The cashew market today is experiencing some notable dynamics. Prices have seen a general upward trend due to a mix of supply shortages and market adjustments. The current market situation highlights the importance of adaptability for processors and buyers alike as they navigate these fluctuations.
As of early August 2024, cashew nut kernel prices differ by area. For example, prices in India are around USD 9.72 per kg, whereas in Russia prices are around USD 7.27 per kg.
China is low demand, Central Asia is waiting price down lower than USD 7.20/kg
EU sometimes bought new high price to combine with old price then wait.
USA is buying slower than usual.
Globally, factors like as stronger economic circumstances and growing demand in Asia are supporting the market's resiliency.
Furthermore, logistics problems causing extreme high ocean freight every months.
Source : SVC Cashew