They Will Succeed Who Are Cautious

This entry was posted on Tuesday, June 21st, 2011 and is filed under Uncategorized.

Both raw cashew and cashew kernel buyers should be extra cautious in this bull  market. Bull trend may continue for next few days as this is a natural rise and not an artificially inflated increase. But speculators may land in trouble if they make wrong decisions on false rumors. Right now- 1) Though raw cashew prices have risen to an all-time high level,  there is enough availability for the next few months. 2) Current kernel prices are profitable to the industry because of decrease in the average procurement cost in the past few weeks and also due to huge rise in CNSL price in the global markets. 3) Industry is still facing financial sector problems and it will become severe if the demand slows down. 4) Forex market is almost steady in both India and Vietnam but there may be big changes in coming days.

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