Suggestion for November 2010

This entry was posted on Monday, November 15th, 2010 and is filed under Cashew.

During mid October, cashew kernel market suffered because of unnecessary panic spread by rumors. But the down fall in prices was only temporary and the supply shortage led the upward swing again. Market is now governed by cost of production. Raw cashew cost will determine the future cashew kernel trends. So, we suggest to make W320 November spot global contracts around $3.80 – $3.95 and Indian contracts (Mangalore and Goa) around Rs5100 – Rs5400 inclusive of all Taxes.

Filed Under: Cashew