In India, there is no accumulated kernel stock with processors, wholesalers or retailers. Production has also come down because of the wedding and holidays season.
Recent duty hike on imports may become a long term protective measure to the domestic cashew industry.
Even then, the attitude of the North Indian buyers is still – ‘wait and watch’ !
Premium W320 has dropped to Rs 5850/including CST/11.340 kg/ in Goa and Rs 5750/including CST/11.340 kg in Mangalore.
Source: World Cashew