Cashew declines on subdued demand

NEW DELHI: Cashew prices fell by Rs 10 per kg in the national capital today largely on the back of subdued demand from retailers and stockists amid adequate stocks.

Increased arrivals from producing belts also put pressure on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 10 each to settle at Rs 725-745, Rs 670-695, Rs 580-595 and Rs 500-550 per kg, respectively.

Marketmen said fall in demand against adequate stocks mainly led to a fall in cashew kernel prices on the wholesale dry fruit market here.

The following are today's quotations (per 40 kg): Almond (California) Rs 14,100 Almond (Gurbandi-new) Rs 7,300-7,700; Almond (Girdhi) Rs 3,600-3,800; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 500-550 per kg, Almond Kernel (Gurbandi-new) Rs 350-470 per kg.