Cashew prices decline on subdued demand

Written by PTI | New Delhi | Updated: Jan 17 2013, 22:38pm hrs
Cashew prices fell by Rs 5 per kg in the national capital today largely on the back of subdued demand from retailers and stockists amid adequate stocks.

Increased arrivals from producing belts also put pressure on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 700-760, Rs 680-700, Rs 600-620 and Rs 520-570 per kg, respectively.

Marketmen said fall in demand against adequate stocks mainly led to a fall in cashew kernel prices in the wholesale dry fruit market here.

The following are today's quotations (per 40 kg): Almond (California) Rs 14,600 Almond (Gurbandi-new) Rs 7,100-7,800; Almond (Girdhi) Rs 3,300-4,000; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 495-545 per kg, Almond Kernel (Gurbandi-new) Rs 400-450 per kg.