Uncertainty May Begin Over European Problems

This entry was posted on Tuesday, May 15th, 2012 and is filed under Cashew.

Large scale import-export trade always needs favorable micro and macro environments. Though still there is good demand for cashew kernel in almost all European countries, sliding Euro and crashing European stock markets are the factors that represent the changing scenario.

There is also a chance of profit booking. If the Euro fall continues, European re-sellers can sell their Euro term purchase contracts under Dollar terms, to gain immediate Forex profits.

Certainly, the fear of recession is not a recession.

Filed Under: Cashew