Cashew nuts are an important source of minerals and vitamins. Therefore, they are in high demand especially for people who are enthusiastic about healthy living. Cashew nuts have many health benefits which include: preventing heart failure, protecting the eyes, preventing blood diseases and loss of weight when taken in proportionate amounts.
Cashew nuts are not only good for your health but also for cosmetic purposes. Cashew nut oil is suitable for maintaining healthy and shiny hair. It also enhances rapid growth of hair. Additionally, cashew oil is good for maintaining smooth skin. It keeps the skin moisturized and maintains moisture hence reducing dryness and flakiness.
Indonesia Cashew Nuts
Indonesia has an equatorial and tropical climate which is suitable for planting cashew trees. The country also has a distinct wet and dry season which is suitable for cashew cultivation. Indonesia’s tropical climate also provides ample sunshine for cashew trees.
Indonesian cashew trees produce a variety of cashew types and has its unique characteristics. Some popular varieties include Jember, Wali and Wano.
Indonesians consume cashew nuts both as a snack and as an ingredient in their cuisines. It is often added to dishes to add a crunchy texture and nutty flavor.
Cashew Nuts Price in Indonesia
In 2021, Indonesia’s cashew nut exports were valued at just above 133 million US Dollars. This was a slight decrease over the previous year’s figure.
The sharpest climb was between 2014 and 2015 when the export value increased from over 105 million US dollars to over 195 million US dollars.
Here are the total values in the export of cashew nuts from Indonesia between 2012 and 2021.
Price of Cashew Nuts per kg in Indonesia
A kilogram of cashew nuts can cost between 23,456 IDR (US$ 1.5) and 35,956 IDR (US$ 2.3) based on the average export price per kg. The wholesale price can go as high as 42,228 IDR (2.7 US$).
Indonesia Cashew Price
In Indonesia, there are various places where you can purchase cashew nuts. Local markets are suitable places to find fresh cashew nuts. They are often found on the dry goods sections. You can also purchase cashew nuts from supermarkets, specialty nut shops, street vendors, online retailers and local producers.
There are various factors which affect cashew prices in Indonesia, they include:
Supply and demand
Supply and demand primarily affect the prices of cashew nuts. When the supply is high, prices tend to fall. This is because a larger supply results in more competition among suppliers leading to price reduction to attract buyers. When demand is higher than supply, it can cause an increase on prices. Increased demand leads to suppliers and producers being able to charge higher prices especially if supply remains stable.
Quality
Cashew nuts that have a higher quality tend to be more expensive than those with a lower one. Larger whole cashews which have a uniform shape and size are more expensive than smaller, irregularly shaped cashew nuts.
Season
When the new harvest season begins, prices tend to be lower since there is a surplus in supply. Suppliers may reduce prices to be more competitive. As the year continues, new supply of cashew nuts gradually increases causing the prices to gradually increase.
Exchange rates
The exchange rates between Indonesian rupiah and US dollar can affect the price of cashews. A stronger rupiah makes cashews cheaper for international buyers, which can lead to increased demand and higher prices.
Final Note
The price of cashew nuts in Indonesia varies depending on various factors. Cashew nut cultivation has increased over the years and the future for cashew nut farmers is bright due to increased support from the government.