Impact of Strengthening Dollar

This entry was posted on Sunday, May 9th, 2010 and is filed under Cashew.

Whenever Dollar becomes strong, raw cashew imports become costly but cashew kernel exporters earn more profits. If the Indian Rupee weakens further, importers will have to pay more money during the delivery period. Already the rate of raw cashew is financially unfeasible and it will become totally unworkable even if cashew kernel prices increase marginally.

Filed Under: Cashew