Cashew market continues to fall. This is the second time in last 4 months, the prices has reached the bottom. The reasons: - Demand from customers overseas is very limited. - Vietnam processors have bought RCN in bonded warehouse a huge quantity as the prices are cheaper almost 300-400usd/MT when compared to last 2 months. => a lot of stock available for both RCN and Kernels. - Financial problems.
The market of cashew nut kernels is not so easy these days. Demand is slow and some processors have to lower their price to get their product sold and pay off their loans. Over the last eight to ten days, we have seen a fall in prices. Exporters are expecting prices and demand will increase for last quarter. Offers today: USD/lb FOB HCM - September/ Early October shipment Flexipack