Heavy Rains, Steady Market

This entry was posted on Saturday, July 31st, 2010 and is filed under Cashew.

The cashew kernel market is ruling steady despite heavy downpour throughout India. Some improvements are expected in the export scenario by next week. One reason is the Brazilian off time. New crop from Brazil is expected to arrive by October-November. Another reason is that the Indonesian crop which is in its early stage. At present, the Indonesian forward raw cashew price is totally unworkable.

Filed Under: Cashew