Price Levelling activity in the Raw Cashew Forward Trade

This entry was posted on Monday, February 1st, 2010 and is filed under Cashew.

Price balancing activity has started to take place in the Indian and Benin new crop raw cashew trade. Although the sellers have no physical possession of new crop, they are now making forward contracts. Benin raw cashew rates have increased by $50 per ton, but the Indian new crop forward market is moving in the reverse direction due to lack of buying support.

Filed Under: Cashew