Demand Steady, Prices Down

This entry was posted on Tuesday, March 5th, 2019 and is filed under Cashew.

Immediately after the Delhi summit, some North Indian buyers and brokers tried their best to increase the Premium W320 prices towards ₹800+GST/Kilo. But when the sellers mentality itself is negative, nobody can save them from self destrucion. Their pessimism defeated a realistic approach. Time is also the fiscal year-end time.

What is Self-Destruction in the Cashew Industry?

Rumour mongers try to create panic in the cashew kernel market even before the FLOWERING STAGE of the West African, Indian and Vietnamese harvest. They write articles, send emails and attend summits to spread bearish rumors. Their main intention is to create panic in the raw cashew market. To succeed in their attempt, they also resort to ‘below cost kernel sales’.

“When everyone loses, they also become sufferers and their self-destruction continues for many months”. Their ‘good time’ might comeback during the summer holidays but only a few may recover all the lost money.

Filed Under: Cashew