India’s raw cashew nut imports were likely to hit a new record as the import figures in the first nine months of 2022 stood at 975K MT. Indian processors have enough raw cashew nuts to process until next March due to the over-positioning from other origins, thus showing less interest in the Tanzania crop. Although some processors have expressed interest, contract booking will only happen if offers match their strict price criteria. The kernel market is doing well currently due to the festive season in India, but post-October, it is expected that there will be a slowdown for 1 or 2 months as end buyers will have enough stock of kernels.
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