Mintec proposes to launch Indian cashew Mintec Benchmark Price

All Market Notes 31 August 2023

 

Mintec is proposing to launch a weekly Mintec Benchmark Prices for Indian cashews, WW240 grade. Mintec is collecting feedback on this proposal from any market participants until Thursday 14th September 2023. Mintec is proposing to launch this assessment, if supported by the industry, on Friday 29th September 2023

The proposed specification for this assessment would be:

The proposed assessment would reflect the transactable value at 16:00 London time.

India is an important cashew producer and exporter, with high volumes of raw cashew nuts being processed within the country. The processed kernels are either consumed domestically or exported to markets such as Asia, Middle East, the US and Europe. The proposed assessment would complement Mintec’s exiting Indian cashew coverage and provide Mintec customers deeper insight into the Indian cashew complex. Additionally, the assessment would allow for Mintec customers to compare prices for larger sized kernels against other major exporting regions.

Please send any feedback on this proposal to Methodology@mintecglobal.com by Thursday 14th September 2023, and clearly state which market note your comments relate to, and if comments are intended for publication by Mintec.

Mintec will acknowledge receipt of all comments by email.