Buyers Resistance
This entry was posted on Tuesday, January 19th, 2010 and is filed under Cashew.
Indian cashew kernel rates are down by Rs50 to Rs100 per tin of 25 pounds due to sluggish US demand. American buyers are interested in only April-May shipments. But most of cashew kernel exporters have already sold their February-March deliveries. So buyers from the side markets are still buying W320 grade around $3.oo per pound.
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Filed Under: Cashew