Cashew prices declines on sluggish demand

Written by PTI | New Delhi | Updated: Jan 11 2013, 21:12pm hrs
Cashew prices fell by Rs 5 per kg in the national capital today, owing to subdued demand from retailers and stockists.

Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 690-745, Rs 665-685, Rs 585-605 and Rs 505-555 per kg, respectively.

Marketmen said fall in demand from retailers and stockists against adequate stocks, led to the fall in cashew kernel prices on the wholesale dry fruit market here.

The following are today's quotations (per 40 kg): Almond (California) Rs 14,400 Almond (Gurbandi-new) Rs 7,000-7,600; Almond (Girdhi) Rs 3,200-3,800; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 490-525 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.