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  • Optimistic market outlook II & III individual quarter / 2016

    Apr 7th, 2016

    <p>India <br></p> <p>In the Indian domestic market, due to the wedding season begins in summer and in some states should demand for goods is an increasing rapidly and expected shortages in the pool every half late May 4/2016 onwards . Date 01/4/2016 cashew exporters had to buy things Indian domestic workers with relatively high prices. Refer to the transaction price of domestic workers (including VAT and excluding packaging): WW240: 9.25 to 9.3 USD / kg; WW320: 8.4 to 8.45 USD / kg (rate USD1 = Rs 66.48). At this price, it is difficult to sign export contracts at low prices. <br></p> <p>Forecast Indian domestic consumption (especially every tank) will increase from the end of April to July / 2016 as the biggest event of the year festivities, including Ramadan will take place in May and June / 2016. Besides being important elections of the states will also take place during this period (World Cashew Blog, T4 / 2016). <br></p> <p>Brazil <br></p> <p>About 122 days (05/8/2016) will take place in Rio De Janeiro Olympics in 2016 in Brazil. So right from the moment, many processing plants in Brazil which have reserves of raw materials to serve this important Olympics. Forecasts 100% domestic production of crude in Brazil this year will be devoted to domestic consumption, instead of processing for export to the North American country every year. However, the economy and politics in Brazil this year are many uncertainties, Real continuously depreciating against the USD, ... probably will have a major impact on the country's cashew sector in the coming period. <br></p> <p>Vietnam <br></p> <p>It's international transactions in the first week of June 4/2016 was relatively stable, but the cashew processing enterprises still sold far limited. Refer to today's price of 05/4/2016, applies to the US, EU, Australia, ... (Unit: USD / lb FOB Tp. HCM / Flexi packs): WW240: 3.8 to 3, 9; WW320: 3.6 to 3.7; WW450 / SW320 / LBW320: 3.5-3.6; DW: 3.25 to 3.35; WS / WB: 3.2 to 3.3; LWP: 3.0 to 3.15. It looks like cashew market is setting up a new price level for this year, according to the experts some things.<br></p>


    Source: VINACAS
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