Kernel Weak On Profit Booking

This entry was posted on Monday, June 27th, 2011 and is filed under Uncategorized.

Weakness in cashew kernel is mainly due to increase in production and supply. In spite of good demand, current kernel supply is said to be sufficient to meet the current Indian as well as global demand. At present, Processors are producing near maximum capacity and trying to sell as much as possible, as this the way of profit booking.  If the fall continues, then production may decrease and the situation may also change depending upon demand, supply and cost of production.

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