Only Forward Demand in India

This entry was posted on Monday, July 2nd, 2012 and is filed under Cashew.

North Indian buyers are postponing their purchases, despite a steady or slightly stronger export market. Supply is improving from southern states as sellers  now showing more and more interest in the domestic market.

Indian exporters have temporarily reduced their purchases as the domestic currency appreciation is nearly 4% in the last 5-6 days. Small scale sellers are now compelled to look towards their nearest local buyers but there is only forward demand, i.e, for the August end- September period. If the export market moves up in accordance with the Indian Rupee value, short term demand may re-emerge on supply shortage.

Filed Under: Cashew