Indian Cashew Prices Slump to Lowest Level in 2023 on Harvest Pressure and Quality Concerns

Cashew prices in India hit their lowest point in 2023 in June, dropping to USD 1.09/kg for wholesale raw cashew nuts. Oversupply after the harvest, poor quality, and large imports have contributed to the decline. Despite increased domestic consumption, the availability of cashews both domestically and globally is expected to keep prices at these low levels.