Global Nuts Market Weekly Summary

• India's groundnut market is seeing heightened demand for sowing seeds, with prices rising to around $78.50 per quintal and seed rates up 25 to 30% compared to the previous season. The Strait of Hormuz blockade, alongside domestic geopolitical pressures and government auction activity, has fostered cautious buying behavior and elevated retail purchases. Export prices to Indonesia are ranging from $1,300 to $1,350 per metric ton, reflecting sustained regional demand. Near-term prices are expected to remain firm, with increased domestic cultivation identified as the primary lever for stabilising supply.
• In the United States, Farm Bill 2.0 discussions in Washington are centering on trade, nutrition, and economic support measures for the groundnut sector. Rising production costs and projected financial losses for the 2026 crop year are driving calls for support frameworks that go beyond the existing 2026 Farmer Bridge Assistance Program, with planting acreage adjustments and revised market strategies expected to influence global sourcing dynamics.
• India's cashew processing hub of Pulasa is facing disruption from the West Asian conflict, with its daily capacity of approximately 500 tons underutilised due to halted exports and restricted raw nut supplies. Short-term government intervention and local market adjustments are being considered to maintain operational continuity.
• Mozambique's cashew industry more than doubled in export value in 2025, underpinned by scaled production capabilities. A government initiative targeting 689,000 tons of annual production by 2034 signals a long-term commitment to expanding domestic processing and improving value retention.
• Vietnam's cashew exports showed mild growth in early 2026, with the United States emerging as a notably larger buyer. Diversification of export markets has reduced reliance on traditional buyers, though investment in quality and raw material procurement remains critical to achieving the country's 800,000 ton export target amid intensifying competition from rival origins.

Global Nuts Market Weekly Summary

• India's cashew market is under strain from two converging pressures: weak kernel demand and a rupee at a historic low against the U.S. dollar, which is elevating the cost of imported raw cashew nuts. Import prices from Tanzania stand at USD 1.91 per kilogram, while Mozambique supplies are priced between USD 1.60 and 1.62 per kilogram. International raw cashew nut offers remain elevated, exceeding USD 1,500 per metric ton. Some price relief emerged in early April following new shipments from Cote d'Ivoire, Burkina Faso, and Cambodia. February 2026 exports reached nearly 2,700 metric tons, with traders looking to demand signals from China and the Middle East to provide clearer direction on the market's near-term trajectory.
• Vietnam's cashew processing sector is contending with declining kernel quality despite easing prices. The persistent gap between high raw cashew nut input costs and lower processed kernel values is shaping buyer behavior, with roasters and processors gravitating toward premium grades (W3 and W240) even at higher bid levels. The subpar quality of early West African imports has further constrained high-grade kernel availability, keeping the market steady but cautious.
• Following market access for exporters from March 25, 2026, a tight procurement window resulted in local processors securing between 530,000 and 550,000 metric tons of raw cashew nuts. Harvests are progressing, though on-farm stockholding has diminished as farmers, facing urgent cash needs, are selling immediately after collection. Yields are below last year's levels. Wholesale prices are ranging between USD 0.72 and 0.75 per kilogram, with factory gate prices between USD 0.82 and 0.87 per kilogram, reflecting active competition among processors.
• The April influx of raw cashew nuts from West Africa and Cambodia initially pushed prices lower, but persistently high international raw material costs above USD 1,500 per metric ton have maintained an unfavorable spread between input costs and kernel values. Quality issues in Vietnam and weak kernel demand in India are reinforcing careful purchasing strategies across the supply chain. The market's next directional move will hinge largely on whether demand from China and the Middle East strengthens sufficiently to rebalance kernel pricing.

Global Nuts Market Weekly Summary

• This week's nuts market report covers two distinct developments: a regionally significant expansion in groundnut cultivation in Bangladesh, and a broadly stable but quietly shifting global almond trade picture.
• In Narsinghdi, Bangladesh, groundnut farming along the Meghna River is expanding meaningfully, driven by low input costs, minimal fertilizer and pesticide requirements, and attractive profit margins. Previously fallow char lands are being brought into productive use, with the Department of Agricultural Extension providing ongoing support for sustainable scaling and pest management. Beyond output, the sector is generating tangible community benefits, including seasonal employment in processing and sorting activities, with notable participation from women. Weather-related risk remains a consideration, but the overall trajectory is positive. The development is primarily regional in scope and does not materially affect national-level agricultural statistics.
• On the global almond market, the 2025/26 season is projecting modest output stability with a marginal overall increase. The United States, as the dominant producer, is reporting slight growth, while Australia is seeing a production decline. Turkey and China are posting stronger relative growth rates, though their absolute contribution to global supply remains limited. On the trade side, Spain's almond exports have declined, pointing to softening European demand. Whether this reflects a structural reduction in consumption or a shift in sourcing strategy away from European channels is not yet clear. U.S. shipment patterns to Europe will be a key indicator to monitor in the coming months. Broadly, the almond market is in a state of equilibrium, with modest trade flow adjustments underway rather than any significant supply or demand dislocation.