"Opportunity is often difficult to recognize; we usually expect it to beckon us with beepers and billboards"

Those who taken risk and move without fearing had taste the sweet in this year also. Rcn and cashew kernels market is at its record high level in terms of pricing. Forward offers from west Africa in almost finished now its going to be Indonesia season. several arrivals cargoes are available but at very high price. arriving bissau cargos are selling at 1775$ levels and 47 lbs IVC at 1370$ cnf cochin/ tuticorin. But the traders who taken risk in RCN industry and who hold the cargo earned a very good return. 100$ - 150$ hike in bissau price can be seen in last two weeks. Demand for raw cashew in cashew Industry is increasing and Vietnam and Brazil is also buying in good quantity.



Cashew kernels are also rising into its peak level. Usual peak season from August to January bookings is goin to start. 4.62- 4.65$ Fob level is quoting for w320 and 4.75$ levels for W240. but it seems market will cross 5$ as soon as season starts . Domestic market in India is also goin to active by september- january.



Chances of market correction is very less unless the new season starts. Even Group packers in India is over committed with there consignments. So the market seems to be on positive mode till January shipments.


Appreciating your valuable comments

THANKS AND BEST REGARDS

SREEJITH K

PARTNER
COMMODITY TRADE CENTRE
KOLLAM, KERALA
Mob: +919539000599
Email: sreejith@ctcentre.in
skype: sreejith125