“When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps"
People look for opportunity but its got missed by narrow margin..that what 2011 cashew market showing from begening. IVC issues worst affected the cashew Industry... RCN market started at its highest position ever in market. By April end RCN market showed sign of downtrend but since shipments from IVC again started delay and crop quality from IVC and Ghana become down, market again started at rising trend.. Reports suggesting some big processors operated there processing unit in Ghana and IVC so a good portion of cargo will go their and more than 100000mt gone through LOME and TEMA port. So arrivals are very low now .. GAMBIA- BISSAU are trading at 1500-50-1600$ levels.. futher increase in Export duty Gambia also adding worries in price level..
Most of the processing units in Inida remains shut down especially in kerala, so it cause little bit high demand for cashew kernels. w320 is being traded at range of $3.90-4.05$ and W240 at 4.20$ levels.Local crops in India also be low in as per industry expectaation adding worries.
A change in RCN market will only boost the industryor kernels market had to be changed in to that level.
Appreciating valuable comments and suggestions
Warm & Best Regards
Sreejith k
COMMODITY TRADE CENTRE, INDIA
+91 9539000599
email : sreejith@ctcentre.in
skype: sreejith125@gmail.com
