Thứ Năm, 23 tháng 3, 2017

IVC: Cashew Nut: Plastic bags are banned (regional delegate of CCA)

Published Wednesday, March 22, 2017 |  AIP



Séguéla - During a meeting held in the prefecture, the regional delegate of the Council of cotton and cashew in Séguéla, Kone Issouf, communicated the measures taken by the industry regulatory body, among which the ban the use of plastic bags. 

'' Plastic bags, that's it! Taking someone, it is the law that will apply, '' warned the delegates Monday. He took care of distributing the circular note of the Directorate General for the Suppression of 15 violations of the provisions applicable to the domestic marketing of cashews. 

It stipulates seizure and destruction of the bags and the payment of a lump sum equivalent to 50% of the value jute bags. 

The plastic bags or polypropylene greatly degrade the quality of the product as not being ventilated, justifies the Council of cotton and cashew. To work around this provision, some buyers who say fail to convey bags of cashew nuts that night, '' between 2H and 3H in the morning. '' The regional delegate has revealed, '' to the test '', the 182 bags in three days before. 

'' If the producer has no bag, which I highly doubt, leave because if we take you with plastic bags, you'll take, '' he said while calling on buyers taking care of bags given to them free by the CCA. 

In the previous campaign, six billion CFA francs were released for purchase of jute sack in which 318 000 have been distributed to producers of Séguéla (Northwest, Worodougou region). 

kkp / cmas

Ghana: $ 244.5 million in revenue for the cashews with the help of the Ivory Coast!

MARCH 22, 2017 - 12:45 |

Cashew exports generated $ 244.5 million in revenue in Ghana in 2016. However, the Ivory Coast is no stranger to this good result! Indeed, the export volume in 2016 amounted to 163 000 tonnes, gold Ghana produces only 50,000 to 70,000 tonnes of cashew, revealed Winfred Osei Owusu, President of the Ghana Cashew Industry Association for Business and Financial Times . Part of the volumes thus comes from neighboring countries - via including Sampa border posts and Atuna in the Brong Ahafo - which has yet banned since 2013, the border trade in cashew.
If the Ivorian government tries with the police and customs officers to limit the passage of Ivorian nuts to Ghana, Winfred Osei Owusu its part believes that the business environment is favorable making Ghana the preferred destination of the subregion nuts buyers. The producers themselves are not wrong, the prices are more profitable in Ghana.
Side processing, the rub. Of the 13 plants processing cashew, totaling a capacity of 62 000 tonnes, only three are now operational, limiting the utilization rate to 15 000 tonnes. The government says its will to support and streamline the sector with the creation of the Cashew Development Authority.
According to Kwaku Asoma Cheremeh, Brong Ahafo Regional Minister, the Authority would ensure such an increase in production, price regulation and a revival of the processing sector through the rehabilitation of distressed companies and the creation of new and guaranteeing a cashew supply crude to supply the factories. The government is ready to transform the industry as cashew cocoa. Farmers will receive agricultural inputs such as fertilizers and improved seeds. Processors also benefit from the necessary industrial environment to thrive , "he said.
Source: http://www.commodafrica.com/22-03-2017-ghana-2445-millions-de-recettes-pour-la-noix-de-cajou-avec-laide-de-la-cote-divoire

Thứ Ba, 21 tháng 3, 2017

Ghana exports $244.5m worth of cashews

21 March 2017



The total export revenue realized from cashew in 2016 was US$244,500,000, making the commodity the leading, non-traditional, crop export revenue generator for Ghana, according to the President of the Ghana Cashew Industry Association, Winfred Osei Owusu.

He said the quantity of raw cashew nuts exported from the country in 2016 was 163,000 metric tonnes, which positions Ghana as one of the leading exporters of the commodity to the international market.

“There is an over two million metric tonne demand gap on the international market. Ghana can take advantage of this huge opportunity once we have the potential to do so. Currently, cashew trades better than cocoa on the international market. In the last 5-6 years, the price of cashew has increased by 700% and it is still rising,” he indicated.

He said cashews are selling (FOB) on the international market at US$2,200 per metric tonne, as against cocoa, which is pegged at US$2,100 for the same quantity. “Consistently, cashew has, over the past six years, seen prices increase worldwide, so the trend shows that it is a crop that can generate more revenue when giving the necessary support.”

Source: ghanaweb.com

IVC: Rising cashew demand fuels smuggling from Ivory Coast

21 March 2017
By Loucoumane Coulibaly | ABIDJAN



Rising demand for cashew nuts has fueled smuggling from Ivory Coast to Ghana and other countries, damaging the quality of exports from the world's top producer, farmers and exporters said on Tuesday.

Ivory Coast is on track to produce a record 715,000 tonnes of raw cashews this year thanks to good weather, but exporters estimate that about 100,000 tonnes, including the best-quality nuts, could be smuggled out of the country.

Cashews are primarily smuggled to Ghana and in smaller amounts to Burkina Faso and Mali. Smuggling happens every year but has grown more profitable, and thus more common, this season, farmers said.

Ghana does not tax cashew exports, while Ivory Coast charges 85 CFA francs ($0.14) per kilogram. Transit costs in Ivory Coast are also double those in Ghana, an Ivory Coast-based exporter said.

"The government has to do something about this quickly ... All the quality material is going to neighboring countries (illegally)," the exporter said. "It's putting the entire sector in danger."

He estimated that nearly 40,000 tonnes of cashews have crossed the borders already and that about 100,000 tonnes will be smuggled out this season.

Another exporter estimated that 120,000 tonnes are smuggled out each year, but said it was too soon to know for this season.

Cashew prices have increased in Ivory Coast and elsewhere on demand that has been rising for several years.

Ivory Coast's government set a minimum farmgate price of 440 CFA francs per kg for the 2017 marketing season, which began in mid-February, up from 350 CFA francs last year.

But farmers said they are making 650 to 800 CFA francs per kg, and in eastern regions the nuts are being resold to Ghanaian buyers for 900 to 1,000 francs per kg.

In the eastern region of Abengourou, even cocoa farmers are smuggling cashews, farmers said.

Ivory Coast was already the world's top cocoa producer before passing India to become the top cashew producer in 2015.

"Cocoa farmers are organizing to buy (cashews) around Bondoukou and sell them to the Ghanaians. Every day there are dozens of trucks that cross the border," said Lambert Koffi, a cocoa farmer in Abengourou.

An official at a major export company said the high demand is driven primarily by India and Vietnam, which buy the majority of cashew exports from Ivory Coast.

(Additional reporting by Joe Bavier; Writing by Nellie Peyton; Editing by David Goodman)

Source: http://mobile.reuters.com/article/idUSKBN16S29Y

Ghana: Cashew generates US$244.5m in export revenue

Mon, 20 Mar 20171



Cashew has two million metric tonne demand gap on the international market.

The total export revenue realized from cashew in 2016 was US$244,500,000, making the commodity the leading non-traditional crop export revenue generator.

The President of the Ghana Cashew Industry Association, Winfred Osei Owusu, disclosed this to the Business and Financial Times on the sidelines of a field visit to cashew farms at Wenchi in the Brong Ahafo Region.

He said the quantity of raw cashew nuts exported from the country in 2016 was 163,000 metric tonnes, which positions Ghana as one of the leading exporter of the commodity onto the international market.

Ghana produces between 50,000 to 70, 0000mt of raw cashew nuts annually, but it exports far more than that figure. Mr. Owusu attributed it to the conducive business environment in the country, thus making Ghana a preferred destination in the Sub-Region for cashew traders across the world.

Checks by the B&FT revealed that most of the exporters buy cashew from Cote d’Ivoire via border posts at Sampa andAtuna in the Brong Ahafo Region. Though the Ivorian government in 2013 banned trans-border trade of cashew, but the desperate traders are able to manoeuver their way out.

He urged the government to capitalise on Ghana’s competitive edge in the cashew tradeas well as the hot demand for the commodity on the international market to develop the industry into a more viable avenue for economic transformation.

“There is over two million metric tonne demand gap on the international market. Ghana can take advantage of this huge opportunity once we have the glaring potential to do so. Currently, cashew trades better than cocoa on the international market. In the last 5-6 years, the price of cashew has increased by 700% and it is still rising,” he indicated.

He said cashew is selling (FOB) on the international at US$2,200 per metric tonne as against cocoa which is pegged at US$2,100 at the same quantity. “Consistently, cashew has over the past six years seen price increase worldwide, so the trend shows that it is a crop that can generate more revenue when giving the necessary support.”

Current state of cashew industry

Of the 13 cashew processing factories in the country, only three are currently operational, the rest have all shut down. The three factories in business are those owned by foreigners. The total installed capacity of the 13 factories is around 62,000 metric tonnes but the utilization level is only 15,000 metric tonnes.

High cost of cashew raw nuts (RCN) is prominent among the factors that have forced all the Ghanaian-owned processing plants to shut down. The price of RCNper kilogramme is US$1.56 equivalent to GH¢7 while a metric tonne price hovers around US$1,555.

Other factors militating against the cashew industry include lack of access to working capital and elusiveness of modern technology and equipment by industry players.

Mr. Owusu stated that cashew as an export crop provides a very good avenue for the government to make more revenue from it. As a rural economic transformational commodity which has attract about twelve companies to the Brong Ahafo Region,this is one area the government can look at by assisting such companies under its ‘One district, one factory’ initiative to create more jobs;cashew is also perfect for the planting for food and jobs policy, he added.

Financing of cashew industry 

On his part, an industry player, John Addauay lamented at the prevailing interest rates, saying they are inimical to the growth of the industry.” He said ‘if you have a strategic crop that can create employment and bring development to rural areas and sub-urban drift; I think it is worth for government to institute soft concessionary loan package for a period of about 4-5 years.’

He also called for a ‘push’ to get the cashew fruit processed into drinks or food. The focus has always been on the nuts but the fruit which is about five times the quantity of nuts goes waste. This can generate more income for the farmers when processed, he stated.

Mr. Anthony Kwaku Adu, National President of Cashew Farmers Association proposed the reintroduction of cashew development project which was implement from 2001to 2009 by the Ministry of Food and Agriculture. He said the development of cashew in the country now is the fruit of that project. “Framers are ever prepared to cultivate more with the little support from the government.”

Source: http://mobile.ghanaweb.com/GhanaHomePage/business/Cashew-generates-US-244-5m-in-export-revenue-520366

India: Raw nut prices worry cashew exporters

18 March 2017



KOCHI: The steep price of imported raw nuts continues to be a worry for cashew exporters. Many factories that downed shutters due to the cash crunch following demonetisation, have gradually resumed operations. But they have been hampered by costly imported raw nuts and an appreciating rupee.

“At $4.5 to 4.7 per pound (Rs 650-680/kg), the export price of cashew kernels is not at par with the price of imported raw nuts what is averaging around $2,000 per tonne,” said Pankaj N Sampat, director of Mumbai-based Samson Traders.

Cashew kernel prices which had risen to $4.90 per pound dropped to $4.50 at the time of demonetisation. But it improved slightly in January 2017 which helped boost exports.

Cashew kernel exports at 8,680 tonnes valued at Rs 586 crore in January is up 17% in quantity and 46% in value from a year ago.

This jump has pulled down overall decline in shipments during the fiscal. The ten-month exports ended Jan 2017 stood at 70,0049 tonnes valued at Rs 4,326 crore. This showed a 14% fall in quantity.

At the same time, value witnessed a 4% rise. Till November last year, quantity had fallen 28% from a year earlier. Although the price of raw nuts from Tanzania and Indonesia earlier were higher, the quality was superior.

“Now the quality of raw nuts from west African countries is not that good. This reflects on kernels processed from them,” said P Sundaran, chairman, Cashew Export Promotion Council of India.

Source: http://m.economictimes.com/markets/commodities/news/raw-nut-prices-worry-cashew-exporters/articleshow/57681986.cms

India: Duty free import of machineries is to be withdrawn from the Foreign Trade Policy from the year 2018

20 March 2017



Please be informed that EPCG scheme, popularly known for duty free import of machineries is to be withdrawn from the Foreign Trade Policy from the year 2018.    Hence, please plan immediately about our import requirement of machineries and purchase before June, 2017 before implementation of GST.     After implementation of GST., we may get exemption upto 10% of basic Customs duty, subject to some terms and conditions as per the circular to be issued at that time.    This 10%duty exemption is also  expected to be available upto  December 2017,  and the EPCG scheme will be abolished from the year 2018.

Also, according to the recent implementation of  FTA (Free Trade Agreement) there are chances to cut all the incentives for the exports from next year, 2018, especially MEIS (formerly FPS duty scrip incentive)

Source: Anil Kumar G