Cashew, Market Report, June 2022

Bullish
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West Africa crops are at their end and have traded in average at higher levels versus last year;
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India and Vietnam processors will need coverages for the second half of the year production and are waiting for demand to enter;
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Supply disruptions, vessel/container restraints, and local pandemic restrictions continue to impact kernel production. Overall, the quality of northern hemisphere crops was well below expectations
Bearish
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Consumption hasn't picked up in June, and could be disappointing as well during the remaining summer months;
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US/Europe markets remain fairly inactive for nearby needs;
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Consumers are spending under pressure and may lead to less demand in the near future.