On-the-Ground Updates

Indian Cashew Nut Buyers Overstocked Ahead of 2022/23 Tanzanian Season

Raw Cashew Nut
India
Tanzania
Market & Price Trends
Linus Ndongwe
Published Sep 28, 2022
Indian cashew nut buyers are silent ahead of the 2022/23 Tanzanian Raw Cashew Nut (RCN) season as they are reportedly overstocked with goods from West Africa. The recent arrival of cheap yet good quality stock KOR 52 from Guinea Bissau at various ports in India is expected to influence buyers to start demanding low prices for Tanzanian RCN this season. The quality of RCN from Guinea Bissau has improved, and India is reported to have hauled a large volume at a discounted price, which could reduce the import volume from Tanzania and push prices down in the 2022/23 season.

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