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CASHEW WEEK A WEEKLY NEWSLETTER
Volume 19 | Issue 24 | Jun 03
CASHEW WEEK A WEEKLY NEWSLETTER
24 | Jun 03-09, 2018
Released on June 11th,
IN THE CASHEW WEEK
Cashewinfo Market Summary
Cashew Expe
India Exim Data : April US Cashew Import Data
International Prices of Nuts
Domestic Prices of Nuts
Currency Movement and Outlook Almond Report
Health Benefits
Volume 19 | Issue 24 | Jun 03
2018
IN THE CASHEW WEEK..
Cashewinfo Market Summary
Cashew Experts Market Commentaries – India and International
India Exim Data : April-2018
US Cashew Import Data: April-2018
International Prices of Nuts
Domestic Prices of Nuts
Currency Movement and Outlook
Almond Report
Health Benefits
24 | Jun 03-09, 2018
and International
Global Cashew Market at a Glance India In India RCN traded between
and INR 145 per kg during last week.
The imported RCN ranges from
1650 to USD 2100 per ton, Mangalore
port, Cote d’Ivoire being the lowest
and Guinea Bissau at the higher end.
India’s RCN imports during April
came in at 47,522 tons with value
being USD 105.36 million as against
41,045 tons imported in April-2017, with
value being USD 79.57 million.
In the first four months of 2018
imports totalled 153,404 tons, valued
USD 357.52 million as against 199,438
tons imported during the same period
in 2017 with value being USD 408.39
million.
Cashew kernel price in Mangalore for
the whole grades continues to remain
either unchanged or subdued in the
last one month or so. But splits and
pieces such as JH, S, K and LWP
moved up about 3 percent in the last
one month.
India’s cashew kernel exports
2018 came in at 4,278 tons, valued
USD 45 million.
In the first four months of 2018
kernel exports totalled 22,229 tons
valued USD 226.65 million as against
29,385 tons exported during the same
period in 2017 valued at USD 286.47
million.
USA The USA imported 11,613
cashew kernels during April-2018,
Volume 19 | Issue 24 | Jun 03
Global Cashew Market at a Glance
between INR 130
and INR 145 per kg during last week.
ranges from USD
, Mangalore
the lowest
the higher end.
India’s RCN imports during April-2018
522 tons with value
being USD 105.36 million as against
2017, with
.57 million.
In the first four months of 2018, RCN
led 153,404 tons, valued
USD 357.52 million as against 199,438
tons imported during the same period
in 2017 with value being USD 408.39
Cashew kernel price in Mangalore for
to remain
either unchanged or subdued in the
last one month or so. But splits and
pieces such as JH, S, K and LWP
in the last
India’s cashew kernel exports in April-
2018 came in at 4,278 tons, valued
In the first four months of 2018, cashew
led 22,229 tons with
valued USD 226.65 million as against
29,385 tons exported during the same
USD 286.47
tons of
2018,
valued at USD 118.12 million
11,029 tons imported in April
In the first four months of 2018
kernel imports totalled 41,391
valued USD 429.08 million.
During the same period in 2017
imported 39,435 tons valued USD
382.22 million.
Benin In Benin, raw cashew nut prices have
been more or less stable over the past
two weeks. Nuts are offered up to 500
FCFA per kg (USD 0.90) for the second
harvest and in the region of 550 and
650 FCFA per kg (USD 0.99-
first harvest products having a better
quality, that are still available with few
traders. Prices in Cotonou are in the
range of 750 and 850 FCFA per kg
(USD 1.35-1.53). RCN of Beninese
origins are quoted between 1700 and
1800 USD/MT for 46-47 lbs.
Cote d’Ivoire The raw cashew nut market saw a
slight recovery in prices over the past
week. In most of the producing
regions, nuts were available in the
range of 400-500 FCFA per kg (USD
0.72-0.90). There is some improvement
in quality because the producers
effectively dry and sort their products
so that they can sell them at a better
price. However, some players continue
to hold their stocks in the hope of
obtaining higher offers going forward.
The RCN of Cote d’Ivoire origin is
offered between 1650 and 1750
USD/MT FOB for 45-46 lbs.
24 | Jun 03-09, 2018
million as against
11,029 tons imported in April-2017.
months of 2018, US
kernel imports totalled 41,391 tons,
During the same period in 2017, US has
valued USD
In Benin, raw cashew nut prices have
been more or less stable over the past
two weeks. Nuts are offered up to 500
FCFA per kg (USD 0.90) for the second
harvest and in the region of 550 and
-1.17) for the
first harvest products having a better
quality, that are still available with few
traders. Prices in Cotonou are in the
range of 750 and 850 FCFA per kg
1.53). RCN of Beninese
origins are quoted between 1700 and
The raw cashew nut market saw a
slight recovery in prices over the past
week. In most of the producing
regions, nuts were available in the
500 FCFA per kg (USD
0.90). There is some improvement
ty because the producers
effectively dry and sort their products
so that they can sell them at a better
price. However, some players continue
to hold their stocks in the hope of
obtaining higher offers going forward.
The RCN of Cote d’Ivoire origin is
red between 1650 and 1750
Cashew Kernel Tuticorin FOB Cashew Kernel price USD per lb
Vietnam FOB Cashew Kernel price USD per lb
Cashew kernel prices during last week
of 2018. The fall in price is more for whole grades when compared with that of
broken. Prices may not fall much and are likely to get support at every dips.
Volume 19 | Issue 24 | Jun 03
Tuticorin FOB Cashew Kernel price USD per lb -India
Vietnam FOB Cashew Kernel price USD per lb
during last week traded at its lowest level since the beginning
of 2018. The fall in price is more for whole grades when compared with that of
broken. Prices may not fall much and are likely to get support at every dips.
24 | Jun 03-09, 2018
traded at its lowest level since the beginning
of 2018. The fall in price is more for whole grades when compared with that of
broken. Prices may not fall much and are likely to get support at every dips.
Source: Cashewinfo.com
CASHEW MARKET COMMENTARIES FROM
We see the market as in something of a logjam at the moment. RCN is not moving
well and prices falling at the farm gate in West Africa as inventory and disrupted
cash flow slow down the usual supply chain. On the kernels demand side conflicting
information could add up to a similar scenario. Roasters and retailers tell us that
product off take is down or flat but import statistics tell us that import volumes are up.
If both are correct then that too adds up to inventory at destination. Inventory at
destination should mean that buyers will slow down their buying. Eventually inventory
at processors will increase unless of course they float it back upstream to RCN
traders and exporters by slowing down payments and shipments. Not enough
funding and a good crop w
Logically the place to leave the inventory of RCN is at origin but the risk is that
without infrastructure in West Africa that the product loses quality and outturn. In
cashews however the RCN supply chain is
quality is only important once it is bought. Unless something changes lower quality
and lower prices seem likely now but kernels buyers may take another tranche of
cover in June to reverse the “processing parity” d
Source: Jim Fitzpatrick, ISS/Natural Protocol Ltd
3.00
3.50
4.00
4.50
5.00
5.50
1 3 5 7 9 11 13
usd
/lb
Volume 19 | Issue 24 | Jun 03
CASHEW MARKET COMMENTARIES FROMEXPERTS
We see the market as in something of a logjam at the moment. RCN is not moving
well and prices falling at the farm gate in West Africa as inventory and disrupted
cash flow slow down the usual supply chain. On the kernels demand side conflicting
could add up to a similar scenario. Roasters and retailers tell us that
product off take is down or flat but import statistics tell us that import volumes are up.
If both are correct then that too adds up to inventory at destination. Inventory at
ion should mean that buyers will slow down their buying. Eventually inventory
at processors will increase unless of course they float it back upstream to RCN
traders and exporters by slowing down payments and shipments. Not enough
funding and a good crop would usually mean lower prices and here we are.
Logically the place to leave the inventory of RCN is at origin but the risk is that
without infrastructure in West Africa that the product loses quality and outturn. In
cashews however the RCN supply chain is trader driven meaning that protection of
quality is only important once it is bought. Unless something changes lower quality
and lower prices seem likely now but kernels buyers may take another tranche of
cover in June to reverse the “processing parity” discussion.
Source: Jim Fitzpatrick, ISS/Natural Protocol Ltd
15 17 19 21 23 25 27 29 31 33 35 37 39 41 43
W320 Tuticorin FOB
2016 2017 2018
24 | Jun 03-09, 2018
We see the market as in something of a logjam at the moment. RCN is not moving
well and prices falling at the farm gate in West Africa as inventory and disrupted
cash flow slow down the usual supply chain. On the kernels demand side conflicting
could add up to a similar scenario. Roasters and retailers tell us that
product off take is down or flat but import statistics tell us that import volumes are up.
If both are correct then that too adds up to inventory at destination. Inventory at
ion should mean that buyers will slow down their buying. Eventually inventory
at processors will increase unless of course they float it back upstream to RCN
traders and exporters by slowing down payments and shipments. Not enough
ould usually mean lower prices and here we are.
Logically the place to leave the inventory of RCN is at origin but the risk is that
without infrastructure in West Africa that the product loses quality and outturn. In
trader driven meaning that protection of
quality is only important once it is bought. Unless something changes lower quality
and lower prices seem likely now but kernels buyers may take another tranche of
45 47 49 51
Vietnam: Market continued to be weak with slow demand from buyers. Limited
trades were done for nearby shipment under market indication as medium packers
who need to move the goods rather than sitting and waiting. Good medium
packers traded W320 at Usd 4.25, W240
Usd 3.55- 3.60 per lb fob for Jun
are not going down due to tight supply of pieces in the market and this is the reason
why prices are not yet down at the time being.
Top packers are not in a hurry to sell with downtrend of the marke
books are fully booked. It is reported that due to sluggish demand of kernels market,
small and medium processors have shut down their units as they have faced heavily
losses due to high price of Rcn and cheap price of kernels.
high price for Rcn and there is a big gap between kernels and Rcn prices, forcing
packers to lose money from their pockets. Demand is there
be traded is a big question. All buyers are sitting and watching the moveme
market and with the anticipation that market will further go down in the coming time
due to sluggish demand of kernels. While packers think that market will somehow
recover in the coming weeks as buyers will have to cover more goods and with low
inventories from importing origin
will tell, in the coming week
supported, otherwise will go down slightly.
Source: Kim, Khiem Nguyen Co., Ltd, Vietnam
Senegal
• Shipment from Ziguinchor has
• A vessel that can carry about 2000Mt per
happening
• Road ban to move RCN to Gambia
• About 15,000MT has been brought
• Shipments are still a bottleneck
• Local prices vary from CFA 800
• The rains are expected to
Gambia
• Local prices were firm and are
in Bissau that happened over the
• Shipments are happening without any
• The flow Is less, the quality
lbs and 53 lbs
• The local price is between 75
• The C&F cost is about $ 1950
• The rains are expected to
Source: Amrith Kurien, ComAfrique
Volume 19 | Issue 24 | Jun 03
Market continued to be weak with slow demand from buyers. Limited
done for nearby shipment under market indication as medium packers
who need to move the goods rather than sitting and waiting. Good medium
Usd 4.25, W240 at Usd 4.35-4.50, WS at Usd 4.05
3.60 per lb fob for June and FH (first half) of July shipments. Pieces prices
are not going down due to tight supply of pieces in the market and this is the reason
why prices are not yet down at the time being.
Top packers are not in a hurry to sell with downtrend of the market as their contract
books are fully booked. It is reported that due to sluggish demand of kernels market,
small and medium processors have shut down their units as they have faced heavily
losses due to high price of Rcn and cheap price of kernels. Packers have paid very
high price for Rcn and there is a big gap between kernels and Rcn prices, forcing
money from their pockets. Demand is there, but at what prices will
be traded is a big question. All buyers are sitting and watching the moveme
market and with the anticipation that market will further go down in the coming time
sluggish demand of kernels. While packers think that market will somehow
recover in the coming weeks as buyers will have to cover more goods and with low
inventories from importing origins, the built-up of goods will occur soonest. Only time
in the coming week if demand is there, the prices will be then
otherwise will go down slightly.
Nguyen Co., Ltd, Vietnam
Shipment from Ziguinchor has begun after a lot of doubt and anxiety
A vessel that can carry about 2000Mt per week and a few bulk shipments
RCN to Gambia remains and even to Dakar Port
About 15,000MT has been brought and is being exported
are still a bottleneck and there are a lot of teething issues
Local prices vary from CFA 800 to 825 locally in Ziguinchor town
arrive any time from next week
and are now moving down to match in line with the drop
that happened over the weekend
re happening without any issues
quality is stable, counts under 200 and out-turns
price is between 75 and 78 per kg (USD 1.59-1.65)
is about $ 1950 per ton
arrive any time from next week
Amrith Kurien, ComAfrique
24 | Jun 03-09, 2018
Market continued to be weak with slow demand from buyers. Limited
done for nearby shipment under market indication as medium packers
who need to move the goods rather than sitting and waiting. Good medium
Usd 4.05- 4.20, LP at
July shipments. Pieces prices
are not going down due to tight supply of pieces in the market and this is the reason
t as their contract
books are fully booked. It is reported that due to sluggish demand of kernels market,
small and medium processors have shut down their units as they have faced heavily
have paid very
high price for Rcn and there is a big gap between kernels and Rcn prices, forcing
but at what prices will
be traded is a big question. All buyers are sitting and watching the movement of the
market and with the anticipation that market will further go down in the coming time
sluggish demand of kernels. While packers think that market will somehow
recover in the coming weeks as buyers will have to cover more goods and with low
soonest. Only time
prices will be then will get
shipments are
now moving down to match in line with the drop
turns between 51
Guinea Bissau
• The weighbridge price fluctuated
• The rains have started and till date, less than 10 alvaras (export
been issued and to see how many boxes can be
• Price for Bissau-origin cargo moved up slightly in Vietnam to around
per cnf
Source: John Rao, Bijagos Comerciais S.a.r.l
CNSL Market Report
Market CNSL
Mangalore 28.5-31
Courtesy: Kanco Venkatesh and Santhosh Silva, Karnataka
• There is further drop in the prices of raw cashew shells due to drop in the price
cashew cake and cake price has crashed
• The ruling price of CNSL is steady at around
below INR 5 per kg Shells are
• CNSL is lifted by cardanol manufacturer
Source: O.N. Phadnis, Panruti, Tamilnadu
India Exim Data: April-2018 India Import Data
Country Qty (TON)
Ghana 18,525
Tanzania rep
Mozambique
Cote d' Ivoire
Singapore
Nigeria
U Arab Emts
Togo
Others
Vietnam Soc Rep
Total 47,522
Volume 19 | Issue 24 | Jun 03
The weighbridge price fluctuated between 750-725 cfa last week
The rains have started and till date, less than 10 alvaras (export licenses
how many boxes can be loaded on the first vessels
origin cargo moved up slightly in Vietnam to around
John Rao, Bijagos Comerciais S.a.r.l.
Cake Shells Cardanol
(INR/Kg) 5.35-5.40 8.90-9.20 60
Kanco Venkatesh and Santhosh Silva, Karnataka
the prices of raw cashew shells due to drop in the price
price has crashed causing loss to oil extractors
The ruling price of CNSL is steady at around INR 29 per kg and the cake is quoted
Shells are around INR 8.40 per kg
CNSL is lifted by cardanol manufacturers as well as furnace oil people
, Tamilnadu
2018
(TON) Value (INR) Value (US $)
18,525 2,794,894,717 42,581,539
7,805 1,005,639,712 15,321,396
7,501 1,005,032,851 15,312,150
5,381 765,639,654 11,664,881
2,380 354,376,974 5,399,100
1,875 271,512,625 4,136,623
1,155 171,693,989 2,615,839
1,019 150,200,556 2,288,376
1,560 233,832,085 3,562,543
321 163,125,630 2,485,296
47,522 6,915,948,793 105,367,743
24 | Jun 03-09, 2018
licenses) have
loaded on the first vessels
origin cargo moved up slightly in Vietnam to around USD 2,000
the prices of raw cashew shells due to drop in the prices of
causing loss to oil extractors
and the cake is quoted
s as well as furnace oil people
India Export Data
US Cashew Import Data: April US Source-Wise Cashew Imports
Source Wise Import of Cashew Kernels into US
Country of Origin
Apr-18
Qty (tons)
Benin 50
Burkina Faso 16
Brazil 302
China 36
Ghana 66
India 383
Indonesia 235
IVC 133
Kenya 32
Mozambique 127
Nigeria 43
Tanzania 32
Thailand 100
Togo -
Vietnam 10,057 101,894
Others 1
Total 11,613 118,116
U S A9%SPAIN
5%
KUWAIT5%
FRANCE3%
GREECE3%
Others26%
Cashew Kernel Exports
Volume 19 | Issue 24 | Jun 03
US Cashew Import Data: April-2018
mports During April-2018
Source Wise Import of Cashew Kernels into US - April-2018 vs April
18 Apr-17 Change in % (April
Value (1000 USD)
Qty (tons)
Value (1000 USD)
Qty (tons)
506 67 652 (25.37)
190 33 359 (51.52)
3,227 496 4929 (39.11)
346 13 141 176.92
659 112 959 (41.07)
3,994 1653 16784 (76.83)
2,485 279 2559 (15.77)
1,369 93 875 43.01
308 48 415 (33.33)
1,197 223 1960 (43.05)
397 - - -
322 111 1075 (71.17)
1,192 76 881 31.58
- 16 144 -
101,894 7809 76283 28.79
30 - 4 -
118,116 11,029 108,020 5.30
U ARAB EMTS14%
NETHERLAND13%
JAPAN11%
SAUDI ARAB11%
U S A9%
Cashew Kernel Exports - India (Tons)
24 | Jun 03-09, 2018
2018 vs April-2017
Change in % (April-18 vs April-17)
Value (1000 USD)
(22.39)
(47.08)
(34.53)
145.39
(31.28)
(76.20)
(2.89)
56.46
(25.78)
(38.93)
-
(70.05)
35.30
-
33.57
-
9.35
India3%
Brazil3%
Indonesia2%
International Prices of Nuts Table-1: Cashew Kernel FOB prices in major ports as on 0
Grades Tuticorin
(USD/lb fob)
W240 4.55 - 4.85
W320 4.35 - 4.70
W400/450 4.20 - 4.50
SW320 4.20 - 4.50
SW360 4.00 - 4.20
LWP 3.60 - 3.80
WS/Splits 4.10 - 4.20
LP 3.60 - 3.80
SP 4.10 - 4.20
Table-2: African Cashew Kernel Price Cashew Kernel price info
Grade Description
WHITE WHOLES CASHEWS 210
WHITE WHOLES CASHEWS 240
WHITE WHOLES CASHEWS 320
WHITE WHOLES CASHEWS 450
SCORCHED WHOLES CASHEWS 210
SCORCHED WHOLES CASHEWS 240
SCORCHED WHOLES CASHEWS 320
SCORCHED WHOLES CASHEWS 450
FIRST BUTTS/ WHITE BUTTS
FIRST SPLITS/ WHITE SPLITS
LARGE WHITE PIECES
Volume 19 | Issue 24 | Jun 03
Vietnam87%
Others5%
International Prices of Nuts
prices in major ports as on 06/08/18
(USD/lb fob)
Kollam
(USD/lb fob)
Ho Chi Minh
(USD/lb fob)
4.65 4.40 - 4.55
4.35 4.25 - 4.40
- 4.20 - 4.25
-
- -
3.55 -
- 4.20
- 3.60
- -
2: African Cashew Kernel Price
W1-W2, June, 2018
Grade Price/Lbs (L) Price/Lbs (H)
W-210 4.75
W-240 4.60
W-320 4.25
W-450 4.10
SCORCHED WHOLES CASHEWS 210 SW-210 4.35
SCORCHED WHOLES CASHEWS 240 SW-240 4.35
SCORCHED WHOLES CASHEWS 320 SW-320 3.90
SCORCHED WHOLES CASHEWS 450 SW-450 3.85
FB/WB 3.85
FS/WS 4.00
LWP 3.65
24 | Jun 03-09, 2018
W2, June, 2018
Price/Lbs (H)
5.10
4.75
4.35
4.20
4.55
4.45
4.10
4.00
4.00
4.20
3.75
Cashew Kernel price info
Grade Description
SMALL WHITE PIECES
CHIPPS
BABY BITS
SCORCHED BUTTS
SCORCHED SPLITS
SCORCHED PIECES
Domestic Prices of Nuts Table-3: Cashew Kernel: India spot prices in production centres as on INR/kg
Grades Mangalore
(Karnataka -10Kg)
Kollam (Kerala)
W180 9700 917
W210 9000 860
W240 8600 794
W320 7800 767
W400 7350 -
W450 - 705
W1 7700 -
S180 9250 -
S210 8750 -
S240 8300 -
S 7600 763
LWP 7000 670
SWP 6200 582
K 7300 -
JH 7850 -
SSW 7150 -
BB 5200 661
JK/JB 7400 -
SW 7350 -
SW320 - -
Prices of Nuts in Other Indian Markets Table-4: Cashew kernel: India spot prices at terminal markets as on INR/kg
Grades Delhi (Maharashtra)
W180 1085/1090
W210 980/990
Volume 19 | Issue 24 | Jun 03
W1-W2, June, 2018
Grade Price/Lbs (L) Price/Lbs (H)
SWP 3.35
CH 2.90
BB 2.55
SB 3.25
SS 2.40
SP 2.70
Kernel: India spot prices in production centres as on
Vetapalam (A.P)
Panruti (TN)
Goa Jeypore-Odisha
GanjamOdisha
- - 150 -
835 920 980 900 900
785 800 920 820 850
745 760 860 780 800
720 - 830 760
- - 810 - 750
- - 840 -
- - 1020 -
- - 940 820
- - 900 780
- - 770
720 - 740 685 700
690 590 660 560 650
- 680 750 730
730 730 800 780 730
- - 780
510 500 540 500
- - 760 700
- - 730 -
- - - 770
Prices of Nuts in Other Indian Markets
: Cashew kernel: India spot prices at terminal markets as on
Kolhapur (Maharashtra)
Mumbai
1160 1150
1080 980/1000
24 | Jun 03-09, 2018
W2, June, 2018
Price/Lbs (H)
3.45
3.00
2.75
3.35
3.20
2.85
Kernel: India spot prices in production centres as on 06/08/18 in
Ganjam- Odisha
Ahmedabad-Gujarat
- 975
900 915
850 855
800 790
- 755
750 730
-
- 930
860
- 820
- 745
700 705
650 670
- 720
730 -
- -
500 400
- -
- -
- 745
: Cashew kernel: India spot prices at terminal markets as on 06/09/18 in
Table-5: Other Tree nut and Dry Fruits Prices at the Delhi Market (INR/Kg)
W240 880/890
W320 760/780
W400 -
S 700/780
LWP 625/725
SWP 560/665
Grades
Almond Giridi in shell
Almond Gurbandi (in-shell)
Almond California in shell
Almond Kernel California
Almond Kernel Gurbandi
Pistachio Irani
Pistachio Hairati
Pistachio Peshawari
Walnut New
Walnut Kernel
Fig Common
Fig Medium
Fig Best
Apricot
Kishmish (Rs per quintal)
Indian Yellow
Indian Green
Kandhari New
Ranga
Dry Dates (Rs per quintal)
Red
Rangkat
Volume 19 | Issue 24 | Jun 03
: Other Tree nut and Dry Fruits Prices at the Delhi Market (INR/Kg)
990 940
890 860
- 800
860 820
820 740
740 660/680
06/02/2018 06/09/2018
125 125
300 300
475/478 480/483
670/675 680/685
650/750 650/750
1250/1400 1250/1400
1500/1570 1500/1525
1700/1750 1700/1725
300/400 300/400
600/1000 600/1000
625/650 625/650
700/750 700/750
800/875 800/875
250/500 250/500
170/175 170/175
225/300 225/300
263/500 263/500
250/275 250/275
3500/12500 3500/12500
4500/12500 4500/12500
24 | Jun 03-09, 2018
Volume 19 | Issue 24 | Jun 03-09, 2018
Currency Impact
Table-6: Forex rates in USD
Indian rupee reversed its trend on rising crude oil and capital outflows
Indian rupee once again depreciated
sharply during last week and continued
to remain highly volatile. Rupee declined
on rising crude oil prices and on capital
outflows.
Indian rupee last week traded in the
region of 66.84 and 67.78 and finally
settled the week at 67.50 against the
dollar on Jun-08-2018. Rupee after
having tested the low of 66.84 swiftly
reversed its trend to settle weaker. Support is seen in the region of 67 and 66.84-66.62
levels going forward. Upside for the time being is capped in the region of 67.80 and
then at 68-68.25.
Brazil real gained sharply as its central bank vows to step up intervention
Brazil’s real reserved its downtrend and
gained by more than five percent on last
day of the week as its central bank
announced plans to flood the market
with foreign exchange swaps. Earlier last
week Brazilian real has depreciated to its
two year low of 3.96 against the dollar.
Brazil real last week was traded in the
region of 39660 and 3.6948 and finally
Currency 06/01/18 06/08/18 Wk-on-Wk % Change Indian Rupee (INR)RBI ref rate 67.18 67.52 0.50
Euro (EUR) 1.17 1.18 0.00
Japanese Yen (JPY) 109.53 109.55 0.02
Brazilian Real (BRL) 3.76 3.71 -1.55
Chinese Yuan (CNY) 6.42 6.41 -0.21
Singapore Dollar (SGD) 1.34 1.34 -0.23
Tanzanian Shilling (TZS) 2282.70 2274.90 -0.34
Thai Baht (THB) 32.04 32.04 0.00
Mozambique New Metical (MZN) 59.90 59.48 -0.70
Vietnam Dong (VND) 22797.00 22793.00 -0.02
Indonesian Rupiah (IDR) 13826.00 13947.00 0.88
Benin CFA Franc BCEAO (XOF) 569.00 570.00 0.18
Ghanaian New Cedi (GHS) 4.68 4.74 1.34
Volume 19 | Issue 24 | Jun 03-09, 2018
settled the week at 3.7069 as on Jun-08-2018. Support is seen in the region of 3.63
and 3.57 levels. Upside for the time being is likely to be capped in the region of 3.80
and 3.85 levels.
Vietnam dong is likely to stay in the recent range
Vietnam dong last week traded in the region of 22,791 and 22,830 and finally settled
the week at 22,793 against the dollar on Jun-08-2018. Upside for the time being is
capped in the region of 22850 and 22900 and unlikely to stay higher. At the same
time downside is limited to 22750-22700 going forward.
Comparative Movement of Currencies in 2018 (Jan-Jun)
Vis-à-vis USD in cashew processing regions (Weeks starts from January’ 2018 and
value indexed to 100)
Almond and Other Tree Nuts Report
In Delhi's, Khari Baoli Market: NP Inshell INR 18800-19200/40 kg for 70% SS (USD 2.46 - 2.48 lbs per kg)
BDG INR 19400-19600/40 kg (USD 2.52 - 2.54 lbs per kg)
FAQ Kernels 677-683/kg
Hand picked 690-700 kg
In the second half of May prices shot up as sentiments became strong basis for good
demand and low supplies with customs taking more than usual time to clear the
cargo and about 90% of the cargo's going for FSSAI inspection which in itself is a
time taking process. The prices in the Indian markets have moved up accordingly
and the FAQ Kernels were offered at INR 690-710 per kg , In shell's were trading in the
range of INR 19200 and 19600 per 40 Kg depending upon packer to packer
97.00
101.00
105.00
109.00
113.00
117.00
Indian Rupee Brazilian Real Vietnamese Dong
Volume 19 | Issue 24 | Jun 03-09, 2018
(equivalent to 2.49-2.52 USD per lbs or origin level), with BDG being quoted at INR
19800-20000 per 40 Kg.
Australian NP In shell's Almonds are available in the market with discounts of upto 2
percent over the California Almonds largely due to the high pinholes and colour
variations, most of it’s of perception based which was created in the first few loads;
on the other hand Carmel/ Price In shells have come with excellent quality and are
trading at INR 15200-15300 per 40 Kg for 60% SS Basis.
Indian currency remained volatile and once again depreciated during last week to
settle at 67.50 agaisnt the dollar.
Origin prices have fallen of whatever is available despite the strength in the Indian
market, prices are being quoted and offered at USD 2.48-2.51 per lbs on CIF levels
for NP In shell's, but the markets for other varieties remained stable due to very low
availability at USD 1.80 per lbs on FAS to CIF Basis especially for Carmel/Montrery.
New crop prices are in the grey with bids all over the place from USD 2.33 to 2.40
per lbs. Buyers are preferring to be sidelined till July 5th,2018 to hear the final report
on the crop estimate as this would be binding till December.
Source: Ravindra Mehta,IFNO, New Delhi – India
Almond Price Chart Almond Kernel price of California (in Delhi market) during last week traded in the
region of INR 680 and 685 per kg as compared with previous week of INR 670 and
INR 675 per kg.Cashew W320 Delhi, last week traded in the region of INR 760 and
780 per kg. Price of Walnut kernel during last week traded in the region of INR 600
and 1000 per kg.Price of Pistachio Irani during last week traded in the region of INR
1250 and1400 per kg.
500
700
900
1100
1300
12/9/2017 1/8/2018 2/7/2018 3/9/2018 4/8/2018 5/8/2018 6/7/2018
Rs p
er
kg
Almond Kernel California Walnut Kernel
Cashew Kernel W320 Pistachio Irani
Volume 19 | Issue 24 | Jun 03-09, 2018
Health Benefits
Patients with diabetes should eat these nuts every day
Just 75 grams of unsalted, hard-shell nuts will greatly improve the patient's blood
glucose control, a Canadian study shows.
Researchers from the University of Toronto analyzed 117 adults with type 2 diabetes
who were taking the drug to lower their blood sugar. Some people eat 75g of grain,
others eat 3 whole meal muffins and half eat both of them on a daily basis for 3
months. All diets of the subjects contain the same calories but the nuts provide more
unsaturated fat and less carbohydrate. The blood glucose level of the participants is
evaluated every 2 weeks.
Mixed nuts include almonds, laughing nuts, walnuts, peaches, hazelnuts, peanuts,
cashew nuts and unsalted nuts and much more.
This junk food also lowers "bad" cholesterol and lowers the level of protein involved in
heart disease, called Apo-B.The researchers believe that these findings highlight the
importance of unsaturated fats and low carbohydrate intake in the management of
type 2 diabetes.
The findings were published in the journal Diabetologia.
Lead author of the study, Dr. Mercedes Sotos-Prieto, from Ohio University, said:
"People do not need to follow a single diet plan to achieve a healthy eating
pattern.
"The essential elements of a healthy diet include high rations of fruits, vegetables,
whole grains, hard nuts and beans, and lower rations of red meat and processed
meats, Sugar beverages and refined grains, such as white rice and wheat flour.”
Replacing a piece of meat with a daily grain reduces the risk of premature death
This advice came after a study last July suggested that replacing a piece of meat
with a hardened shell daily would reduce the risk of premature death by as much as
17 percent.
A 20% improvement in diet reduces the risk of early death by 8 to 17%.
This is equivalent to replacing a piece of meat with a scoop of nuts or a tablespoon
of peanut butter each day.
Source:http://www.vinacas.com.vn/index.php?route=common/news/details&news_i
d=2181
Volume 19 | Issue 24 | Jun 03-09, 2018
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