Bearish Phase in India may Continue for a Long Period

This entry was posted on Wednesday, December 9th, 2015 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Even premium W320 has no buyers above Rs6700/11.340 kg/Goa-Mangalore.

Supply is on increase but North Indian winter demand is facing consumer resistance.

Local exporters are the main buyers. But their price is only Rs6000+tax/11.340 kg/Goa-Mangalore.

Some Indian calendars prohibit auspicious celebrations for a month from January8, 2016. Then, the exam period begins in March.

Almost all Hindu calendars are against any auspicious celebration from April30, 2016 to July13, 2016.

 

Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices