The price of raw cashew nuts in the domestic market still maintained an uptrend
The price of raw cashew nuts in the domestic market still maintains an uptrend because the market is in a state of lack of local raw cashew supply. The reason is that the demand for raw cashew has increased, especially from the chopping furnace / small factory, now the deadline for cashew delivery is coming, while the source of raw materials has not been proactive, so they have to accept to buy at high prices. and the risk of loss is quite large. Although large factories still have demand, but due to high raw material prices, factories find it difficult to balance the selling price, so they choose to reduce capacity to wait for new market movements.
For Cambodian raw cashew, the transaction price also continued to increase strongly when the demand for buying Cambodian cashew increased because the export of salt-roasted products to the Chinese market continued to be active again. However, spot supply is scarce.
African cashew prices continue to increase about 500-2000 VND / kg compared with last week for ivory coast. Transaction prices in the domestic market also extended the rise compared to last week but the volatility was less than that of Cambodia.
For Indonesian raw cashew nuts in the new crop 2020, the transaction price is also adjusted to increase by 2,000 VND / kg (sold to the factory).
Price of white kernel continued to adjust by 5 cents / lbs due to scarce spot supply