There is revision of  minimum wages in India and Vietnam. In Kerala, the hike is said to be around 30%, which will be effective from Feb 2011.  In other states of India, the increase in dearness allowance may be around 15%, which will come in to effect from  April 2011. Increase in minimum wages will always have its impact on the market. Because of severe raw cashew shortage, raw cashew seller can not bear this cost. So, processors  have to rise their kernel prices to cover this additional cost.

Related Posts via Categories

• Activity Begins After the Holidays
• Very High Demand for Broken Grades due to Food Inflation and Huge Increase in the Packed Food Prices
• Price for W320 is Rs700/kilo/Goa-Mangalore but excluding West African Last Crop
• Bullish Uproar in the Market
• Survival of the Fittest is the Mantra for the Existing Units but New Entrants are Smelling a Great Opportunity!
• No Selling Pressure in Kernel Market
• Strong trend in Wholes, Buyer-Seller Adjustments in Broken
• Where is Raw Cashew for Next 5 Months? Is There a Chance of at least 25% Rise in the Kernel Market?
• Consumption on Increase, Supply not Matching with the Demand
• Market Waiting for the Rainy Season to END.