Week 2nd of September: Transactions are still active due to high purchasing demand from the factory
Purchase of raw cashew nuts in the domestic market continued to be active as factories increased capacity in the context of high spot kernel prices. However, the transaction price was stable compared to the set level from last week, even turned down slightly compared to Cambodian raw cashew. Domestic buying demand is still mainly high recall, mainly from 48lbs or more, with almost no transaction for inferior quality products due to the rate of breakage, if splitting, if splitting, it will suffer losses.
This week, the price of Cambodian raw cashew has turned down by 20 dong / recall compared to the end of last week. For low-recovered goods of 23-24% or less, the factory has no need to buy.
For African cashew, factories now deal the most with IVC and Guinea-Bissau.
Tanzania will start the new trading season in early October, three weeks earlier than last year to ensure 90% of the raw cashew is sold out by December 2020.
Prices of high-end dignity: W320 and W240 continue to increase in which the price of W320 kernel increases by 5-10 cents / kg compared to last week.
The price of low-end, low-grade cashew has dropped sharply, so the factory currently has only the need to buy high-recovered raw material from 48lbs or more (equivalent to 27% or more).