Cashew, Market Report, June 2022
West Africa crops are at their end and have traded in average at higher levels versus last year;
India and Vietnam processors will need coverages for the second half of the year production and are waiting for demand to enter;
Supply disruptions, vessel/container restraints, and local pandemic restrictions continue to impact kernel production. Overall, the quality of northern hemisphere crops was well below expectations
Consumption hasn't picked up in June, and could be disappointing as well during the remaining summer months;
US/Europe markets remain fairly inactive for nearby needs;
Consumers are spending under pressure and may lead to less demand in the near future.