Three days strike in Kerala has stopped the down trend in W320 category wholes. Current price of premium grade W320 is nearly Rs6000/11.340 kgs/ Goa-Mangalore.
Global kernel buyers are cautious on account of abnormal downfall in Euro and Brazilian Real.
Real is plummeting during this year’s West African harvest season. If the trend continues, Brazilian cashew industry will land in huge trouble.
This year’s Forex situation can not do any good to the international raw cashew market.