Big Rally in the Raw Cashew market

This entry was posted on Monday, March 8th, 2010 and is filed under Cashew.

Today’s jump in the Indian raw cashew market is the immediate reaction of the crop shortage. Next impact of this may be on Benin, Nigeria and Ivory coast raw nuts. The cost of production of W320 has now crossed $3.00 per pound. So the final impact of the crop shortage will be on cashew kernel prices, which should always cross the cost of production. Most probably, it will happen soon.

Filed Under: Cashew