The cashew market overview is comparatively steady. We have seen some little price increases for kernels over the past few days, but nothing significant. We are worried about RCNs supply till the fresh crop arrives in the Northern Hemisphere (in March/April). By the end of the year, shortages could occur, particularly for the Indian market, which would raise the price of RCN from Tanzania.
Because of this, we advise you to extend your coverage until at least Q1, 2025, as kernel costs may rise slightly due to the perceived “shortage” of RCN.
This could have an effect on kernels costs as well.
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