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News

Cashew market update

1. Raw cashew market

Weather in Asia looks favourable for the new crop starting in March.

Tanzania
Sold out it’s 2019 crop estimated about 210000 MT exports at about $1600-1650 / MT

Mozambique
Prices at USD 1275/ MT current crop has started shipping out.

2. Cashew kernel market

Buying interest for second and third quarters 2020 for A ranking Vietnam packers  FOB HCMC basis as follows;
W240: $3.55/LB
W320: $3.28 – 3.30/LB
W450: $3.05/LB
Sellers await raw nuts purchases before selling short later positions.


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