International Cashew Market Commentary
CASHEW WEEK
International Cashew Market Commentary
Mr. Kim, Khiem Nguyen Co., Vietnam
Not much being improved on the market in term of
demands as well as selling ideal during the week.
Small and medium sellers sold W240 at USD 3.05,
W320 at USD 2.85, WS at USD 2.40, LP at USD 1.72
per lb Fob for June to USA market meanwhile the
demand the EU market was small not remarkable.
Reliable sellers not reduce their ideal prices ie W240
at USD 3.20/3.25, W320 at USD 3.00/3.05, W450 at
USD 2.80/2.85, Lbw320 at USD 2.75/2.80, WS at USD
2.45/2.50, DW at USD 2.50/2.52, LP at USD 1.80 per
lb fob for July and August without fi rm buying interests.
It is reported that some sales have made during
the week for forward shipment with good prices
sold by the top and reliable sellers but we are unsure
about this as right now buyers were/are reluctant
to buy for forward with current market levels as cashews
are being considered most expensive to endusers.
Moreover, roasters/manufacturers are not
ready to order big quantity from importers because
of fl uctuating demands and prices making them reluctant
to give their full hands to importers. Most
of the activities have been moved forwards were
short and fast demands from buyers for prompt shipments
with reasonable prices and if being offered
at high prices buyers would recall their steps back
and watch the markets. Meanwhile reliable sellers
are not much hurry to sell as they had been learn
that market would be warm up with good prices due
to good demands in the coming time when buyers
will have to buy large quantity to meet the demand
from roasters/manufacturers. Furthermore, there
are some shorts from the 2010’s crop in all origins,
thus leading to demand over supply will make market
more positive. All datum given are only for information
but we are unsure about if this is right or not
and we are sure that who has much patience will be
the winner, buyer or seller? Time will tell.Exact the consumer prices index in May as follows:
The Consumer Price Index for All Urban Consumers
(CPI-U) declined 0.2 percent in May on a seasonally
adjusted basis, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the index
increased 2.0 percent before seasonal adjustment.
For the second month in a row a decline in the energy
index accounted for the seasonally adjusted decrease
in the all items index. The index for energy
decreased 2.9 percent in May and more than offset a
slight increase in the index for all items less food and
energy. The food index was unchanged. Within the
energy component, the gasoline index accounted for
most of the decrease, although all the major energy
indexes declined.
The index for all items less food and energy increased
0.1 percent in May, posting a monthly increase for
only the second time this year. Contributing to the
May rise were increases in a number of indexes including
shelter, used cars and trucks, tobacco, apparel,
and medical care. The index has increased 0.9
percent over the last 12 months.
The food index was unchanged in May after increasing
0.2 percent each of the last two months. The
food away from home index rose 0.1 percent while
the foods at home index was unchanged. Within the
food at home group, declines in the indexes for fruits
and vegetables and for nonalcoholic beverages offset
increases in the other major grocery store food
group indexes. The fruits and vegetables index fell
1.1 percent after declining 0.2 percent in April. The
index for nonalcoholic beverages declined 0.8 percent.
The index for meats, poultry, fi sh, and eggs
rose 0.4 percent due to increases in the beef and
pork indexes. The index for other food at home rose
0.3 percent, and the indexes for cereals and bakery
products and for dairy and related products both
increased 0.2 percent. For the past 12 months the
food index has risen 0.7 percent, with the index for
food at home up 0.3 percent and the index for food
away from home up 1.1 percent.
Vietnam’s May export fi gure was estimated over
15,000 tons of kernels valued at USD millions 81, a
2.9 % increase compared to April’s fi gure.Exact the consumer prices index in May as follows:
The Consumer Price Index for All Urban Consumers
(CPI-U) declined 0.2 percent in May on a seasonally
adjusted basis, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the index
increased 2.0 percent before seasonal adjustment.
For the second month in a row a decline in the energy
index accounted for the seasonally adjusted decrease
in the all items index. The index for energy
decreased 2.9 percent in May and more than offset a
slight increase in the index for all items less food and
energy. The food index was unchanged. Within the
energy component, the gasoline index accounted for
most of the decrease, although all the major energy
indexes declined.
The index for all items less food and energy increased
0.1 percent in May, posting a monthly increase for
only the second time this year. Contributing to the
May rise were increases in a number of indexes including
shelter, used cars and trucks, tobacco, apparel,
and medical care. The index has increased 0.9
percent over the last 12 months.
The food index was unchanged in May after increasing
0.2 percent each of the last two months. The
food away from home index rose 0.1 percent while
the foods at home index was unchanged. Within the
food at home group, declines in the indexes for fruits
and vegetables and for nonalcoholic beverages offset
increases in the other major grocery store food
group indexes. The fruits and vegetables index fell
1.1 percent after declining 0.2 percent in April. The
index for nonalcoholic beverages declined 0.8 percent.
The index for meats, poultry, fi sh, and eggs
rose 0.4 percent due to increases in the beef and
pork indexes. The index for other food at home rose
0.3 percent, and the indexes for cereals and bakery
products and for dairy and related products both
increased 0.2 percent. For the past 12 months the
food index has risen 0.7 percent, with the index for
food at home up 0.3 percent and the index for food
away from home up 1.1 percent.
Vietnam’s May export fi gure was estimated over
15,000 tons of kernels valued at USD millions 81, a
2.9 % increase compared to April’s fi gure.
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