India’s RCN market stayed subdued through most of Q1, yet processors saw healthy margins as kernel prices held firm—breaking the usual pattern of sharp corrections during this period.
RCN faced brief selling pressure with spot rates dropping 5–7% following decent local arrivals. Still, this correction was softer than historical norms.
As Q2 begins, demand has returned. Processors are showing interest in high outturn origins like Bissau and Senegal, looking to book ahead of the festive cycle.
With clarity on U.S. tariffs on Vietnam and lower outturn from Côte d’Ivoire due to post-harvest issues, Indian buyers are shifting focus. As always, processors are prioritizing higher recovery.
At current RCN prices, processors are enjoying unusually strong margins for this time of year. With the festive season arriving earlier than usual, demand for both RCN and kernels is expected to rise—potentially pushing prices up in Q2.
Is this the perfect time to buy RCN—as a trader or a processor?
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