CashewInformation.com

CashewInformation
News

Home   >   NEWS & VIEWS   >   News

  • Indian Currency Movement: A Big Worry to the Vietnamese Cashew Industry.

    Jun 22nd, 2012

    <p></p><p>At present, the down trend in the global cashew kernel is almost proportionate to the Indian Rupee value. If the Rupee depreciates kernel prices also drop but when the Indian currency shows some upswing, buyers immediately offer few extra cents. So, there is no benefit to the Indian cashew industry from this kind of uncertainty.</p> <p>Brazilian currency is also falling in value but this fall is not proportionate to the Indian currency devaluation. </p><p>This kind of situation is certainly a big worry to the Vietnamese cashew sector. </p><p>&nbsp;</p><br><p></p>


    Source: worldcashew.com
Top