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Cashew declines on sluggish demand

NEW DELHI, Jan 16:  Cashew prices fell by Rs 10 per kg in the national capital today owing to low demand from retailers and stockists amid adequate stocks.
Increased arrivals from producing belts against slackened demand from bulk consumers also weighed pressure on the cashew prices.
Cashew kernel (No 180, 210, 240 and 230) prices fell Rs 10 each to settle at Rs 1,080-1,090, Rs 980-990, Rs 880-890 and Rs 780-790 per kg, respectively.
Marketmen said muted demand from retailers and stockists prevailing at higher levels against increased arrivals, weighed on cashew prices.
Following are today’s quotations (per 40 kgs):
Almond (California) Rs 17,300-17,500,
Almond(Gurbandi-new) Rs 12,100-12,300, Almond (Girdhi) Rs 5,700-5,800; Abjosh Afghani Rs 8,000-23,000.
Almond Kernel (California-new) Rs 610-620 per kg, Almond Kernel (Gurbandi-new) Rs 725-825 per kg. (PTI)

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