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Why the Cashew market is quiet |
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Source: Commodity Online October 6, 2007
Cashew market has been very quiet for the last two weeks
although limited quantities of W320 were sold around 2.20/22 FOB to
regular markets and few cents higher to off markets.
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Guinea Bissau: Low Cashew Prices Could Spell Hunger, UN Warns |
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Source: allafrica.com October 5, 2007
Fatou Nasanha and her two sons thrashing rice at Bedanda in
southern Guinea Bissau, 25 January 2007. "We like to eat rice but it's
easy to grow cashews." The price cashew farmers are getting for
their produce is so low this year that they might not be able to buy
enough food for their families, the UN warns.
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Strong rupee takes sheen off cashew exports |
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Source: Commodity Online October 2, 2007
There is more trouble brewing for the cashew kernel exporters in
India. They are already reeling under severe crisis due to competition
from Vietnam and a fall in export volumes. Now, the strengthening
rupee has put them in more trouble.
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Vietnam Eyes Bigger Cashew Export in 2020 |
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Source: Peoples Daily Online September 24, 2007
Vietnam
has targeted cashew export revenues of 820-850 million U.S. dollars in
2020, up from estimated 560 million dollars in 2007, local newspaper
Investment reported Monday. The country has planned to increase
its cashew output to 666, 000 tons in 2020, from expected 500,000 tons
in 2010, the paper quoted sources from the Vietnamese Ministry of
Agriculture and Rural Development.
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Little Activity in Cashew Market |
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Source: Commodity Online September 22, 2007
There was very little activity in cashew market this week and
no change in prices. Stray trades reported W240 around 2.65, W320
around 2.25, W450 around 2.10, Splits around 1.80 FOB. Prices from
Vietnam and Brazil were almost the same
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Cashew News 
