Cashew declines on subdued demand

NEW DELHI, June 7:  Cashew prices fell by Rs 5 per kg in the national capital today largely due to subdued demand from retailers and stockists.
Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices.
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to be settled at Rs 830-840, Rs 730-740, Rs 610-640 and Rs 520-540 per kg, respectively.
Marketmen said fall in demand from retailers and stockists against adequate stocks, mainly led to the fall in cashew kernel prices.
The following were today’s quotations (per 40 kg):
Almond (California) Rs 17,600 Almond (Gurbandi-new) Rs 8,200-8,400; Almond (Girdhi) Rs 4,500-4,800; Abjosh Afghani Rs 8,000-22,000.
Almond Kernel (California-new) Rs 600-625 per kg, Almond Kernel (Gurbandi-new) Rs 500-540 per kg. (PTI)