Dramatic Rise In The Indian Cashew Kernel

This entry was posted on Thursday, June 30th, 2011 and is filed under Uncategorized.

Sudden and dramatic increase in the Indian cashew kernel is mainly due to –  1) Strong bullish rumors in the Indonesian raw cashew market. According to rumors, prices have already crossed $2200/ton and nearing $2250/ton. 2) Significant jump in the cashew kernel forward prices, especially for September-October delivery. 3) Decrease in the stock position of the higher grades because of very narrow difference in prices between W320and W240.

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