In the new year, cashew kernel trading is stable, cashew prices rise slightly

According to collaborator of Vinacas in China, the Chinese market after the Lunar New Year, The inventories lower, especially at Dien Bach and Guangzhou. So Chinese customers visitors began asking to buy more to serve the needs of New Year market, transaction prices stable.

European and North America has a number of spot transactions, mainly for WW240 and WW320. Some remote communication needs to buy from April to June / 2016. For broken grade, the transaction is rarely. The price rise slightly and price offer is differences in some code depending on brand of factories. Refer to cashew prices offered for the North American market, Europe Feb 24: (Unit: USD / lb FOB Tp. HCM): W240: 3.7 to 3.8; W320: 3.5-3.6; W450 / SW / LBW320: 3.3 to 3.4; DW: 3.2 to 3.25; WS / WB: 3.15 to 3.25; LP: 3.0 to 3.1.

*** According to collaboration of VINACAS in Binh Phuoc, Dong Nai, Tay Ninh and Cambodia,  2016 season in Vietnam and Cambodia is late than in previous years, business may be flourish .

Similar to Vietnam, as noted by collabarator of VINACAS in Africa, the crop in West Africa also arrived lately, the beginning of the transaction price is high, but this year both sellers and buyers are cautious because of the current price is more than 1400 USD /Mt for CIF HCM city for Ivory Coast original with OT 48 Lbs / 80kgs, a very high degree of risk.


Sourse: Vinacas.


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