European cashew prices decreased in the second week of May, giving up some of the gains made over the 2 prior months. Wholesale cashew kernel prices in Italy decreased 1.5% WoW, to USD 11.41/kg as on May 15, after increasing 3% over the two prior months. Throughout March and April prices crept higher, supported by slightly stronger demand from the US, Europe, and Middle Eastern countries. However, with more cashews becoming available as the Western African harvest pass through the supply chain, prices decreased in the last week. Prices are normally in a downward trend at this stage of the year, due to harvest pressure from the globe's largest producers.
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