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  • H1 cashew exports decline on slack demand

    Nov 20th, 2012

    <p></p><p>Exports of cashew kernels during the first half of the current fiscal declined sharply. Shipments during the period were 45,572 tons valued at ` 1,891.62 crore against 54,108 tons valued at ` 2,148.82 crore in the corresponding period last year. The average unit value was at ` 415.09 a kg (` 397.13).</p> <p>Imports of raw cashew nuts also fell during the first six months of the current fiscal to 5,08,020 valued at ` 3,081.69 crore from 5,82,470 tons valued at ` 3,681.49 crore in Apr - Sep 2011. The unit value this fiscal was at ` 60.66 a kg (` 63.20), according to Cashew Export Promotion Council of India (CEPCI) sources. </p><p>They attributed the fall in exports to the fragile economic conditions prevailing in major consuming countries and the tough competition from other tree nuts. </p><p>Prices firm/steady</p> <p>Meanwhile, prices of white whole cashew kernels continued to inch up last week in the international markets. However, not much change was seen in price for other grades. “Activity was limited as there was reluctance amongst buyers to pay higher prices and amongst shellers to sell at the last traded levels”, Pankaj N. Sampat, a Mumbai-based dealer, told Business Line. </p><p>The domestic market was quiet following the peak activity in end Oct/early Nov before the festivals. Prices for wholes in the intra-sheller market moved up smartly in the last few days. </p><p>Price range last week was W240 from $3.85-3.95; W320 from $3.35-3.45; W450 from $3.10-3.15; SW320 from $2.90-3.05; SW360 from $2.75-2.85; splits from $2.15-2.25; butts from $2.25-2.30; pieces from $1.65-1.75 an lb (f.o.b).<br></p><p></p>


    Source: Hindu business line.
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