Adverse weather conditions in key grower countries and falling pound could push up prices next year, warn traders
Cashew nut consumers may face hefty price rises next year, because adverse weather conditions have caused wholesale costs to soar.
Prices have rocketed by about 20% this year to about $4.20 (£3.22) a pound, according to traders who buy for the major UK-based processors and packers. The decline in the value of the pound against the dollar since the Brexit vote has also contributed to the price rise, they said.
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Source: Guardian Environment