Indian Raw Cashew Market Plunges

This entry was posted on Wednesday, August 11th, 2010 and is filed under Cashew.

Resellers of imported raw cashew have started to sell their stocks at much lower than last week’s prices. Downward movement in cashew kernel during this festival season is totally against their expectations. Wholesale kernel buyers withdraw from the market a month before Diwali. The raw cashew processed before this period will fetch highly profitable price. So the processors are still hopeful about cashew kernel prices up to October end but not hopeful about raw cashew prices after this period. Therefore they are interested in raw cashew sales.

Filed Under: Cashew