Cashew’s Tragedy Role In This Forex Drama

This entry was posted on Tuesday, December 13th, 2011 and is filed under Cashew.

These past 6-8 weeks have been very challenging to the cashew industry. Whenever sellers try to do something to improve the market sentiments, Forex takes a sudden turn and dashes their hopes. Their plan backfires and the market fails to move or even falls. Many bulk buyers now want to purchase before the Year-End or before the holiday season, but once again there is a steep fall in the Indian Rupee and Brazilian Real. Whatever is the result of this, positive or negative, cashew industry is suffering 10-15% losses from past few weeks and the production cost in India will further increase after 31 March, 2012.

Filed Under: Cashew