Today there are no forward sellers in the Indian cashew kernel. Most probably, the market has moved towards Rs6500/11.340 kg/September/Premium W320/Goa-Mangalore.
According to some market analysts, buyers are also responsible for the current situation -
- Some buyers are not interested in any kind of customer relationship. They created many problems during the second-half of the Ramadan month. So when the opportunity comes to sellers, they should also try their best to cash the chance.
So whatever is the Diwali market, there will be sellers resistance’ till Diwali.
Cashew trade is always volatile because of buyers buying strategy and sellers sales strategy.
Source: World Cashew