Raw cashew sellers not showing selling interest

This entry was posted on Wednesday, April 8th, 2020 and is filed under Cashew.

Retail price of raw cashew is on increase in Vietnam & West Africa. Both large-scale as well as small-scale farmers are mostly in a wait & watch mode. The prices are above Rs60/kilo.

We think that the price factor is not at all an important factor this year ———-‘CURRENCY MARKET may witness hitherto unknown volatility’———–

Lockdowns might temporarily stop the movement in the raw cashew but the MOST DANGEROUS CURRENCY FLUCTUATIONS MAY SEND THE INSHELL RAW NUT MARKET FY 2020-21 IN TO COMA!

Filed Under: Cashew