Sun, July 28 2013
Global markets may not cross $4.00 this year, despite there is a chance of an all time high in the Indian cashew kernel during the approaching Hindu festival season.
All time high may not be possible in Dollar terms because of the recent depreciation in the Indian and Brazilian currencies.
We think that $3.50-3.85/lb/W320/According to area-wise and factory-wise grading standards, is quite reasonable for Q3 and Q4.
Consumption should be maintained at all costs while increasing the temporary extra earnings.