West African Raw Cashew Bearish as Indian Rupee Hits New Low

This entry was posted on Thursday, June 21st, 2012 and is filed under Cashew.

West African raw cashew market is moving downwards on further Rupee depreciation. Ivorian lower out-turn nuts are now much cheaper and buyers think that the risk factor is more in costly imports as current price difference between the lower and higher out-turn is too much. So, they are choosing cheaper nuts over costly higher quality.

Filed Under: Cashew