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Processors experience a ‘cashew crunch’ as raw nut prices soar globally
Archana Aroor, Mumbai
Prices of Raw Cashew Nuts (RCN) have spurted recently in the international market due to supply constraints. “High RCN prices have made cashews dearer for the processors. Factories which relied on the Indian cashew crops will have to pay high prices, due to which cashew kernel prices are likely to reach new highs after August,” a source from Achal Cashew Industries informed FnB News.