World Markets Steady Despite an Approaching Rest Period in the Indian Wedding Season

This entry was posted on Monday, February 18th, 2013 and is filed under Cashew.

If the Rupee stabilizes around 53-54/Dollar and the Real moves around 1.96-2.00/Dollar, global cashew kernel may remain steady till the end of March 2013. This period is good for international buyers as there is no support for local exporters from the Indian domestic market.

In India, many new grades can be seen in pieces and lower grades – ‘just to attract buyers’.

Filed Under: Cashew