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The global market for shelled cashew nuts is expected to face a significant price hike due to various factors. Supply chain disruptions caused by the ongoing COVID-19 pandemic have led to a shortage of raw cashew nuts, which are the primary source of shelled cashew nuts.

Additionally, weather-related crop failures in major producing countries like Benin and Burkina Faso have further exacerbated the shortage. As a result, prices for shelled cashew nuts are likely to increase by 10-15% in the coming months. Exporters are already adjusting their prices to reflect the new market reality, which may lead to higher costs for consumers. Importers are advised to secure their supplies early to avoid any potential stockouts.

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