White Grades Moving Towards Fancy Rate as Stock Market Marks Biggest Single-Day Gain in a Decade!

This entry was posted on Saturday, September 21st, 2019 and is filed under Cashew.

Buyers are showing interest in purchase contracts up to the last day of the Diwali. W240/Premium/Goa-Mangalore quality is trading up to Rs900+GST/kilo/Diwali payment & similar brand W320 is moving around Rs820+GST/kilo/Diwali payment.

Exporters think that the F.O.B prices for the Indian quality will witness an immediate rally as the raw material supply from Indonesia is too small to the global production. Although Vietnam has an import contract of 176000 tons with Tanzania, the harvest time of the said quantity was 2018.

Brazilian harvest usually depends on the raw material price. ‘Whenever the price collapses, harvest also becomes a disaster because of the increasing labor cost’

SO, ONLY INDIAN EXPORTERS CAN COMMAND THE INTERNATIONAL CASHEW MARKET FOR THE APPROACHING CHRISTMAS-NEW YEAR.

Filed Under: Cashew