Purchasing transactions in the domestic market continued to be active as factories increased operating capacity amid rising spot prices.
For Cambodian raw cashew, the transaction price also continued to increase strongly when the demand for buying orange cashew increased due to the resumption of roasted salt-roasted products to China. This week, Cambodian cashew prices continued to increase sharply compared to the end of last week.
Meanwhile, the price of Cambodian cashew transacted at the border gate deducted 20 VND for each lower recovery (the transaction price of Tay Ninh / Binh Phuoc border gate). According to traders, the buying price at the border gate is increasing faster than the selling price at Binh Phuoc factory, so there are few units buying in at this time. The price offered by Orange is mainly the expected price. However, according to traders, many cashew buying clues turn to direct collection in Cam, pushing up Cambodia's transaction prices, while domestic inventories in Cam also tend to drop sharply. In recent times, when many young factories started to operate, thereby, the price of raw orange cashew is expected to maintain an uptrend in October.
African cashew prices continue to increase by about 1,000 VND / kg compared to last week and transactions mainly take place with high quality shipments, recovered from 28% or more due to the high demand in the market. W240 and W320 raw
According to traders, the demand for cashew raw materials from the Indian market increased sharply to serve the holiday season / year-end, thereby Africa diverted to export to the Indian market more, especially the quality shipment. This makes the supply of Vietnam decrease. The asking price of the Vietnamese market continues to push up, but according to the judgment, the momentum of the African cashew increase may be confirmed in the next 1-2 weeks because the processing units will have to balance costs. in the context of raw material prices increasing much faster than the increase in kernel prices.
Price of white kernel continues to adjust to increase 10 cents / lbs due to scarce supply.