders from West Africa are said to be offering ‘raw cashew 2012 crop’ at through away prices in a bid to bring down their local purchase prices. If the international market collapses during the procurement season, they can cover as cheaply as possible and gain profits as much as possible by refusing to honor [...]
No Changes in Raw Cashew Situation
Because of raw cashew shortage, Vietnamese cashew sector is fully enjoying their holiday vacation. Workers attendance may improve after the month-end or by the first week of February. In India, the eastern and north eastern cashew factories are facing raw cashew shortage but the problem is not yet severe. In the western parts, some import [...]
Seller’s Resistance is Inevitable
In the current kernel market conditions, sellers are not in a commanding position. But the panic sellers and rumor kings are shocked by the Indian rupee appreciation. Market Psychology has drastically changed its direction and the sellers thinking is now about the very survival of the industry. When there is raw cashew shortage and the loss [...]
