Cashew declines on sluggish demand - News Summed Up

Cashew declines on sluggish demand


Almond Kernel (California-new) Rs 545-555 per kg, Almond Kernel (Gurbandi-new) Rs 725-825 per kg. NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today due to sluggish demand from retailers and stockists amid adequate stocks.Increased arrivals from producing belts against low demand from bulk consumers also put pressure on the cashew prices.Cashew kernel (No 180, 210, 240 and 230) prices fell Rs 5 each to settle at Rs 895-920, Rs 820-845, Rs 695-720 and Rs 655-670 per kg, respectively.Marketmen said sluggish demand from retailers and stockists against increased arrivals, weighed on cashew prices.Following are today's quotations (per 40 kgs): Almond (California) Rs 15,400-15,500, Almond(Gurbandi-new) Rs 10,000-10,300, Almond (Girdhi) Rs 5,700-5,900; Abjosh Afghani Rs 5,000-22,000.


Source: Economic Times May 27, 2016 04:03 UTC



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