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CASHEW A WEEKLY NEW Volume 19 | Issue 24 | Jun WEEK WSLETTER n 03-09, 2018

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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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