Discounts in top buyer China deepened to $30-$25 an ounce versus global benchmark prices, from $20-$25 last week.

the Indian kernel is priced at $3.60 per pound against Vietnam’s $3.45 per pound

From a peak of Rs 150-160 per kg last year, farmers are now getting Rs 125-130 per kg, said traders.

The price gains came amid a plunge in the rupee, which fell to a record low against the dollar on Friday.

The festival season will start by the end of the month and the market is looking up

India meets over 60% of cashew processing needs from import.

Cashew kernel exports at 8,680 tonnes valued at Rs 586 crore in January is up 17% in quantity and 46% in value from a year ago.

India is the largest consumer of cashew in the world, but consumption has taken a hit owing to the liquidity crunch following demonetisatio...

Rising consumption of cashew in India has led to a proliferation of processors in the country. As a result the exporters could not get adeq...

India imports around 60% of its requirement of raw nuts for processing, mostly from African countries.

Now over 60 % of the total requirement for raw nuts of around 16 lakh tonnes is imported with the rest coming from the domestic production.

India's loss has been the gain of Vietnam, whose exports have surged 28 per cent in the last few months, according to trade reports.

“The annual Indian consumption is hovering around 2 lakh tonne compared with about 1.3 lakh tonne in the US and 80,000 tonne in Europe.”

Although exports have shown an 8% jump in volumes and a 5% rise in value at 101,176 tonne worth Rs 4,098 crore for the period to Dec.

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