Cashew Kernel Price Today

Cashew Kernel Price Today...

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Thứ Ba, 17 tháng 4, 2018


17 APR 2018

Cashew kernel prices came down significantly during March with some processors selling W320 as low as 4.25 FOB for prompt and nearby shipments.  Prices have moved up a few cents during April but still lower than the levels traded during Jan/Feb.  Differential between the lowest and highest offer at any given time has widened considerably. 

Current range of prices is W240 from US$ 4.75 to 5.00, W320 from US$ 4.40 to 4.85,  W450 from US$ 4.35 to 4.60, SW from US$ 4.30 to 4.50, Splits from US$ 4.15 to 4.40 and LP from US$ 3.50 to 3.75 FOB

RCN prices also declined during March - lowest levels were 200-300 dollars lower than the highs of Jan / Feb.  Now, prices seem to have bottomed out and there is a slight pick up in the last 2 weeks.  Current prices are in the range of US$ 1900 to 1950 for IVC, around US$ 2000 for Ghana, around US$ 2050 for Benin and US$ 1900-2000 for other origins (Burkina, Togo, Conakry etc)

The current RCN prices are lower than the peaks of Nov 2017 - Feb 2018 but higher than the range in which majority of the 2017 crop was traded.

The current kernel prices are lower than the peaks of mid 2017 and near the bottom of the range traded during 2017.

As noted before, RCN prices have moved up about 60-70% in the last 3 years where kernel prices have moved up only 30-35%

Overall, supply of kernels in 2018 is likely to be the same as 2017.  Vietnam & Cambodia will have bigger crops than they have had in last 2-3 years but the earlier expectation of huge crops in these 2 origins has been tempered down from 600-650K to about 450 or max 500K.  There is some concern about crop in some areas of India.  No adverse news from West Africa but kernel yields are certainly lower than normal at this stage of the crop.  This is a trend we have been seen for the last few years - African crops are bigger but kernel yields are lower.

Vietnam has been slow in buying in West Africa. One reason is the higher purchases from Tanzania in the last quarter of 2017 coupled with bigger crops in Vietnam & Cambodia. Other is reluctance of processors to pay the very high prices  quoted in Feb / early March in the face of slow kernel market.  Large processors have been buying in the declining market.  In the last couple of weeks, there are signs of more processors starting to buy.

Indian processors have bought reasonable quantities in West Africa mainly because low purchases in East Africa meant stocks were low.  They will probably continue to buy if prices remain around current levels.

Kernel buyers have been comfortable with their strategy to buy small quantities for nearby shipments as prices have been coming down.  As there is no concern on supply, they have not felt the need to take any large forward covers - especially when the processors are asking significant premiums for deliveries beyond couple of months.  

The fact that not much kernel business has been done for second half 2018 shipments is a double edged sword.  It means that processors will need to sell at regular intervals to maintain inventory & cash flow levels.  It also means that buyers will have to buy at regular intervals to have enough product to deliver to roasters and roasters to retailers.   The problem could be if the RCN prices do not come down further (or go up) without an increase in kernel prices 0r kernel activity.  Processors would reduce RCN buying and this could result in reduction of conversion & kernel availability for some periods although RCN availability may be okay. 

We have seen more than once that cashew market can do what very few expect, BUT 

Our feeling is that in the coming weeks, RCN prices will stabilise around current levels or move up a bit.   If that happens, processors will be forced to increase kernel prices as their margins are already under pressure with current prices.  And that may lead to an increase in kernel activity if buyers see the market turning. 

Although we do not expect prices to move up too much, we would not be surprised if W320 are trading around the high of the current range.  Unless something big happens, downside is limited. 

Would appreciate your feedback + comments on supply prospects & demand trends and your views on market trend in coming weeks and second half of 2018 

Pankaj N. Sampat


Thứ Năm, 22 tháng 2, 2018

IVC: Cashew leaking from frontier production areas to neighboring countries: Cashew Cotton Council makes provisions and warns all contraveners

22 Feb. 2018
© Other press by DR 
Dr Adama COULIBALY, Director General of the Coton Anacarde Council and General Commissioner of SIETTA 2016

In a note to the operators of the Cashew nut sector, of which we have received a copy, the Conseil du Coton Cashew reveals measures taken to combat the phenomenon of cashew nut leakage from frontier production areas to neighboring countries. . And warns all violators of these provisions. 

'' Since the last few years, I have been seeing an upsurge in the phenomenon of cashew nuts escaping from frontier production areas to neighboring countries. Observations made on the ground confirm that some operators engage with impunity in this traffic detrimental to the national economy, given the loss of revenue it causes ", deplores the Directorate of the Council Coton Anacarde.

In view of the magnitude of this scourge, and anxious to make every effort to eradicate it during the present campaign, the Council of Cotton and Cashew reminds that the transport of products is production areas to ports and processing plants, and cargoes must be accompanied by a transfer sheet specifying the destination of the products. It decided to prohibit the return to the border areas of any vehicle or rolling vehicle carrying cashew nuts, as well as refueled cargo at the entrance of the port shops. He therefore decided on the systematic and immediate closure until further notice of any store and collection center located in areas adjacent to the border.

'' Any operator contravening these provisions is exposed to sanctions up to the withdrawal of its approval, without prejudice to criminal prosecution, in accordance with the regulations in force '', warns the Board of Directors Coton Anacarde. 

As a reminder, during the 2017 marketing campaign for cashew nuts, '' more than 1300 trucks that had loaded had not unloaded '', had revealed the Director General of the Council Coton-Anacarde, Dr. Adama Coulibaly, During the press conference launching the campaign on February 15, 2018. Production forecasts for 2018 amount to 750,000 tons. "A capacity largely within reach of Côte d'Ivoire," according to Dr. Adama Coulibaly.

on a forecast of 715,000 tons for the 2017 campaign, production amounted to just over 711,000 tons. This allowed the irrigation of 509 billion CFA francs in rural areas. 

Elisha B.


Korhogo: launch of the CNRA-CIRAD collaborative research project on fruits and vegetables

21 Feb. 2018
© Other press by DR 
Korhogo: launch of the CNRA-CIRAD collaborative research project on fruits and vegetables 
A launching workshop on the start of the collaborative research project between the national agronomic research center (CNRA) of Côte d'Ivoire and the Center for International Cooperation in Agronomic Research for Development (CIRAD) in Montpellier, France led by Dr. Eric Malezieux (CIRAD), Hortsys Research Unit Director, took place on the 20th and 21st of February 2018 in Korhogo, North of the French Riviera. 'Ivory.

A launching workshop on the start of the collaborative research project between the National Agricultural Research Center (CNRA) of Côte d'Ivoire and the Center for International Cooperation in Agronomic Research for Development (CIRAD) in Montpellier, France led by Dr Eric Malezieux (CIRAD), director of the Hortsys research unit, took place on 20 and 21 February 2018 in Korhogo, northern Côte d'Ivoire.

It was in the presence of Secretary General Binaté Lassina representing the prefect of Poro region, representatives of the Ivorian Ministry of Agriculture and Rural Development, local elected officials, partners and agricultural actors, researchers and teacher-researchers the Peleforo gon Coulibaly (UPGC) universities of Korhogo, Lorougnon Guede University of Daloa ,. According to the organizers, the general objective is to contribute to the good implementation of the project by organizing a meeting place for all major stakeholders to refine the objectives of the project activities and to build a detailed action plan . The first day was devoted to presentations followed by presentations to decision-makers to raise awareness of the importance of agroecology in fruit production and market gardening. And the project review to update the activities to be conducted and to establish a detailed timetable for the second day. A visit to the project implementation sites, notably at the CNRA fruit station in the Lataha sub-prefecture, not far from the city of Korhogo, a mango orchard, a cashew orchard and a market garden site. were the highlights of this reunion between researchers.

For the regional director of the CNRA DR N'guessan Angelo representing the DG "the fruit and vegetables sectors Ivorian representing a sector of activity in full development as well on the export markets as on the domestic markets with a production of fresh fruits estimated at more million tons. However, mango and cashew industry crops still face numerous constraints, including health problems and quality production time for mango trees and low yields for cashew. On the other hand Market gardening faces the inappropriate and often abusive use of chemical pesticides, dangerous for both populations and for the quality of the environment, the presence of many invasive pests.

Benogo TOURE à K orhogo

IVC: Cashew nut: Crusades for quality

21 Feb. 2018

Cashew nut: Crusades for quality

Côte d'Ivoire, the leading producer of cashew nuts but processing just 6%, wants to rise to the challenge of quality to better sell its products and earn foreign exchange.
The Cotton and Cashew Council, in collaboration with the Quality Platform, decided, from 23 to 27 January, to promote the quality of cashew nuts for the global competitiveness of the cashew nut sector. Three teams of 18 members, 6 from the General Directorate of the Cotton and Cashew Council and 12 from the Cashew Quality Platform, visited the production areas of Bondoukou, Bouna, Ferké-Boundiali and Mankono. Katiola, to sensitize and involve closely actors of the sector in the management of the cashew nut.

The content of the message for the promotion of quality of cashew nuts, which was issued in the three zones, focused on four points. Producers have a duty to market well-seasoned and well-sorted products. Buyers and exporters should only buy these products. 

The actors of the sector must scrupulously respect all the provisions relating to marketing, especially those related to the quality of the products. They must also be aware of the challenge of good quality for sustainable development of the cashew nut sector.

N'Dri Philippe, Special Advisor to Dr. Adama Coulibaly, General Manager of the Cotton and Cashew Council, has pinpointed the stakes of these awareness campaigns, in view of the impending marketing campaign. 

The Board wants to support all stakeholders, through the Quality Platform, in the quality approach, to ensure better profitability of the sector because the quality certainly has a cost, but it also has a price on the international market.

Conscious of this situation, the Council, reminded the representative of the director general, to ensure the sustainable development of the cashew nut sector through a continuous improvement of its results, led, with all the institutional actors and the operators of the sector. , reflections on the problem of the quality of the Ivorian cashew nut. This allowed significant progress. In particular, the establishment of a Quality Platform and the adoption, in January 2017, of a national strategic plan for the preservation and improvement of the quality of raw cashew nuts in Côte d'Ivoire.

The areas of intervention identified covered the entire value chain: production, harvest and post-harvest operations, marketing, processing and export of cashew nuts. An ambitious program for the valorization of the Ivory Coast origin has been executed, focusing on awareness raising, training of the actors, improving access to the bagging, rigorous application of restrictive measures quality at unloading and export level. 

To safeguard all these gains and to fully benefit all the actors in the value chain from the fruits of their efforts, the Cotton and Cashew Council and the Quality Platform want to sustainably improve the competitiveness of the Ivorian cashew sector. .

So that the beautiful and first production of 114,772 tons recorded by the Béré region, in 2017, can be fully commercialized or transformed and create new wealth for the well-being of the people. 

Franck A. Zagbayou

IVC: A site identified to install cashew processing plants in Korhogo

20 Feb. 2018

Korhogo - Korhogo Town Hall plans to develop an industrial area, especially for the regrouping of cashew processing factories, which are becoming more and more common in the commune. 

A team from the National Bureau of Technical Study and Development (BNETD) held Monday, in the meeting room of the prefecture, a meeting to return the environmental impact study of this project planned on a site of 25 ha in the communal village of Klokakaha. 

The development of this industrial zone will make it possible to increase the processing potential of the cashew produced in the region while promoting the creation of jobs and increasing the income of the local population, said the BNETD emissary, Droh Pelagie.

The locality of Korhogo is one of the main production areas of cashew nuts in Ivory Coast. 

According to the technical director of the Korhogo Town Hall, the site was chosen in agreement with the village landowners and the notability. 

Kaem / akn / kp