Market Intelligence Terminal·Cashew RCN·West Africa
Last updated 9 Jun 2026·ACA / trade reports

CNF Benchmark

$1,650

/tonne · indicative CNF

▲ $25/twk▼ $45/tmo

TCDA Farmgate

₵12.00

/GHS/kg · fixed floor

≈$1,035/t·at GHS/USD 11.60 (live)

Spread vs Farmgate

$615

/t value chain spread

37% of CNF·approx

Sell Window

↑ RISING

→ peak Sep

Post-harvest recovery phase. Historical peak: September.

12-Month CNF Trend

SEEDED
$1,720$1,250Jul 25Oct 25Jan 26Apr 26Jun 26

Seasonal model: illustrative, anchored to current benchmark · not historical actuals

Seasonal Pattern

72Jan52Feb33Mar38Apr52May65Jun80Jul92Aug100Sep93Oct84Nov74Dec
CurrentOff-seasonHarvest

ACA 2018–2025 composite · historical pattern only

RCN Quality — Indicative CNF

TierNut countAdj.$/t
Reference★≤180/kg—$1,650
Grade A181–210/kg-3%$1,601
Grade B211–240/kg-7%$1,535
Grade C241–320/kg-13%$1,436

★ TCDA reference: 48 KOR / 180 nuts/kg · Indicative CNF at 10% moisture, 0% defects · KOR adjusts separately · same coefficients as calculator below

Demand Signals

▲
India RCN importsStrong

Active buying as domestic kernel stocks thin after May export push.

—
Vietnam processingSteady

Processor utilisation ~70%; renewed Q3 purchasing interest.

▼
W. Africa supplyTightening

Ghana main crop complete; CIV winding down. New supply from Feb 2027.

—
EU kernel demandSteady

Retail demand firm; EUDR-certified supply attracting visible premium.

As of 9 Jun 2026 · ATI analysis

Market Context

West African CNF cashew prices have firmed modestly in early June 2026, recovering from the harvest-season trough. The Ghana main crop is now largely complete, with exporters reporting good RCN outturn quality — KOR averages around 48–50 across Brong-Ahafo and Bono East, which is in line with the TCDA reference. Demand from Indian processing is stable, and Vietnamese processors are showing renewed buying interest after a cautious Q1. The Indian kernel surplus that weighed on FOB prices through April–May is beginning to clear, which should support further price recovery in Q3. EU buyers are moving more deliberately given EUDR compliance requirements — expect continued preference for exporters who can produce satellite-verified due diligence documentation. Currency tailwinds (GHS appreciation against USD over May) have slightly compressed local GHS-denominated farm-gate prices, creating a small buying window for exporters with local liquidity.

ATI market briefing·as of 9 June 2026

INDICATIVE ONLY. Benchmark reflects prevailing CNF indications from broker reports and ACA market bulletins. Not a firm offer. Actual buyer offers vary by specification, volume, and contract terms. Cashew RCN is not exchange-traded; there is no published spot market.

Quality Calculator

Estimate your parcel price.

Enter your parcel's quality parameters. The calculator shows how each factor adjusts relative to the TCDA reference specification and the current CNF benchmark, so you understand the reasoning, not just the number.

Reference (TCDA standard): KOR 48 · 180 nuts/kg (W180) · 10% moisture · 0% defects · Benchmark: $1,650/t CNF
KOR and nut count are correlated in practice: smaller nuts tend to reduce outturn. This estimate treats all four parameters independently (v1 simplification).

World Commodity Context

Exchange-traded prices for context.

NOTE: Cashew RCN is NOT exchange-traded. There is no published spot market. The prices below are for related commodities traded on public exchanges (cocoa, coffee). They provide world market context, not a substitute for the cashew intelligence above.

Cocoa

—

USD/tonne · ICE Futures

Data unavailable

Coffee (Arabica)

—

USD/lb · ICE Futures

Data unavailable

GHS / USD

11.60

GHS per USD · open.er-api.com

Mid-market rate · daily update

Updated 00:02 UTC

Exchange prices: API-Ninjas · 15-min delayed · GHS/USD: open.er-api.com · daily mid-market · Cached up to 4 hours