Cashew declines on subdued demand

NEW DELHI, Dec 6:  Cashew prices fell by Rs 5 per kg in the national capital today largely on the back of subdued demand from retailers and stockists.

Sufficient stocks position following increased arrivals from producing belts too weighed on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settled at Rs 880-900, Rs 780-800, Rs 650-660 and Rs 550-600 per kg, respectively.

Marketmen said fall in demand from retailers and stockists amid adequate stocks, mainly led to fall in cashew kernel prices on the wholesale dry fruit market here.

The following are today’s quotations (per 40 kg):

Almond (California) Rs 17,000 Almond (Gurbandi-new) Rs 8,000-8,400; Almond (Girdhi) Rs 4,000-4,400; Abjosh Afghani Rs 8,000-25,000.

Almond Kernel (California-new) Rs 585-615 per kg, Almond Kernel (Gurbandi-new) Rs 470-520 per kg. (PTI)