Cashew prices surge, growing areas hit by bad weather
date:Aug 12, 2016
hat packers in Vietnam, who had overcommitted their sales, were forced to delay shipments. This in turn caused a shortage on the European market, further pushing up prices.

While some buyers sought to wait out the rally for further raw nut supplies from Africa to Vietnam and India, the quality and supply volumes have failed to improve, forcing them to scramble in a thin market.

The tight supply situation has been aggravated by the troubles facing Indias cashew processors. A rise in labour cost
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