Tuesday, February 18, 2014

Cashew Update

Indian and Vietnamese cashew market remains very quiet, with poor demand and sales for kernels.  Prices remain stable and there is a whisper of news that kernel prices may weaken below the current level as the harvest season approaches.

There are big lots of new seeds that are coming out to the market(RCN : Raw Cashew Nut), but the price is too much for the processors to pick up.  The RCN has hit a high record and it is very risky for packers to cover when the kernel market is weak

Well, at least there's SOME news.  Cashew may be only nut that's declining in pricing right now... instead of pecan pie, how about some cashew pie!...(someone should really come out with a recipe for that)

-T. Kim

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