Indian market is witnessing the Ramadan boom. Premium grade W320 is being sold at Rs6000/Tin/11.34 kilo/Goa-Mangalore/Immediate. One month forward sale might fetch even 2-5% more.
There is no significant demand for the West African last crop nuts. But stockists and speculators who have hoarded everything but the last crop are seeing good demand and gain.
Indian market is not short of raw cashew owing to slower processing in the last four months and excessive imports.
Source: World Cashew