Cashew declines on subdued demand

NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today largely due to subdued demand from retailers and stockists at existing higher levels.

Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 835-960, Rs 775-855, Rs 645-705 and Rs 590-655 per kg, respectively.

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

The following are today's quotations (per 40 kg): Almond (California) Rs 17,400 Almond (Gurbandi-new) Rs 8,500-8,900; Almond (Girdhi) Rs 5,100-5,600; Abjosh Afghani Rs 12,000-24,000.

Almond Kernel (California-new) Rs 605-630 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.