By Julian Gale
Published: 07 April 2017 04:08 PM
Dutch broker Global Trading & Agency summed up the cashew market as remaining in “a bit of a rollercoaster”. The company explained that one day sellers are discounting their kernel prices as they have no demand and buyers are gone, while the next day, some demand shows up for limited quantities and prices immediately increase a couple of cents again.
The company finds that raw cashew nut (RCN) demand is almost as volatile with the added impacts of a lot of rumours circulating in the market.
It listed the current facts (and rumours) as follows:-
“Keeping all the facts in mind, our expectation is that...