Cashew Market News
The latest news regarding the Cashew Market.
Purchasing demand in Europe is much slower at current levels, and we're predicting market returns. However, this contradicts the information we continue to receive. For May/June/July shipments, there is a lot of demand for WW240 and WW320.
Ocean freights have become a major issue after shipping lines revealed that they will be cutting more spaces and raising prices by at least $500 per 20ft. Furthermore, transit times from Vietnam to major European ports are about two months longer, which obviously has a significant impact on both sides.