Influence of Asian and African Markets

This entry was posted on Tuesday, July 13th, 2010 and is filed under Uncategorized.

American and European markets mainly decide global cashew kernel behavior. But from last two weeks there is no significant buying from these regions. Even then the market is buoyant because of increasing demand in Asia and Africa. Indian small processors are selling at fairly good prices in their domestic market. Large scale processors are selling to Japan and Gulf nations. Although there are some American buyers, Vietnamese are seeing better prices in China. They are expecting 14% rise in kernel market.

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