Cashew prices rise on fresh buying

Jan 28 2013, 15:07 IST
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SummaryCashew prices rose by Rs 5 per kg in the national capital today largely on the back of fresh buying by retailers.

Cashew prices rose by Rs 5 per kg in the national capital today largely on the back of fresh buying by retailers and stockists amid low stocks. Tight supplies from growing regions also supported the upside in prices.

Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 each to conclude at at Rs 705-765, Rs 685-705 Rs 605-625 and Rs 525-575 per kg, respectively.

Marketmen said increased buying by retailers and stockists against tight supplies from growing regions, mainly pushed up cashew prices.

The following are today's quotations (per 40 kg): Almond (California) Rs 14,900 Almond (Gurbandi-new) Rs 7,300-8,000; Almond (Girdhi) Rs 3,500-4,200; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 500-550 per kg, Almond Kernel (Gurbandi-new) Rs 400-450 per kg.

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