Cashew market update
January 24, 2020 | 0 Comments
1. Raw cashew market
Weather in Asia looks favourable for the new crop starting in March.
Sold out it’s 2019 crop estimated about 210000 MT exports at about $1600-1650 / MT
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;
W320: $3.28 – 3.30/LB
Sellers await raw nuts purchases before selling short later positions.