Nobody can bring the kernel market down when the market is facing the ‘Diwali season scarcity’. That’s why the prices bounced back, bounced back in W240 & W320.

According to some trade sources, bearish rumor kings are trying a collapse in the in-shell raw cashew market. Their target for raw cashew is Rupees seventy to eighty for a kilo, that’s too for the 29% cutting outturn!

Bear failed miserably by choosing the wrong time. Diwali season is certainly not a lucky time for him. He may come back again with full vigor when the Tanzanian govt starts the yearly auction process.

(NEXT POST: Is the Premium brand W320 moving towards Rs1000/kilo/wholesale/during the peak demand/at least including GST?)

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