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  • Cashew: Only Forward Demand in India

    Jul 3rd, 2012

    <p></p><p>North Indian buyers are postponing their purchases, despite a steady or slightly stronger export market. Supply is improving from southern states as sellers are showing more and more interest in the domestic market.</p> <p>Indian exporters have temporarily reduced their purchases as the domestic currency appreciation is nearly 4% in the last 5-6 days. Small scale sellers are now compelled to look towards their nearest local buyers but there is only forward demand, i.e, for the August end- September period. If the export market moves up in accordance with the Indian Rupee value, short term demand may re-emerge on supply </p><p>&nbsp;</p><br><p></p>


    Source: worldcashew.com
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