Cashew declines on sluggish demand

NEW DELHI: Cashew prices declined up to Rs 10 per kg in the national capital on Saturday owing to fall in demand from retailers and stockists at existing higher levels. Adequate stocks following increased arrivals from producing belts also weighed on the cashew prices.

Cashew kernel (No 210 and 240) prices fell in the range of Rs 5 to Rs 10 to settle at Rs 590-600 and Rs 530-540 per kg, respectively.

Marketmen said subdued demand from retailers and stockists against adequate stocks mainly led to a fall in cashew kernel prices at the wholesale dry fruits market.

Following are today's quotations in Rs per 40 kg: Almond (California) Rs 10,200 Almond (gurbandi-new) Rs 4,800-4,900 almond (girdhi) Rs 2,400-2,600 and Abjosh Afghani Rs 10,000-20,000.

Almond kernel in per kg (California) Rs 360-365, almond kernel (gurbandi-new) (kg) Rs 300-340.