Cashews Market Report – August 2018
The cashew kernel market is stable during past two weeks, with a slight downward trend. Market in Europe and US are quiet because of summer holidays, however it seems that local markets in Vietnam and India do have sufficient demand. RCN stocks from West-Africa are moving slowly but surely to Vietnam and India. Still quite some product is available in Nigeria and Ivory Coast which is sold on levels between the 1.250-1.350 USD/mton CNF for KOR’s around the 44-46. New Indonesian crop starts to being offered at levels around the 1.750 USD/mton for KOR 54+. All in all actual RCN prices seem to be in line with the actual kernel prices, so if supply and demand remain balanced no major price corrections are expected. Although still quite some RCN traders and processors are sitting with high priced RCN stocks from West-Africa in their books.