Cashew Market Weekly Review

This entry was posted on Saturday, July 25th, 2009 and is filed under Uncategorized.

The Indian Cabinet nod for FTA( Free Trade Agreement) with ASEAN has no immediate impact on the Indian Cashew Kernel Market. FTA involves commodities like coconut oil, palm oil, pepper, cashew etc. Inspite of all these, the cashew kernel market for August delivery is highly active. There is jump of Rs 100 per tin of 25 pounds in the forward market. This is mainly because of the upcoming festival season. The FTA with ASEAN may come in to effect from 1, January 2010.

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