Selling Pressure in Some Areas

This entry was posted on Monday, February 14th, 2011 and is filed under Cashew.
Indian cashew kernel market is still  moving downwards, even if the loss per kilo is now above 10%. Processors are trying their best to clear their kernel stocks before March, which is the financial  year-end month for the Indian business world. But north Indian buyers are not interested in bulk buying before the arrival of new crop. Once the selling pressure eases in Karnataka and eastern states, the market may bounce back.

Filed Under: Cashew