Indian Rupee Dips but Weather Improves in West Africa

This entry was posted on Monday, April 16th, 2012 and is filed under Cashew.

Indian Rupee and the Brazilian real are once again moving downwards against the US Dollar but there is no significant reaction in the cashew market. Trends are showing increased demand for Ivorian, Beninese and Guinea-Bissau cashew nuts as the current West African weather conditions are said to be positive and favorable to the cashew trade. Though there is some progress in the kernel sector, processors’ cost of production is much more than the actual market.

Filed Under: Cashew