Cashew Market Shows Signs Of Stabilizing (02-Feb-2010)
The cashew market exhibited signs of stabilization last week. Besides, there is some buying interest for W-320 grade emerging. February-April shipments were offered at $2.70 a kg (f.o.b) for W-320, Mumbai-based trading sources said. Trades during the week have been in a wide range - W240 from $2.90 to $3.00, W320: $2.70-2.80, W450: $2.50-2.55 (f.o.b).
Meanwhile, Vietnam has been selling at lower levels than India and Brazil. In the last six weeks, W320 has dropped 25-30 cents, W240 10-15 cents and W450 10-15 cents a kg.
In the last three months, W320 improved from $2.70-2.75 to $3 and came down to $2.70-2.80 (f.o.b). This volatility has given reasonable trading opportunities, but it has not been advantageous to processors or end-users. There has been no apparent reason for this instability excluding for the jump in raw cashewnut prices in November, Mr Pankaj Sampat, a trader said.
Top News Today
 Maruti Suzuki, the country's largest auto-maker is likely to set up its stockyard facility in Nagpur, to reduce the transit time and increase delivery of vehicles. The company is producing 8,000 units
 Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, launched new name tunes service called 'Your Name Your Tune'. With the help of this service,
 Bajaj Auto, country's second largest two wheeler maker has unveiled its all new motorcycle -- Pulsar 200NS -- in Mumbai. Price of 2012 Pulsar will be revealed during its launch in April 2012 and it is
|
International Stock News
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
 The US markets made a mixed closing on Tuesday, with the indices mostly slipping after US economic data failed to live up to expectation. The reports showed that American consumer confidence trailed estimates
 The US markets closed lower on Monday, as leaders in Europe gather to discuss the debt crisis for the seventeenth time in two years and tensions remained high with Portugal’s soaring borrowing costs. On
|
|
Recent Commodity-Market News
|
|