Symptoms Indicate A Temporary Steadiness In Cashew Kernel

This entry was posted on Tuesday, June 14th, 2011 and is filed under Uncategorized.

Global cashew kernel market witnessed a very strong bullish activity during past few days. Kernel prices crossed the all-time high levels despite adequate supply in some grades. But right now the market is waiting for directions. Market correction and profit booking strategy may halt the further uptrend.  Symptoms such as improvement in production, south Indian rainy season, arrival of imported raw cashew nuts indicate a temporary steadiness in the market. There after the market may get its direction according to demand, supply and consumption.

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