CropGPT - Nuts

The weekly report on the global Nuts market for week 15. Brought to you by CropGPT

Show Notes

Global Nuts Market Weekly Summary
  • India's cashew market is under strain from two converging pressures: weak kernel demand and a rupee at a historic low against the U.S. dollar, which is elevating the cost of imported raw cashew nuts. Import prices from Tanzania stand at USD 1.91 per kilogram, while Mozambique supplies are priced between USD 1.60 and 1.62 per kilogram. International raw cashew nut offers remain elevated, exceeding USD 1,500 per metric ton. Some price relief emerged in early April following new shipments from Cote d'Ivoire, Burkina Faso, and Cambodia. February 2026 exports reached nearly 2,700 metric tons, with traders looking to demand signals from China and the Middle East to provide clearer direction on the market's near-term trajectory.
  • Vietnam's cashew processing sector is contending with declining kernel quality despite easing prices. The persistent gap between high raw cashew nut input costs and lower processed kernel values is shaping buyer behavior, with roasters and processors gravitating toward premium grades (W3 and W240) even at higher bid levels. The subpar quality of early West African imports has further constrained high-grade kernel availability, keeping the market steady but cautious.
  • Following market access for exporters from March 25, 2026, a tight procurement window resulted in local processors securing between 530,000 and 550,000 metric tons of raw cashew nuts. Harvests are progressing, though on-farm stockholding has diminished as farmers, facing urgent cash needs, are selling immediately after collection. Yields are below last year's levels. Wholesale prices are ranging between USD 0.72 and 0.75 per kilogram, with factory gate prices between USD 0.82 and 0.87 per kilogram, reflecting active competition among processors.
  • The April influx of raw cashew nuts from West Africa and Cambodia initially pushed prices lower, but persistently high international raw material costs above USD 1,500 per metric ton have maintained an unfavorable spread between input costs and kernel values. Quality issues in Vietnam and weak kernel demand in India are reinforcing careful purchasing strategies across the supply chain. The market's next directional move will hinge largely on whether demand from China and the Middle East strengthens sufficiently to rebalance kernel pricing.

What is CropGPT - Nuts?

Market news about nuts - Cashews, nuts, almonds, macadamias, pistachios. Including trading news, weather and forecasts

Speaker 1:

Welcome to the weekly summary of the global nuts market for 04/12/2026. For more information on any aspect of this report, please visit the CropGPT website for far more detailed reporting and analysis. In India, the cashew market is under strain due to weak kernel demand and a depreciating currency. The rupee has reached a historic low against the United States dollar, increasing costs for imported raw cashew nuts. Current import prices from Tanzania and Mozambique are at United States dollars 1.91 per kilogram and United States dollars $1.6 to $1.62 per kilogram, respectively, while international raw cashew nut offers remain high, exceeding United States dollars on our one of 500 per metric ton.

Speaker 1:

Despite early April price relaxations following shipments from Cote D'Ivoire, Burkina Faso, and Cambodia, February 2026 exports tallied nearly 2,700 metric tons, with traders expecting clarity on global demand from China and The Middle East soon. Meanwhile, in Vietnam, the cashew market is struggling with depreciating kernel quality despite falling prices. The ongoing disparity between high raw cashew nut prices and lower processed kernel values influences buying decisions, prompting roasters and nut processors to prioritize premium grades (W3 and W240) despite the need for higher bids. The market remains steady but cautious, influenced by the subpar quality of early West African imports that constrained high quality kernel availability. In Cote D'Ivoire, after exporters gained access to the market on 03/25/2026, A tight procurement window resulted in local processors acquiring 530,000 to 550,000 metric tons of raw cashew nuts.

Speaker 1:

Although harvests are in progress, on farm stockholding has diminished as farmers, driven by urgent cash requirements, sell harvests soon after collection. Conditions appear normal despite previous forecasts, though yields have decreased compared to last year. Wholesale prices fluctuate between United States dollars 0.72 and 0.75 per kilogram, with factory gate prices ranging from United States dollars 0.82 to 0.87 per kilogram, indicating competition among processors. Globally, the influx of raw cashew nuts from West Africa and Cambodia in April initially drove prices down, yet persistent high international costs above United States (dollars fifteen hundred per metric ton) maintained an unfavorable balance between raw input costs and kernel values. The issues with quality in Vietnam and the weak kernel demand in India reinforce careful purchasing strategies.

Speaker 1:

The upcoming market trajectory will largely depend on whether demand shifts from China and The Middle East will realign cashew kernel pricing and demand. Remember, our CropGPT site contains far more details and reports about the nuts market, including crop health reports, twenty years of weather data, and even pricing data and earning call analysis. This podcast is just a few selected highlights for the week.