Revival of speculative activity in SW, SSW, Splits and Pieces in India is mostly due to -
1) Sudden increase in the import duty
2) Weakness in the Indian Rupee
3) Approaching Ramadan Month, which will begin from July 9
4) Huge rise in the prices of fruits, vegetables and other food items
- Coming days may witness some healthy competition between the Indian domestic and global markets.
Source: World Cashew