Cashews Latest news - 22.12.2011
The market for cashewnutkernels is quiet. Demand is slow. Sellers are offering but also not in a hurry. It looks like everybody first wants to wait till the holiday season is over before making decision for the forward positions. Supply side hopes that demand will pick up in January. Current stocks of raw nuts are limited and not much bought from East Africa yet. Increasing demand in January could cause slightly firmer prices as new crop from India/ Vietnam and West Africa will only be available from April onwards. Demand is strongly depending on consumer demand. As soon as buyers will know more about their sales figures and their stocks they will start looking at their forward positions. If demand around Christmas is strong carry over into 2012 will be limited and activity can be expected.