CASHEW PRICES HIT 2 YEAR LOW
What contributed to this very bearish market:
What contributed to this very bearish market:
1) Over capacity on production side in Vietnam more than 19% increase in exports (Till mid June 2018-159,000 MT vs Till mid June 17-134,000 MT) from Vietnam was not helping.
2) Too much speculation and wrong info in the market on actual RCN situation?
3) Very strong Vietnam + Cambodian crop.
4) Assumptions (speculations) from VN players > market cannot come down?! Really??
It is not great to see a whole industry suffering (defaults, losses on production, closures, bankruptcies, and so on) but hopefully we will all learn from it.
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