Sudden and spectacular jump in the raw cashew is certainly not in the interest of the Industry. When the Brazilian Real is plummetting and the Indian forex is also in uncertainty, both exporters and importers might face the cosequenceses of this kind of unnatural rise.
– When the imported inventory arrives, releasing may become a problem
Bull Rumor – Tanzanian Raw cashew is Trading nearly $1500/Ton/180 counts/India
Bear Romor – Some Importers have cancelled import commitments of above $1400/Ton/180 counts due to Rupee depreciation.