This is a quarterly update to SVC's Cashew Price Index, first published covering H1 2026. It extends the tracked data through the third quarter using SVC's own published FOB figures, most recently confirmed on 4 September against the 13 July reading.
📊 Q3 in the dataWhat Actually Moved Between July And September
| Grade | 13 July | 4 September | Q3 movement |
|---|---|---|---|
| WW180 | $9.60/kg | $9.60/kg | Unchanged |
| WW240 | $7.90/kg | $7.90/kg | Unchanged |
| WW320 | $7.05/kg | $7.05/kg | Unchanged |
| DW320 | $5.10/kg | $5.20/kg | +$0.10 |
| LP | $5.00/kg | $5.10/kg | +$0.10 |
| SK | $4.20/kg | $4.30/kg | +$0.10 |
The pattern that defined this quarter was detailed fully in our September market update: every whole kernel grade held completely flat through the deepest part of the lean season, while every broken and piece grade moved up by an identical ten cents. That is a clean, specific signal, not a broad seasonal drift — and it stands in contrast to the steadily widening WW240–WW320 spread that characterised H1.
H1 2026 was defined by the WW240–WW320 spread widening from $0.35 to $0.90. Q3 was defined by that spread holding exactly flat while a different signal — the broken grade discount narrowing — emerged instead. The story shifted from premium-grade divergence to ingredient-grade tightening.
WW320 And WW240 Since January
| Period | WW320 | WW240 | Spread |
|---|---|---|---|
| January 2026 | $7.10 | $7.45 | +$0.35 |
| H1 close (30 Jun) | $7.00–7.20 range | $7.40–7.80 range | Up to +$0.90 by July |
| 13 July 2026 | $7.00 | $7.90 | +$0.90 |
| 4 September 2026 | $7.00 | $7.90 | +$0.90 — unchanged |
Two Open Questions For The Final Quarter
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