Rupee Appreciation Shocks Indian Cashew Trade

This entry was posted on Friday, April 7th, 2017 and is filed under Cashew, Cashew Market, Cashew News, Cashew Prices.

Exporters buying interest is on decrease as there is no stop to the continuing Rupee appreciation.Their rate for premium W320 is 7800+VAT/without packing/11.340 kilo/Goa-Mangalore.

North Indian buyers are now in a wait and watch mode as there is no competition from domestic exporters.

The Rupee appreciation usually delays a fall in the raw cashew market. However, fall will come when the supply exceeds demand.

 

 

 

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Filed Under: Cashew, Cashew Market, Cashew News, Cashew Prices