Cashew Kernel Price Today

Cashew Kernel Price Today...

Temporarily suspended for constructions

Thứ Sáu, 15 tháng 12, 2017

India: Almond prices fall on subdued demand

15 Dec. 2017


New Delhi, Dec 15 () Almond california prices fell by Rs 100 per 40 kg at the dry fruit market in the national capital today due to subdued demand from retailers and stockists amid adequate stocks on fresh arrivals.

Almond (California) prices were down by Rs 100 to Rs 17,000-17,200 per 40 kg and its kernel rates also eased by Rs 5 to Rs 610-620 per kg, respectively.

Traders attributed the fall in almond prices to muted demand from retailers and stockists amidst adequate stocks.

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

Almond (California-new) Rs 17,000-17,200, almond-gurbandi Rs 12,000-12,500, almond (girdhi) Rs 5,000-5,100, abjosh afghani Rs 8,000-25,000, almond kernel (california) Rs 610-620 per kg, almond kernel (gurbandi) Rs 700-800 per kg, chilgoza- (Roasted) (1 kg) Rs 2,750-2,850, cashew kernel 1 kg (no 180) Rs 1,080-1,090, cashew Kernel (no 210) Rs 980-990, cashew kernel (no 240) Rs 915-920, cashew kernel (no 320) Rs 815-825, cashew kernel broken 2 pieces Rs 660-765, cashew kernel broken 4 pieces Rs 640-750, cashew kernel broken 8 pieces Rs 535-660, copra (qtl) Rs 16,000-18,500, coconut powder (25 kgs) Rs 4,800-5,500, dry dates-red (qtl) Rs 3,500-12,500, fig Rs 25,000-40,000 (40 kg), kishmish kandhari local Rs 10,000- 15,000 (40 kg), kishmish kandhari special Rs 8,000-20,000 (40 kg), kishmish Indian yellow (40 kg) Rs 3,600-4,300 (40 kg), kishmish Indian green Rs 6,300-10,300 (40 kg), pistachio Irani Rs 1,100-1,200 (1 kg), pistachio hairati Rs 1,410-1,485 (1 kg), pistachio peshawari Rs 1,580-1,655 (1 kg), pistachio dodi (roasted)750-860 (1 kg), walnut Rs 230-320 and walnut kernel(1 kg) Rs 500-900. DP SUN ADI BAL

Source: https://timesofindia.indiatimes.com/business/india-business/almond-prices-fall-on-subdued-demand/articleshow/62082166.cms

Cambodia to boost production to export cashew nuts to South Korea

13 Dec. 2017



Agri-company Camcashew and South Korean Naroo Marine have signed a memorandum of understanding (MoU) to export 10,000 metric tons of processed Cambodian cashew nuts to South Korea next year, where demand is high.

Read more and source: https://www.bakeryandsnacks.com/Article/2017/12/13/Cambodia-to-boost-production-to-export-cashew-nuts-to-South-Korea

India: Mumbai businessman sentenced to 5 years in jail for cheating bank of RS 9 crore

13 Dec. 2017


He allegedly cheated the bank of Rs9 lakh between 2002 and 2005.
He allegedly cheated the bank of Rs9 lakh between 2002 and 2005.(File pic for representation)

The businessman approached Dena Bank for $2 million in APG and Rs2.5 crore in FBN on the basis of the contract between SVFAPL and the foreign buyer Paragon Global Trade (PGT).


A special CBI magistrate court sentenced a 55-year-old businessman to five years rigorous imprisonment for cheating Dena Bank of Rs9 crore between 2002 and 2005 .
Hanumantrao Kharat, director of Shree Venkateshwara Foods & Agrotech Pvt. Ltd (SVFAPL), entered into a $6-million contract with a foreign company for cashew supply on June 30, 2002. He received advance payment guarantee (APG) and foreign bills negotiation (FBN).
On August 8, 2002, Kharat approached Dena Bank for $2 million in APG and Rs2.5 crorein FBN on the basis of the contract between SVFAPL and the foreign buyer Paragon Global Trade (PGT).
PGT had agreed to advance a payment of $ 2 million on condition that the bank for SVFAPL guarantees this amount.
After Dena Bank sanctioned the request, PGT deposited $2 million (₹9.63 crore as per the then exchange rate) favouring SVFAPL in the bank. The amount was received by SVFAPL on November 5, 2002.
Soon after receipt of the amount Kharat approached the bank to release Rs4.29 crores to procure export material. The bank released Rs4.29 crore soon. He again asked the bank Rs1.6 crore for the same reason.
It was later revealed of the total amount released, only Rs1.29 crore was used for procure cashew and the and the rest was diverted to his personal accounts.
Meanwhile, PGT was not in a position to utilise imported cashew and asked SVFAPL to export iron ore instead under the Exim policy. Kharat failed to export iron ore too.
Till 2005, Kharat had already sought extension for ADG several times. But on expiry of last extension in March 2005, the bank for PGT sought repayment of up to $1.87 million. Dena Bank had to repay the amount.
As Kharat failed to repay Rs9 crore, the bank lodged a complaint with the CBI in 2005.
The investigation revealed that Kharat had made false records showing his transaction with the other companies to get the payment released from the bank. It was said that the funds were diverted and was used for his personal use. However, the prosecution failed to prove the charges of forgery against Kharat.
Kharat in his defense had told the court that it was a civil dispute and he is booked for political agenda. Kharat said that all the transactions were legal and he is still making payment to Dena Bank. The court discarded his defence and convicted him for cheating.
Source: http://www.hindustantimes.com/mumbai-news/mumbai-businessman-sentenced-to-5-years-in-jail-for-cheating-bank-of-9-crore/story-zXqxQxa09uFSVjU63xCSXI.html

V4 countries sign four-year project supporting Kenyan farmers

Bratislava, Dec 14 (CTK) - 
Czech, Hungarian, Polish and Slovak representatives on Thursday signed a four-year project that aims to improve the conditions of thousands of small farmers in Kenya and contribute to the dealing with the causes of illegal migration in this way.
"Through this initiative, we will support 15,000 farmers on the coast of Kenya by creating jobs and improving the social and economic situation," Slovak Foreign Ministry state secretary Lukas Parizek said.
The chief manager of the project, worth 14 million euros in total according to previous information, is the state-run Slovak Agency for International Developmental Cooperation.
The project wants to help create new jobs in the production of cashew and sesame on the Kenyan coast.
The European Union will contribute two million euros through the Emergency Trust Fund for Africa. The four Central European countries signing the project, which form the Visegrad Group (V4), previously contributed over three million euros to third fund. In September, Slovakia decided to send further one million euros to it.
Jiri Hejkrlik, Vice Dean of the Faculty of Tropical AgriSciences of the Czech University of Life Sciences, said new cashew trees will be planted and the cashew nuts should be certified as fair trade and bio products.
The university would provide support for growing cashew nuts and sesame and also take part in the assessment of the whole project, Hejkrlik said.
The Czech University of Life Sciences and the Czech branch of the Fairtrade organisation will represent the Czech Republic in the project.
The prime ministers of the V4 countries Thursday confirmed their plan to financially support the protection of the Libyan border with 35 million euros, through the EU Emergency Trust Fund, each of them contributing one fourth of the sum.
Source: http://www.praguemonitor.com/2017/12/15/v4-countries-sign-four-year-project-supporting-kenyan-farmers

Gambia: Businessman Seeks to Inspire, Give Hope to Back-Way Returnees

14 Dec. 2017




Farimang Manneh, the proprietor of Sand Beach Hotel and CEO of a leading cashew nut exporting company in The Gambia is using his successes in entrepreneurship to set up a scheme that would motivate the country's back-way returnees to engage in cashew production and export.
"We have an agreement through which we help educate you, provide you with start-up seeds and after planting, we harvest together and market it and agree on a commission basis," he said as his staff and team of volunteers distribute aid packages to a group of 168 returnees from Libya yesterday.
Speaking in an exclusive interview at the Banjul airport yesterday, Mr. Manneh said his newly formed charitable NGO is engaging in farming plantation with Gambians who own farmlands. He is today a leading exporter of cashew nuts to Vietnam and India.
Manneh has returned home five years ago after living for 33 years in Europe. Manneh returned to establish a cashew nut exporting firm, Mand M trading, as well as build a hotel that employs tens of Gambians in the tourism sector.
"This year, we began production and increasing production of cashew nuts. Through the Humanitarian Opportunity for People Empowerment (HOPE), Manneh and some businessmen in the country are now seeking to empower the youths, particularly the back-way returnees.
"The cashew nut business is great in The Gambia and we are making good money through this here in ways that was impossible in Europe," Mr. Manneh said, emphasizing that his business empire came about because of this.
He has already absorbed some back-way returnees from Libya to work as employees at his hotel. This is an example of hope we are giving them, he explained.
7 per cent of migrants who arrived in Libya in 2016 were Gambians, according to the UN High Commission for Refugees. Tens of thousands risked their lives to reach Europe in search of hope which they had no way of finding in The Gambia over the past ten years.
IOM, the UN Migration Agency and the government of The Gambia last month launched the EU-IOM Joint Initiative for Migrant Protection and Reintegration in Banjul. The D100 million project was meant to support 1,500 migrants return to The Gambia to reintegrate into their communities of origin.
Over the last couple of months, about six chartered flights have been bringing Gambian migrants who have been trapped in Libya. Part of this work is also meant to contribute to the strengthening of Gambia's capacity to provide sustainable reintegration support.
However, the likes of Mr. Manneh and his NGO HOPE are private initiatives by private citizens helping to contribute to the country's migration crisis.
"If you tell the youths to go into farming without showing them what is in farming and how to get that thing, they will not be interested in going back... I know this because I was a youth over 30 years ago," Manneh said.
He said he saw himself in those youths who are so desperate to get to Europe by all means: "In those days, nothing inspires me than going to Europe and making it from there. After living there for 33 years, I now know that it is not there... there is anything there."
Source: http://allafrica.com/stories/201712140704.html