Cautious Sentiments despite improved Activities

This entry was posted on Saturday, October 22nd, 2011 and is filed under Cashew.

Though there is some improvement in demand for white wholes and white pieces, buyers cautious approach may once again halt the raw cashew as well as cashew kernel trade. Indian Rupee has now crossed the psychological mark of Rs 50/Dollar. Such psychological factors  always have more influence on the temporary market sentiments. Indian raw cashew importers may postpone their purchases till November first or second week despite urgency due to shortage of inventory and heavy kernel forward contracts in W240, W320 and W450.

Filed Under: Cashew