Expectation and exploring opportunity two success mantra for success in cashew market for 2011…it’s not seen easy for all traders …only with willpower and risk taking ability manufacturers and traders can survive in this season…if 2010 seen a bulk profit booking for majority of traders, 2011 not seems easy entry for them…situation in IVC worsening day by day…wage hike in cashew industry in Kollam, report of crop failure from brazil all these add worries to concern in cashew industry..
Demand for cashew in local market is little down now. But export enquiries are coming for march- april consignments.Off markets like Israel and Asian markets are showing good buying interest. But political problems in off markets like Egypt, Tunisia etc...are adding little bit of worries. European markets showing little buying interest only indicating that they are still under curb of recession.
W 320 is being traded at $3.75 level and W240 at $4.15 Fob. In raw cashew industry different news are coming from market, last year we see price difference of about 20-25$ from each seller but 2011 they are quotng with a difference of around 100- 150$... clear picture will come by mid of feb.
"The secret of success in life is for a man to be ready for his opportunity when it comes."
Benjamin Disraeli
Warm Regards
Sreejith k
commodity trade centre
kerala, India
+919539000599
