Bounce Back in Rupee And Real

This entry was posted on Saturday, December 3rd, 2011 and is filed under Cashew.

Despite 3% rise in the Indian Rupee and 5% rise in the Brazilian Real, Global cashew kernel market is calm and looking for some big and clear variations or indications. Right now, there is no aggressive reaction over these fluctuations but if the strengthening of the Rupee and Real continues in the next couple of weeks, a bull market may emerge in a big way. Current availability of quality inventory is very low and and there is no large stock of white wholes in the market.

Filed Under: Cashew