LAF: ruồi hút mật

[bean2000]

Những thông tin này có link không vậy bác

Mr. Sampat làm ở Indiacommodities.com. Họ gủi Cashew Week mổi tuần. Nếu bác muốn kiểm chứng thì đã có đầy đủ thông tin bên dưới

Còn đây là bản tin tiếp theo


----- Original Message -----
From: Pankaj Sampat
Sent: Sunday, June 26, 2011 2:09 AM
Subject: CASHEW MARKET REPORT - JUNE 25, 2011


JUNE 25, 2011

In week 26, cashew market was steady with a firm undertone. There was a fair amount of business in W320, W450, Splits, Pieces. Business was done for W240 around 4.80-85, W320 around 4.50-4.60, W450 around 4.45-4.50, Splits around 3.90-3.95, Pieces around 3.80-3.85 FOB. Some processors were selling few cents lower and some processors were able to sell few cents higher.

Indian domestic market is very firm – in the last three weeks, prices have moved up 10-12% for brokens and 5-6% for wholes. Availability for prompt deliveries is limited and this is adding to the firmness of the market. Normally, availability is better during Aug-Dec which is peak consumption period in India but this year supply will not be as comfortable because RCN flow is spread over a longer period + RCN imports are lower (Vietnam has been more aggressive and Brazil has taken a good quantity) + pipeline is empty.

RCN market is steady - GB around 1700, Senegal/Gambia around 1600, Benin around 1550 and IVC from 1350-1450 C&F. Arrivals into India are slow – transit times are about 8 weeks compared to the normal 4-5 weeks. Coupled with the delays in shipments from IVC, this means that processing in Apr-Jun has been much lower than normal.

Buyers seem to be reluctant to buy larger volumes for longer spreads as they are concerned about the impact of high prices on usage (so far the impact has not been much because currency movements are reducing the impact in some markets and some markets have absorbed the increase). At the back of the mind, there is probably also a concern about the precarious condition of the economy & financial markets.

The pattern of buying 2-3 months requirement at a time coupled with the tight supply position is keeping the market firm. Some market or the other is always buying – knowing this and since RCN shipments are coming in slowly, most shellers are not under pressure to sell even if markets goes quiet for a couple of weeks. At such times, some processors who need to keep selling regularly because they do not have forward sales (by choice or compulsion) sell few cents lower but such lower offers are quickly absorbed.

This trend of short term buying which provides support to the market will continue until (1) the supply improves significantly (which is unlikely in the short term - 2011 Southern and 2012 Northern crops have to be good to provide relief on supply side) or (2) there is a big drop in usage in last quarter & contracting for 2012 or (3) buyers cover a larger portion of their requirements for a longer time.

Overall, there is nothing on the horizon to clear the clouds - market outlook continues to be hazy and until we come to some tipping point, the market will continue to dip (buying opportunity) & spike (selling chance). Trend change will happen only when there is some big change in supply or demand (or some big external development).

Would appreciate your comments on market situation, your views on demand and market trend + any other news / information


Regards,
Pankaj N. Sampat
SAMSONS TRADING CO
Mumbai - India
Phone +91 22 64564300
Mobile +91 98200 79015
Fax +91 22 26462346
email [email protected] / [email protected]