Suggestion for October 2010

This entry was posted on Tuesday, October 5th, 2010 and is filed under Cashew.

Earlier, experts opined that wholesalers would stop all Diwali related purchases 2-3 weeks before Diwali. But lavish spending in Commonwealth games has changed the Indian cashew kernel scenario. Wholesalers are now facing acute shortage and are forced to buy only small quantities. Hence their festival buying season will extend till start of Diwali. So we suggest to make W320 (Goa and Mangalore) October contracts around Rs5500/tin of 11.340kg inclusive of all taxes.

Filed Under: Cashew