Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Cashew prices declines on sluggish demand

Jan 11 2013, 15:42 IST
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SummaryCashew prices fell by Rs 5 per kg in the national capital today, owing to subdued demand from retailers and stockists.

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.

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