Demand of cashew to rally in coming months
Demand of cashew to rally in coming months Global demand for the cashew kernel has surged 53% since 2010, surpassing production in at least four of the past seven years. The cashew market is estimated to firm up this year with demand expected to rally in the coming months,traders said. India’s exports are seen lower with Vietnam capturing the market and Indian processors catering to the growing domestic market. India produces 6-7 million tonne raw cashew annually and had been till recently the leading supplier of kernels to global markets. Pratap Nair of Vijayalakshmi Cashews, one of the oldest cashew exporting companies, and chairman of the International Nut and Dried Fruit Council Congress said the market would firm up by April and expects a stable market in 2019. According to Pankaj Sampat of Mumbai-based Samsons Traders, the market will see higher prices in the second half (H2) of 2019 with W320 to trade around $4 per pound for some time with a strong p