Reasons Behind the Kernel Market Slide

This entry was posted on Tuesday, February 2nd, 2010 and is filed under Cashew.

The main reasons behind the cashew kernel price decline are –
1) Lack of auspicious ceremonies in the Indian calender. India is now world no.1 in cashew kernel consumption.
2)Many processors are looking to increase their sales turnover and export turnover before 31st march(F/Y). They are selling right now instead of waiting for the last moment.
3) Very good cashew crop in Tanzania and Mozambique.
4) Strengthening of the Dollar against other currencies.

Filed Under: Cashew