Cashew Market Update - April 2023
The slowdown of the Ivory Coast crop continued during April. We are not seeing great arrivals in the second flush, which indicates that the Ivorian crop will likely end similar or close to last year’s crops.
Demand for in-shell has been on and off, but still strong in respect of volumes. We are not seeing a significant increase of available in-shell as unsold. Still, with Kernel demand not as expected, this situation may change during the next months.
Vietnam and India are keen to source further from WAF in-shells, which will likely hold in-shell price to drop further.
The industry remains covering hand-to-mouth for nearby terms, driven by the Europe industry. We will continue to see this pattern for some time more as pipelines remains fairly thin.
Across main destination market coverages beyond August are poor, hence more spot activity is expected to happen, cashews are well promoted on the shelves which will stimulate consumption.
• Hand-to-mouth coverage continued during the month of April.
• Kernel availability remain tight due to disparity.
• Ivory Coast second flush coming in below expectations.
• Overall demand remains sluggish for this time of the year.
• Overall supply of new crop in-shell doesn’t show shortages versus LY.
• Easter Kernel demand was below expectations.
Interested in buying bulk nuts and seeds? Register for OlamNuts.com to access high quality products, view live pricing and availability, and request free samples!
Please take care and stay safe and healthy
If you have any comments or suggestions, please write to me at email@example.com or message me on LinkedIn.
- Pasteurized Cashew Defatted FlourLogin For PriceOut of stock