Cashew Kernel Price Today
Cashew Kernel Price Today, August 16, 2017
W240: 5.20-5.25; W320: 5.05-5.15;
W450/ SW320/ LBW: 4.9-4.95;
DW: 4.5-4.6; WS/WB: 4.35-4.6;
LP: 3.75-3.85 (SP: Limited)
(Unit: USD/ Lb FOB HCMC/ Flexi packs)
Note: The above selling prices for non-Chinese markets/ Prompt shipment.
Thứ Sáu, 19 tháng 4, 2013
Steady international cashew market
APRIL 16, 2013
The international cashew market has been steady for several weeks – the undertone was reasonably firm in weeks 13 & 14 but was quiet on the softer side in week 15. Indiandomestic market which was very quiet for several weeks saw some activity in week 15 with a slight increase in prices.
During the last month, there has not been much change in price range – W240 from USD 3.90 to 4.10 / W320 from USD 3.35 to 3.50 / W450 & SW320 from USD 3.05 to 3.20, Splits from USD 2.20 to 2.30 and Pieces from USD 1.50 to 1.60 FOB. During this period, a reasonable volume has been traded for second quarter shipments, not much has been traded for thesecond half.
RCN prices have also been moving within a range. Good volume has been traded to Vietnambut movements from West Africa are slow. Lack of warehouse space in Abidjan is creating additional problems. There have been good efforts to educate farmers and traders about the need (and advantages) of proper handling of RCN between collection and shipment. But, the early rains in many areas are causing concern about the quality.
Higher price differentials for lower grades (higher availability due to mechanisation and poor RCN quality) effects drag on shellers cash flow, reduction in realisation per mt of RCN. Anothereffect is lower availability of white wholes even when there is no reduction in availability of RCN. This is changing the traditional parity calculations. Industry has to work on all angles to remedy this situation – better RCN quality, improvements in processing, new uses for lower grades.
In the next 8-10 weeks reports on the supply may be confusing but the picture will be clearer by the end June. But, overall feeling is that (a) availability in 2013 will be the same as 2012 (b) downside on prices limited (c) any price decline will be more or account of lower yield rather than increased availability.
Demand prospects continue to be hazy. Gut feeling is that demand in most markets should be better considering prices have been steady at relatively low levels for a reasonably long time. Except for 2011 when prices were very very high, usage in Asia has always been good.
Over the last few months, we have seen that when prices have been moving sideways in the 3.30-3.50 range. When prices are in the lower half of the range, there is good buying interestfrom all markets but selling is limited to nearbys (at that time some business is done for forwards at the higher end of the range). When nearby prices are at higher end of the range, buyers are reluctant to pay additional premium for forward positions and this makes the market quiet again. Unless something dramatic happens on the supply side leading to higher RCN prices, we expect that market will continue to move in the current range.
To sum up, we continue to believe that market will remain steady to firm during 2013 with some possibility of a limited dip in Apr/May if RCN prices come down and a strong possibility of higher levels in the second half of the year, especially if the RCN prices do not come down.
Source: Cashew India