Crude Oil Down but CNSL Steady

This entry was posted on Sunday, May 27th, 2012 and is filed under Cashew.

There is no decrease in Cashew Nut Shell Liquid prices despite a big fall in the global crude market. Most probably, Strengthening US Dollar is the reason behind the crude oil down trend. In the past few weeks, currencies of almost all of the emerging markets are plummeting against the Dollar and there is no fall in the oil prices in terms of these currencies. At present, only the US Dollar is responsible for any big movements in Crude.

Filed Under: Cashew