Tanzania cashew buyers compete for supplies

In Tanzania, buyers are competing for supplies. Buyers are also still not too happy with the prices in Vietnam. Festive buying is complete in India.

Good-quality raw nuts are in short supply, so buyers are expected to compete aggressively for fresh supplies as new crop auctions have kicked off in Masasi, in southern Tanzania. Early trading prices range at USD 1.15-1.25/kg, which equals an estimated export (FOB) price of USD 1.46-1.56/kg.