Guinea-Bissau Situation : Market Thinking is Negative

This entry was posted on Monday, April 23rd, 2012 and is filed under Cashew.

Some trade sources think that the West African raw cashew nut prices will come down because of the Guinea Bissau unrest.

In the last one week, price fall in the Guinea-Bissau local raw cashew market is said to be  50%. One day this cheap raw cashew will enter the Indian market as the export trade of the country fully depends on this single commodity (Above 90%).

In the Indian raw cashew, many traders are trying High Seas sales due to steep fall in the domestic currency. They now need more money for the import release.

Extra financial burden means – ‘A down trend’

Filed Under: Cashew