Large Pieces Up on Shortage of SWP

This entry was posted on Monday, January 2nd, 2012 and is filed under Cashew.

In India, biscuits and other food processors use small pieces like SWP, BB etc. Because of shortage and firm trend in these grades, speculators are back in splits and other large pieces. According to some market analysts, this is the best time to build up pieces stock for the coming ice cream and summer season. But wholes market is still in a wait and watch mode due to the holiday mood in US and Europe. Major buyers from the side markets and emerging markets are not interested in bulk purchases at this stage. They may follow the market makers but only for the direction. When they get the direction they will decide according to their long-term interests.

Filed Under: Cashew