Action Begins in Asia

This entry was posted on Tuesday, June 26th, 2012 and is filed under Cashew.

There is now large scale buying interest in the Indian domestic market, mostly for the August-September period. Spot prices are also slightly ahead owing to improved forward demand. Sellers may get Rs5900/Tin of 25 Pounds/August-September/Premium grading but their asking price is above Rs6000/Tin/August/Premium grading.

Market also expects more demand from China, Korea, Japan and other emerging markets.

Filed Under: Cashew