No Selling Pressure in Kernel Market

This entry was posted on Wednesday, November 11th, 2020 and is filed under Cashew.

Branded Vietnamese enterprises who sell W320 around $3.10 to $3.20 per Pound in the Chinese market are getting 3 to 6 percent surprise additions in their pocket on account of the continuing Yuan appreciation. This is happening from last 3 months under the Yuan to Dong payment term!

Indian processors who sell in the domestic market are getting $4.00+GST/lb/Goa-Mangalore.

Whatever is the Diwali consumption, wholesale buyers are trying their best to accumulate as much as possible expecting a bumper winter. ‘CASHEW IS THE FOOD WHICH INDIANS CONSUME FOR MAINTAINING THE BODY TEMPERATURE, ESPECIALLY DURING THE SEVERE COLD WEATHER.

Filed Under: Cashew