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Cashew April 18, 2019

The market of cashewnutkernels continues to come down. Most important reason is lack of demand. Where will it end remains the question. Interest for RCN remains slow. Vietnamese processors are trying to find demand and lowering their prices. With the discounted prices they pick up some demand but the big buyers remain quiet. What will happen when demand will enter for bigger quantities. As processors are not covered for their RCN yet but continue committing at cheaper levels, market easily can turn around and prices to go up. This is very tricky.
We would recommend to continue to cover step by step while the prices ease to make sure that you take advantage of the lower prices and be able to average your prices when market will turn around.