Cashew consumption fell in India during Q2 and Q3 Supply crunch may cause global cashew prices to remain steady or firm up slightly till March. “The off-take in November – December will determine the trend of kernel activity in January/February. Kernel prices will impact the raw cashew nut (RCN) demand and prices when it is harvested later during the year,” said Pankaj N Sampat of Samson Traders. “RCN prices ($1,400-$1,500 per tonne) are slightly higher than lows reached in April/May. They may come down during the peak of 2021 harvest […]
Cashew industry may face huge losses as processing disrupted
The Federation of Indian Cashew Industry in a letter to the Centre has said around 15,000 tonnes of cashew kernels valued at Rs 9,000 crore are stuck in different stages of processing at the factories across India due to the lockdown. It noted that though food processing has been declared as an essential service, many state governments have not given the permission to operate cashew units. KOCHI: The delay in permission by various state governments to operate processing units has led to an accumulation of cashew nuts at various stages […]