The market continued to push prices higher throughout this period, particularly after May 8, when the Ivorian government maintained restrictions on exporters purchasing domestic raw cashew nuts or processing existing contracted shipments.

Several lower-priced IVC contracts signed earlier for April shipment remained undelivered, increasing concerns among Vietnamese buyers as prices continued to rise.

Cashew kernel buyers in Europe and the United States remained cautious, although the current upward price trend was increasingly confirmed through purchases from major buyers.

Reference prices

Processor offers

• W320: $2.70-2.80 – for large processors and BRC-certified factories
• W320: $2.68-2.70 – for medium-sized processors
• W240: $3.00-3.10
• WS: $1.80-1.90
• LP: $1.35-1.40

Raw cashew nut offers

• Ghana/IVC 2024 46 lbs – $1240-1250 – June shipment
• IVC 45 lbs – 200 NC – $1180-1200 – May/June shipment
• IVC 44 lbs – 200 NC – $1160-1180 – May/June shipment
• Bissau 52 lbs – 220 NC – $1450-1480 – July shipment

Homie D'Lion Group