Indian Currency Movement: A Big Worry to the Vietnamese Cashew Industry.

This entry was posted on Friday, June 22nd, 2012 and is filed under Uncategorized.

At present, the down trend in the global cashew kernel is almost proportionate to the prevailing Rupee value. If the Rupee depreciates, kernel prices also drop but when the Indian currency shows some upswing, buyers immediately offer few extra cents. So, there is no benefit to the Indian cashew industry from this kind of uncertainty.

Brazilian currency is also falling in value but this fall is not proportionate or equal to the Indian currency devaluation. Even then, their position is almost same.

This kind of situation is certainly a big worry to the Vietnamese cashew sector.

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