For the first time on the global market for cashew, the price of the original Vietnam Cashew Almond outpaced originally from India, either for whole or broken kernels, said in his letter Rongead n'kalo . An evolution for the less " surprising ," the specialist.
As for the raw nuts, Indian importers have reduced their orders in West Africa since the import price is higher than the local price. Indeed, there is currently in India to the arrival of the harvest and the price fell to $ 1850-2050 per tonne against $ 2100-2400 mid-March.
In Vietnam, prices of raw nuts are up to $ 2100-2200 per ton and this trend is expected to continue because some processors and importers have placed orders for the month of May at prices above $ 100 a tonne to those March, reports n'kalo .
"In a context of global production still difficult to estimate even if the news is good both on the part of India that the West African side, fears for the Vietnamese harvest (and Cambodian) therefore seem to draw prices up on a basis far very speculative, "concluded the expert.