On-the-Ground Update

Turkish Cashew Traders Prefer Domestic Production Due to Competitive Prices

Published Oct 17, 2022
Cashew prices continue to fall in Turkey. The domestic price for the WW320 EXW warehouse is USD 7.53/kg + VAT (TL 140 + VAT). Considering that the CIF Turkey any port value of cashew is around USD 6/kg, the DDP warehouse price, which consists of customs duty and inland shipping, is around USD 7/kg + VAT (TL 130 + VAT). For this reason, importers prefer sourcing cashews from the domestic market instead of importing by themselves because the difference is not worth the financial risk and liability.
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