Triangular Competition in West Africa

This entry was posted on Saturday, March 30th, 2013 and is filed under Cashew.

Speculative movement is rising in West Africa; mostly on increased competition between the Indian, Brazilian and Vietnamese processors. Most probably, this bullish trend is due to following factors –

1) Crop failure in Brazil

2) Unpredictability in the Vietnamese harvest

3) Still, there is no quality related improvement in the rain damaged Kerala raw nuts

4) Heavy pieces and very small kernels from this year’s East African imports.

If this trend continues, processors will have no other alternative except a sharp increase their kernel prices.

Filed Under: Cashew