Cashew Kernel Price Today

Cashew Kernel Price Today, June 19, 2017

(W240: N/A); W320: 4,95-5,1;

W450/ SW320: 4,85-4,9; (LBW: N/A)

(DW: N/A); WS/WB: 4,3-4,5;

LP: 3,6-3,7 (SP: N/A)

(Unit: USD/ Lb FOB HCMC/ Flexi packs)

Note: The above selling prices for non-Chinese markets

Thứ Sáu, 23 tháng 6, 2017

Ghana: Cashew producers urge to add value to the product

23 June 2017

Accra, GNA – A research on economic potentials of cashew fruits has revealed that the fruit is rich in vitamin C and could be processed into various fruit juices such as cashew apple and cereal juices.

The research conducted by the Food Research Institute, one of the 13 research institutes of the Council  for Scientific and Research Institute (CSRI), also indicated that most of cashew tress in Ghana were cut down to grow mango trees as a result of less patronage of the fruits.

Mrs Nina B Ackah, Project Co-ordinator, Economic Potential of cashew fruit Project, said there were a number of economic uses of cashew, which still lacked exposure and patronage in the country.

She said people did not patronise the fruit because of the tannin taste and most them were wasted, hence the project to find other economic potentials of the product.

“Observation shows that in many of the cashew farms in the country, a lot of the fleshy apple and some nuts are left to go waste. In addition, the fruit has a very delicate skin which makes it highly perishable and unstable for transportation,” she added.

She said with economic empowerment of farmers in mind, the study aimed at transforming Ghana’s cashew sector from a low-priced commodity to an exporter of high cashew products in the near future.

Mrs Ackah said to make that a reality, the project had developed three shelf stable products which would maximise the utilisation of cashew fruits in Ghana.

She mentioned capital including infrastructure and equipment; skilled labour, adequate supply of raw materials and utilities such as liquefied petroleum gas, electricity from the national grid or other alternatives like solar energy, and regular water supply as some requirements for the production of cashew apple products.

She said the location of the processing site was critical as the further away it was from production sites, the more expensive the final product would be due to the cost of transportation and the loss of fruits as a result of deterioration during transit.

Most of the participants expressed the need to entice the youth and women into cashew farming as the farmers, mostly male are old and would soon retire from the farming.

The total export revenue realised from cashew in 2016 was 244.5 million dollars making the commodity the leading non-traditional crop export revenue generator in Ghana.

By Patience Gbeze/Janet Zeylisa, GNA


India: Cashew producers hail lower GST rate

24 June 2017

Ponda: The Goods and Services Tax Council's decision to reduce their GST from 18% to 12%, has given the Goa Cashew Manufacturers' Association reason to cheer. They are now hopeful that this move will boost the cashew business in the state.

Speaking to reporters, the association's president, Madhav Sahakari, said that the lowering of GST would also result in lower procurement rates and would help them control the rates of cashew kernels. "Goa has nearly 40 cashew nut processing units, including 22 large industries, which need about 20,000 to 22,000 tonnes raw cashew seeds every year. The lower GST rate will have an effect on bulk procurement rates, which will in turn enable us to keep the prices of cashew nuts low, too. tnn


India: Cashew growers hail rate reduction

24 June 2017

PONDA: The Goa Cashew Manufacturers’ Association (GCMA) President Madhav Sahkari, who is also the Goa Dairy chairman, on Friday thanked the Centre and the GST Council for considering its representation and providing major relief by reducing rates on raw cashew nuts.

PONDA: The Goa Cashew Manufacturers’ Association (GCMA) President Madhav Sahkari, who is also the Goa Dairy chairman, on Friday thanked the Centre and the GST Council for considering its representation and providing major relief by reducing rates on raw cashew nuts. The prices will come down from Rs 12 to Rs 5.
He thanked GST Council for reducing the rate of value added products like roasted, salted and flavoured cashew from 18 to 12 per cent. He also thanked CM Manohar Parrikar for taking up their cause.
He said from July 1, GST will be implemented and prior to that this reduction in GST in raw and also in value added tax will directly benefit farmers, processors, manufacturers.
Initially, the cashew industry was deeply concerned when GST rate was announced at 12 per cent for cashew nut and cashew kernels and 18 percent for its value added products as it is high value product and could result in huge drop in its consumption on account of these high taxes.
This reduction will benefit farmers directly as it will make the cultivation of cashew highly viable. He said because of this, our dependence on imported raw cashew will reduce substantially and we will be able to save forex.  He further said Goa is a famous tourist destination and also known for high quality cashew and an increase in GST rates would have made this nutritious nut more expensive and out of reach for the Goans.

India: Pistachio falls on subdued demand

New Delhi, Jun 23 () 

Pistachio prices eased by Rs 10 per kg in the national capital today largely due to subdued demand from retailers and stockists.

Adequate stocks position following increased arrivals from overseas markets also put pressure on pistachio prices.

Pistachio (hairati and peshawari) fell Rs 10 each to settle at Rs 1,390-1,440 and Rs 1,490-1,540 per kg, respectively.

Traders said muted demand from retailers and stockists against increased arrivals, mainly led to the fall in pistachio prices.

Following are today's quotations (per 40 kgs):

  • Almond (California) Rs 16,900-17,100, almond (Gurbandi) Rs 12,000-12,100, almond (Girdhi) Rs 5,000-5,200; abjosh afghani Rs 8,000-23,000, almond kernel (california) Rs 605-610 per kg, almond kernel (gurbandi) Rs 725-800 per kg, chilgoza (Roasted) (1 kg) Rs 2,500-2,700, 
  • cashew kernel 1 kg (no 180) Rs 1,075-1,085 cashew Kernel (no 210) Rs 950-960, cashew kernel (no 240) Rs 900-925, cashew kernel (no 320) Rs 800-825, cashew kernel broken 2 pieces Rs 670-770, cashew kernel broken 4 pieces Rs 650-765, cashew kernel broken 8 pieces Rs 550-660, 
  • copra (qtl) Rs 8,500-10,500, coconut powder (25 kgs) Rs 3,900 -4,300, dry dates Red (qtl) Rs 2,400-12,000, fig Rs 20,000- 26,000, kishmish kandhari local Rs 10,000-15,000, kishmish kandhari special Rs 9,000-21,000, kishmish Indian yellow Rs 3,500-4,700, kishmish Indian green Rs 5,000-7,500, 
  • pistachio Irani Rs 1,000-1,100, pistachio hairati Rs 1,390-1,440, pistachio peshawari Rs 1,490-1,540, pistachio dodi (roasted) 700-800, 
  • walnut Rs 270-380 and walnut kernel (1 kg) Rs 800- 1,300. 




23 June 2017

Ziguinchor, June 23 (APS) - The die cashew generates annual revenues of around 30 billion CFA francs in Senegal, but suffers from a '' poor organization '', said Friday in Ziguinchor ( south), the Trade Minister Alioune Sarr.
"Cashew is an industry that produces 20 000 tonnes per year. Nearly 350,000 people in four regions working in the sector that generates 30 billion a year, '' Has he told a regional development committee (CRD) special dedicated to this sector. 
Nevertheless, the sector of cashew in Senegal "suffers from several problems including bad organization," said Minister Alioune Sarr, also support the informal sector, Consumption, Promotion of local products and SMEs.
Administrative and local authorities, economic operators and several actors cashew sector took part in this meeting whose aim is to "take all the necessary decisions", to develop a strategy that can boost the sector .
The CRD should also bring the actors to interact, to arrive at a diagnosis of the sector.
"We are here to listen and make decisions together (...) because this sector is faced with many challenges. We must make the diagnosis, act together and develop a strategy," said Alioune Sarr.
He stressed "the importance of this sector employs over 14% of the population" in the areas of production of cashew in Fatick (Sokone), part of the Niayes and Casamance (Sédhiou Kolda and Ziguinchor).
"It is especially the establishment of an inter cashew. This sector constitutes a value chain between producers, nut collectors, managers and traders processing units. Like the channels like onion and mango , you need an inter, "stressed the Minister of Commerce.
"Countries like the Ivory Coast (the world's largest cashew exporter) have made great strides in this sector by almost doubling their domestic production in three years. It is possible to do in Senegal that can reach 100 000 tonnes per year, "he said.
The Commerce Minister deplored "the very low level" of the transformation of the nuts and cashew apple. "Less than 3% of the production is processed locally. Almost 98% are exported primarily to Asia. We strongly urge industrialists to invest in the transformation," he pleaded.
In this context, the Minister of Commerce reported the existence of a fund of 26 billion CFA francs, dedicated to supporting the sector.