CNSL is Now Much Cheaper

This entry was posted on Thursday, November 24th, 2011 and is filed under Cashew.

Cashew Nut Shell Liquid is now much cheaper compared to crude oil or edible oils. But Nymex crude has regained nearly 50% of the losses it suffered during the third quarter. In India, the recovery in crude and edible oils may be nearly 100% in Rupee terms. This is mainly because of some significant increases in the import cost due to 17-18%  currency depreciation. Even small scale units have started to store their shells and the available supply is most probably under pressure.

Filed Under: Cashew