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30-May2011

Local Cashew Nut Deficiency May Decrease 15%

Local quantity of raw cashew nuts is probably be lower by nearly 10% to 15% this period. Previously estimations had forecasted a lot more critical drop of 30% to 40 % in the present period. But the cashew market spokesmen are of watch that the crop will improve than the before estimations.

The small drop in local supply has occurred during a period when there`s a worldwide deficiency of fresh cashew nuts. Provides from Ivory Coastline dropped because of the governmental unrest in that region. Market spokesmen noticed that Brazil has additionally entered the import sector since there is a deficiency in crop this season.

Brazil is a main provider of cashew to United states market. The cashew-processing nations will contend to import fresh cashew nuts from African nations. This could increase the deficiency scenario, the market spokesmen stated.

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