The decline in cashew costs appears to have stopped during October, with charges of W320 grades moving up by few cents.

Small Vietnam processors who had offered W320 as low as $3.20 to a few.30 cents FOB are actually soliciting for $three.35-3.40 FOB. The higher processors are capable of promote at $3.50-3.60 FOB.

In India, W320 is trading within the variety of $ 3.75-three.Ninety five FOB and there may be an affordable shopping for hobby from USA and EU for shipments up to March andApril 2019, said Pankaj N.Sampat, Samson Traders, Mumbai.

The costs for West Africa RCN in Vietnam and India are solid in $1,300-1,six hundred variety. Traders inventories of West Africa RCN in Vietnam and in India are being picked up quicker than preceding months and could in all likelihood be used up by December.

With restrained availability, Sampat stated desirable best Indonesia RCN are being traded at round $1,seven hundred. The crop in Tanzania seems to be right (close to 300,000 tonnes) and the farmer cooperatives are resisting lower prices.

So a ways most effective a small quantity has been traded due to the fact RCN investors and processors are reluctant to pay the excessive charges that cooperatives are searching out (equal of approx $1,800). The trendy feeling is that fees could ease a bit at some stage in November/December but now not an excessive amount of.

With the cutting-edge stages, there’ll in all likelihood be interest from the outlets and roasters to cover a few extent for next four to 6 months. It could be reasonable to assume the market to transport in 3.50-four.00 range within the following few months.

It may be recalled that cashew prices have come down appreciably in view that the beginning of this yr. There has been a decline of approximately 30 in step with cent from range of $four.75-five.00 FOB in January/February to a low of $three.20-3.Forty FOB from Vietnam in September.