Cashew Kernel Price Today

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Thứ Sáu, 31 tháng 5, 2013

India: Protest in Kochi over move to shift cashew office to Kollam

Protest is brewing among the business and political fraternity in Kochi over the reported move to shift the city office of Cashew Export Promotion Council of India (CEPCI) to Kollam.

Parliament members from Ernakulam and various chambers of commerce and industry have sought the intervention of the Union Commerce Ministry in this regard.
According to CEPCI unions, the Administration Committee of the Council has unilaterally decided to shut down its Kochi office from June 30 without keeping the promise to consult the unions. There was a similar move to shut down Kochi office in 2007 which was thwarted following the political and trade body interventions at that time.
It is pointed out that the Kochi office is functioning in its own building on 30 cents for more than 50 years. Since the cashew industry is mainly an export-oriented industry, the CEPC office at Kochi is vital for promotion of cashew exports.
K.N. Marzook, Chairman of Kerala Chamber of Commerce and Industry, has urged the Union Commerce Minister Anand Sharma to look into the matter. He pointed out that all other commodity boards such as Spices Board, Coconut Development Board, Coir Board, MPEDA have their head offices in Kochi.
Hence retaining the regional office of CEPC in Kochi will help it work more effectively in liaison with all these organisations, he said and added that infrastructure facilities available in Kochi are better than in any other part of the State.
CEPC employees pointed out that the proposed move for shifting the office is to occupy the building in Kollam which is meant exclusively for laboratory and research centre. The fund allotted by the Ministry to construct Cashew Bhavan at Kollam is only for accommodating CEPC laboratory.
They also submitted a memorandum to the Union Commerce Minister requesting him to retain the Kochi office as CEPC regional office in public interest.
The present move to shift the office to Kollam is against the earlier government order of December 26, 2007, directing CEPC to convene a meeting with employees unions to resolve the matter. The government order also directed that the decision of shifting the office may not be implemented till such time, the employees point out.
As 60 per cent of the cashew exports are taking place through Kochi ‘port, the city can act as a liaison point for CEPC members from all over the country, the unions said.
Source: Business Line

Thứ Ba, 28 tháng 5, 2013

India: Make a Bearish Rumor, then Buy Raw Cashew in Maharashtra

May 27th, 2013


At present, some raw cashew sellers in Maharashtra are blindly following any or every bearish rumors. According to some trade sources, whatever is the bearish rumor today, that becomes the market tomorrow!
Such sellers might empty their stocks by mid-June. When that happens, cashew kernel may witness a long-term bullish movement as the month of Ramadan in 2013 will start on 9th of July.
Source: World Cashew

Thứ Hai, 27 tháng 5, 2013

ICAR moves to patent Goa’s Feni manufacturing process

After obtaining Geographical Indication (GI) status for the famous Goa Feni, researchers and producers in the coastal State are now trying to patent the process to manufacture this local brew, which is also known for its medicinal benefits.

The Indian Council for Agricultural Research (ICAR) has begun the process to patent the process of manufacturing Feni (spirit made from either coconut or the juice of cashew apple) in consultation with legal experts, who have prepared a water tight case to be presented before the authorities concerned.
“The process to be patented involves the system followed to manufacture Feni, right from plucking of cashew apple to bottling of the brewed final product,” ICAR Goa Director, Dr N.P. Singh, told PTI.
On behalf of ICAR, the application is moved to Patenting Authority of India (PAI), which will certify the process after inviting objections from across the world.
“To get it patented, the process should be unique to the Feni manufactured in Goa,” Singh said.
The researchers are closely working with a local businessman, Gurudatta Bhakta, who owns a brewery producing internationally marketed Feni. The ICAR would also rope in more entrepreneurs, mostly from South Goa this month for the process.
Singh said that the process of brewing Feni was earlier unhygienic as cashew apples were traditionally crushed with legs. Now researchers have devised a new strategy which is an improvised version of the traditional method, involving introduction of micro-organisms during fermentation of the juice.
“ICAR has developed a micro—organism which is a local entity and can be introduced in the juice during fermentation,” he said.
At the end of the process, the final product (Feni) would be available in different flavours.
“If you want to sell Feni outside the country, they insist on quality,” Singh said, adding that researchers are not opposed to traditional ways but hygiene is the most important.
There are 35 leading Feni processors besides several hundred people brewing this spirit alongside their cashew plantations in Goa.
Source: Business Line

Chủ Nhật, 26 tháng 5, 2013

Nigeria: ACA announces World Cashew Festival (from 16-19 September 2013, Lagos, Nigeria)

Publication date: 5/3/2013

On 16-19 September 2013, the African Cashew Alliance (ACA) will hold the World Cashew Festival and the Expo13 in Lagos, Nigeria at the Eko Hotel Suites. Cashew farmers, processors, traders, exporters, services providers, retailers, equipment manufacturers, bankers, and governments will certainly convene again to shape tomorrow’s cashew industry.

The 2013 World Cashew Festival will be a unique platform from which to do business, exchange practices, and learn from experts from around the world. The World Cashew Expo13 will offer opportunities to meet with equipment manufacturers and service providers. This year the Cashew Festival’s focus will be put on one of the industry’s most significant multipliers: cashew consumption and its forces. In future years an increase in consumption of African cashew will boost emerging markets and offers huge business potential to be tapped by local and foreign investors.

On its 300,000 hectares of cashew farms, Nigeria produced a total of 85,000MT of nuts in 2012, making it the fifth largest producer in Africa. In 2012 Nigeria had an installed processing capacity of about 42,000 MT while actually processing about 30,000MT. With a population of 150 million people Nigeria is the most populous country in Africa, making it one of the most promising potential consumption markets.

“I’m very encouraged. This is the first time I’ve come to West-Africa. There are large investments and smaller investments – it’s happening now. The food quality is building quickly. The supply chain is set up to handle raw seed – it’ll just switch to handling kernels’,' an international buyer referred at the 7th ACA Annual Conference in 2012 Cotonou, Benin.

The development of the cashew industry in Africa
Formerly neglected as an important force in cashew business, the African cashew sector has become a highly visible contributor during the last 10 years. With a yield of more than one million tons of raw cashew nut in 2012, that is 45% of the world’s total crop, Africa is now the world’s largest producer of RCN. Between 2011 and 2012 processing has increased from 82,000 tons to 115,000 tons, and continues to show rising tendencies – these promising prospects draw investors from all parts of the world.

For more information:
Meredith Ragno
African Cashew Alliance
Tel: +233 0302 77 41 62
Email: mragno@africancashewalliance.com
www.africancashewalliance.com

Source: ACA

Cashew farmers appeal to government to establish buying agency

May 26, 2013


Nana Kwadwo Magsah II, acting President of the Sampa Traditional Council in the Jaman North District, has appealed to government to establish a marketing agency for the purchase of cashew produced in the country.

He expressed worry that the cashew industry, the main economic stay of people in the Jaman North, was not receiving the needed government support for the marketing of the cash crop.
Nana Magsah made the appeal on Friday during a courtesy call on the Council by Mr Paul Evans Aidoo, the Regional Minister and his entourage at Sampa.
Mr Aidoo was at the palace to introduce himself to the chiefs and people of the area as part of his one-day project inspection tour of the Jaman North and South Districts.
The Chief said lives of the people, particularly farmers in the District solely depended on the production of the crop but they were producing at great losses because private buying companies and individuals determined the price per kilo to them.
Nana Magsah, also Chief of the Adonten Division of the Sampa Traditional Area, said they were at the mercy of the buyers who sometimes dictated the price of the commodity to as low as GH¢0.50 ( fifty Pesewas) per kilo instead of the usual GH¢1.00.
“This is because without them we have no other avenue to market the produce for fair reasonable prices”, he explained and stressed the need for a government purchasing agency as it pertains to the Cocoa and Coffee industry.
Nana Magsah said tonnes of cashew were transported to the nation’s ports for export all year round, explaining that the purchasing companies were buying at a very discouraging price from them because they could not process the crop to any meaningful use in the area.
The Chief recalled there was a time a kilo of the commodity was being bought at GH¢1.50 and this drove many into the cultivation of the crop.
It is time for government’s intervention with the establishment of a buying agency to buy the commodity for us to have a fair deal, stressing that “the cashew farmers are all languishing in abject poverty because of low income”.
Mr Aidoo, in response, said government had decided to wean itself of the buying and marketing of cash crops because of the challenges and problems associated with that responsibility.
The Regional Minister urged the farmers to form co-operatives and associations to have not only a stronger bargaining power to negotiate for fair purchasing price of the commodity but to also encourage competition in the cashew industry.
Mr Aidoo and his entourage including Mr Felix Chaahaah, the Regional Co-ordinating Director and Chief Director at the Regional Co-ordinating Council and the Deputy Commissioner of Police (DCOP) Mr Robert Ayalingo later called on the Traditional authorities of Suma at Suma Ahenkro and Sekatia, all in the Jaman North before calling on the Dwenem-Awasu, Drobo and Mpuasu-Japekrom Traditional Authorities also in the Jaman South.
Source: GNA

Vietnam tries to hold cashew nut export prices to rescue growers

24/05/2013


VietNamNet Bridge – In an effort to save the cashew industry, local authorities have been moving ahead with the special plans to develop cashew growing areas.

Vietnam, cashew nut exports, Vinacas, investment, Indian market, farmers
Cashew growing areas shrink
Cashew nuts were once the key export item of Vietnam. However, Vietnamese farmers recently have given up farming because the profits from cashew gardens cannot feed them.
In Binh Phuoc province, the biggest cashew metropolis of Vietnam, the cashew growing area has decreased sharply from 150,000 hectares to 130,000 hectares. The local farmers, who could not earn enough money with cashew farming, have shifted to grow rubber and other industrial trees.
Though cashew trees are suitable to the local soil conditions, cashew growers still have been facing high risks due to the bad weather and price fluctuations. As a result, they have become no more interested in planting cashew.
In Ba Ria – Vung Tau, the cashew productivity and quality both have decreased in recent years due to the bad weather, the market price fluctuations. A report of the provincial agriculture department, in 2011 and 2012 alone, the cashew area in the locality decreased by 500 hectares. In 2013, the province saw another decrease of 900 hectares to 12,700 hectares.
The local authorities, in an effort to rescue the cashew farming, have been strongly determined to revive the industry by launching the special programs to develop cashew growing areas. Vo Dinh Tuyen, a senior official of the Binh Phuoc provincial authorities said that the province has focused on building up the Binh Phuoc cashew brand and giving technical support to farmers to help them increase profits.
Dong Nai provincial authorities has reaffirmed that cashew should still be the key plant in the locality. Pham Minh Dao, director of the provincial agriculture department, said a specific program for developing cashew growing area has been implemented.
The program, implemented by Donafood, a big enterprise in the province, with the support of the local agriculture department, aims to develop the growing areas to ensure suitable supply of materials to cashew nut processing factories.
Meanwhile, Dao said that it is necessary to lay down the policy on sharing risks with growers, which helps minimize the negative impacts of the price fluctuations. Once farmers feel secure with their farming plans, they would continue growing cashew plans, even if they meet some problems.
Vietnam will hold cashew prices stable
According to Nguyen Van Chieu, Vice Chair of the Vietnam Cashew Association (Vinacas), India may buy a big amount of cashew nuts for the domestic sale in summer. The US, European countries and China would also seek cashew nut supplies from Vietnam, once their storehouses have decreased.
Therefore, if Vietnamese exporters continue lowering the export prices as they are doing now, they would have to lower the prices at which they buy materials from farmers. If so, farmers would suffer from this.
“With the current price of VND25,000 per kilo, growers can make a modest profit of VND3,000 per kilo. And if the prices go down further, farmers would chop down cashew trees,” Chieu warned.
Nguyen Duc Thanh, Chair of the Vietnam Cashew Association (Vinacas), said cashew enterprises should raise the cashew nut export prices by 15-20 percent. However, Vietnam would ensure the high quality of exports to protect the Vietnamese cashew brand. Vinacas’ member companies have been told not to mix Vietnamese cashew nuts with the African imports.
Phong Anh
Source: Vietnamnet

Thứ Năm, 23 tháng 5, 2013

Tanzania: Unscrupulous Cashew Nut Buyers Set to Lose Licences



Wed May 22 2013

THE government will not renew licences for private cashew nut buyers who have been underpaying farmers, the Deputy Minister for Agriculture, Food and Cooperatives, Mr Adam Malima has said. Mr Malima also warned some cooperative leaders whom he said have been conspiring with such buyers to deprive farmers.

He was responding to a question by Ms Faith Mitambo (Liwale-CCM), who wanted to know how the government will help cashew farmers who in the past three years have failed to sell their products during harvesting seasons. She also questioned the warehouse receipt system used in purchasing cashew nuts, wondering over whether it is still an ideal way of selling or there should be another mode.

She also wondered as to why the government continues to award licences to buyers who have been depriving farmers. "The warehouse receipt system used to purchase cashew nut was a success in the first two years of establishment, but of late there are campaigns by private buyers and some cooperatives leaders to fail the system," said Mr Malima. He added that the government intends to amend the warehouse Receipt Act with the intention to put better arrangements that will benefit farmers. Mr Malima also noted that a review was also being made on the price structure in ensuring that deductions from farmers' income are reduced to maximise benefit among famers.

He said on the current setting, all buyers are required to acquire licences from cashew nut board before they are allowed to participate in auctions. "We will from now on through the cashew nut board monitor closely and get to know serious buyers and speculators," he said. He added that the government through its embassies continues to search for cashew markets around the global, with the intent of getting more buyers who will help in bulk purchasing of the product.

Mr Malima further noted that efforts are being made to advertise the Tanzanian cashew nut in various global mass media to attract buyers. "The major focus is on attracting investors to invest in cashew nut processing factories in a bid to enable the country export processed nuts as a way of increasing foreign exchange," he said.

Source: http://allafrica.com/stories/201305220158.html

Cashew products head to U.S. stores



Thu May 16 2013

Processed cashew nut products will be sold directly to supermarkets in the U.S. in the near future, marking the first time local cashew brands are on the shelves of American retailers.

Dang Hoang Giang, general secretary of the Vietnam Cashew Association (Vinacas), said U.S. giant retailer Kroger would buy 100 containers of cashew nuts, salt roasted cashew or bee honey soaked cashew from Vietnamese suppliers for distribution at its supermarkets and retail stores stateside annually.

As Vietnamese firms have mainly exported unprocessed cashews to the U.S., the export of local processed cashew products with more added value stateside is expected to make the country’s brands popular among American consumers, Giang said.

Vietnam exports at least 50,000 tons (***) of cashew products to the U.S., China and Europe annually but most products are raw materials only, while processed cashew products of local companies have been struggling to enter supermarkets in foreign markets.

Source: http://english.thesaigontimes.vn

(***) Revised by PNT

Thứ Bảy, 18 tháng 5, 2013

ACA Seal and USAID



The ACA Seal program is made possible with the support of USAID. In April 2013, USAID awarded the African Cashew Alliance (ACA) with a $1.2 million Global Development Alliance (GDA) grant.  The funds will support a two-year program entitled “Leveraging Cashew Business for Poverty Reduction.” Within the two-year time span of the project, ACA’s work is expected to result in additional income of $10M for rural communities and create 3,200 new jobs in the cashew industry.
USAID’s GDA model is a market-based approach for partnerships between the public and private sectors to jointly address business and development objectives.  Activities under the grant will leverage the expertise and financial support of several partner organizations, including Kraft Foods, Intersnack, Olam, and Red River Foods. These companies, all members of ACA’s Advisory Board, are some of the industry’s biggest players dedicated to the development of the African cashew industry.  
Improving rural livelihoods by increasing the competitiveness of cashew processing in West Africa is the primary goal of the program. ACA’s approach to achieving these results centers on technical assistance for emerging cashew processors as well as development of the ACA Quality and Sustainability Seal program. More than 450,000 farmers and their dependents will be linked to the international market via cashew processing.
Receiving this award is a huge achievement for ACA, and will enable expansion of the Seal program, growth in volumes of raw cashew processed in the region, and improved market access for African stakeholders. The targeted growth of the cashew processing industry in West Africa will facilitate at least $150 million in sales, improving income for rural communities and creating jobs while building a sustainable cashew sector.
Source: ACA

Brazil’s largest cashew nut firm to set up $25m processing plant in Ghana


May 16, 2013


A Brazilian processing company, Usibra Ghana Limited, is to establish a $25 million cashew processing plant in Ghana.
The plant, which is expected to process 300 metric tonnes of cashew daily, will provide about 2,000 direct jobs in the country.
The Director of Usibra Ghana Limited, Mr. Tarisco Falcao, made this known when he paid a courtesy call on the Minister of trade and Industry, Mr. Haruna Iddrisu, in Accra.
Based on feasibility studies on the project and the business environment in the country, Mr. Falcao advised the President of Usibra, Brazil to invest in Ghana as a Free Zone company to benefit from the attractive incentives, since the business would be export-based.
Usibra is the largest cashew nut processing company in Brazil, with two units capable of processing 70,000 metric tonnes of cashew nuts per season.
The company has subsidiary, Nutsco, in Camden, New Jersey, USA, which processes and distributes cashew and other nuts in the US market. Usibra has an investment potential of $45 million.
Briefing the minister, Mr. Falcao said 80 per cent of the cashew processed in Ghana would be exported to the US and European markets.
He said cashew farmers in the country would be motivated to produce more, as the company was ready to offer better prices for the produce.
Mr Iddrisu said the establishment of the plant would further strengthen the bilateral relations existing between Ghana and Brazil.
He said the government’s decision was to improve the production and processing of cashew, for which reason Usibra’s decision to add value to Ghana’s cashew nuts was a step in the right direction.
He said there was a ready market for cashew in the country and urged the company to work closely with the ministry to achieve results.
The Chief Executive of Ghana Free Zones Board, Mr. Kwadwo Twum-Boafo said the programme “is an indication of what Ghana has been working for to make Ghana the favoured destination”.
Welcoming the company to Ghana, Mr. Twum-Boafo said, “It is gratifying to have a foreigner say “Ghana is where I think my investment is safe”.
Source: Daily Graphic

Thứ Năm, 16 tháng 5, 2013

ACA debuts at ABePEC’s first Trade Fair for Cashew, Shea, Borderless, and Pineapple Alliances in Parakou, Benin

10 May, 2013



ACA Representative Boris Houenou promotes ACA to Benin's former Minister of CommerceThe African Cashew Alliance (ACA) took part in the first edition of a Trade Fair for Cashew, Shea, pineapple, and Borderless Alliances organized in Benin from 29 April to 5 May 2013. Throughout the show, the ACA exhibited at a booth promoting its various activities as well as the World Cashew Festival and Expo 2013 scheduled for September 16 to 19, 2013 in Lagos. This conference, which follows the resounding success of the 7th edition held in Cotonou on the theme, “The Future is Now,” will this time around address the evocative and inclusive theme: “Value Chain & Gains.” ACA’s promotion of this conference was of great interest for the many visitors to the event in Benin, including private sector participants, government representatives, research entities and promoters of processing units.
The Trade Fair for Alliances is an initiative of the Beninese Agency for the Promotion of Commercial Exchanges (ABePEC). The dynamic event is a part of the Beninese Government’s  work to foster the agribusiness approach of giving a leading role to the private sector and the market. This meeting was punctuated by several, informative presentations on financing, export and research opportunities. It had also brought together some stakeholders from various sectors other than those directly involved such as the University of Parakou, the Office for Restructuring and Level Implementation (BRMN), an agency of the WAEMU in support of the private sector, the National Fund for Enterprise and the promotion of youth employment in Benin (FNEPEJ), the National Shippers Council Benin (NCUD) etc.  

This important promotional event was inaugurated by Mrs. Marie-Elise Gbedo, Minister of Industry, Trade and Small and Medium Enterprises, and comes just days after the working meeting between the Minister of Trade and the major players behind the Trade Fair. 
Even more significant, it comes just on the heels of another working meeting held between the President of Benin and representatives of the entire cashew sector on 17 April 2013, indicating the President’s direct involvement and the government’s concern for the cashew industry.
These events in Benin demonstrate that ACA’s efforts to advocate for and promote African cashew to governments of producing countries have been fruitful.
 Source: ACA

Thứ Tư, 15 tháng 5, 2013

Despite Shortage, Bearish Trend Continues in Cashew Kernel


May 15th, 2013


Cashew kernel immediately needs some psychological support. Though the market is facing supply shortage in almost all the ‘W’ grades, sellers’ are not showing the required bargaining ability to lift the market!
Small and medium scale processors  are facing financial problems mostly because of the Indian crop-size.
According to some trade sources, even the quality of the Ivorian last crop is better than earlier expectations.
Source: World Cashew

Thứ Ba, 14 tháng 5, 2013

Vietnam cashew industry faces crunch



Sat May 11 2013

Cashew processors and exporters are facing problems like short supply, high raw material prices, and falling export prices, Thoi bao kinh doanh newspaper reported. This year’s cashew harvest was completed last month, with the Ministry of Agriculture and Rural Development saying output was down 20-50 per cent from a year ago due to unseasonable rains at the end of last year.

Besides, cashew farmers have been switching to other crops because of declining yields, volatile prices, and low or no profits. As a result, after Tet domestic raw cashew nut prices were up by 10-15 per cent year-on-year.

But export prices dropped 14.6 per cent to US$6,036 per ton. The Viet Nam Cashew Association (Vinacas) said they paid VND27 million (US$1,280) for a ton of local raw cashew. Consequently, processors suffer a loss of $330 per ton.

But importing cashew yields them a profit of $150-180 per ton, and it is encouraging its members to import, it said. “If any cashew processing enterprise or exporter has not purchased and stocked raw materials by May, it will just close down,” it said.

Though Viet Nam is the world’s largest cashew exporter, 50 per cent of the country’s raw cashew needs are imported from Africa, Cambodia, and Indonesia. But it could reduce this year since, according to Nguyen Duc Thanh, chairman of Vinacas, African countries are planning to invest in processing and stop export of raw cashew nuts.

Dang Hoang Giang, general secretary of Vinacas, said the shortage of funds to buy raw materials has been resolved with support from ACB and VietinBank. ACB has earmarked $100 million for cashew businesses and exporters in the first half-year at an interest rate of 5.6 per cent.

Giang said the cashew industry needs around VND7.5 trillion ($360.5 million) and $300 million in this year to buy raw materials and for processing costs respectively.

The Ministry of Agriculture and Rural Development said cashew exports in the first four months topped 61,000 tons, an increase of 9.7 per cent year-on-year. But revenues were down 1.8 per cent to $374 million. Viet Nam’s major export markets were the US (25.1 per cent), China (19.9 per cent), and the Netherlands (11 per cent).

Source: VNS

Cashew yields success in Red zone


Tue May 07 2013


The economic transformation in Chakulia and Bahragora blocks over six years has been fascinating. Many like Nityanand Gope, Ganesh Gope and Chunnu Mahto, who held BPL cards, now own four-wheelers. These villagers who struggled to make two ends meet earlier have now become prosperous cashew cultivators. This became possible after the Jharkhand government launched National Horticulture Mission (NHM) in the Maoist-affected blocks, Chakulia and Bahragora, in 2006 which transformed 15,000 acres of wasteland into cashew cultivation through scientific methods of farming.

Gope, who held a BPL card, is now the owner of 600 cashew plants in Kolbadia village. He has bought a second-hand SUV to make hios running around easier. "I bought the SUV this year since I need to go to the market very often now," said 45-year-old Gope, beaming with confidence. "I ask all the unemployed youth to grow cashew. In this area, no work can pay as handsomely as cashew production can," he added.

Most of the cashew growers have two-wheelers now and need not toil the whole day. The situation was unimaginable even a decade ago. However, the transformation has not been easy. Bahragora and Chakulia blocks have mostly rocky land and the soil is lateritic. "This soil is not fit for any crop. It is however, suitable for cashew," said Niraj Kumar, an agriculturist.

Cashew plantation was done through scientific methods, vermicompost and other fertilizers were used for better productivity. The place is just 30km away from Digha, the seaside resort town in West Bengal, and its aerial proximity to the sea also helped, said Kumar. The initial response was not encouraging as many families were opposed to the idea. In 2006-07, only 502 farmers converted their wasteland into cultivable. Now in 2011-12, over 3,144 farmers are growing cashew in the district.

Farmers, for the first time in 2009-10, saw reaped the result of the exemplary move. The produce that financial year was 140 tons of cashew that increased to 200 tons in 2011-12. The huge production has attracted traders from neighbouring states, like West Bengal and Odisha. "The prices have shot up due to competition. Now I pay ` 100 for each kg of raw cashew," said Abhijit Ganguly, a trader from Jhargram in West Bengal.

Now villagers plan for their children's future. Chunnu Mahto of Katasmara village in Bahragora, earns ` 60,000-70,000 a year. "I earn enough not only to sustain my family but also I can afford higher education for my children," smiled Mahto. Ganesh Gope of Kolbadia village has bought a new bike for ` 50,000. "It was my dream to take my wife to city on a bike. It is now fulfilled," said Gope, who owns a patch of cashew plantation in Chakulia block.

Nandlal Mardi of Kadamdiha village in Bahragora is planning to start a grocery shop. "There is no grocery shop in the village. Everyone has to walk 5km to buy groceries," said Mardi.

Meanwhile, Tata Steel Rural Development Society (TSRDS) is already trying to tap its commercial viability. Debdoot Mohanty, head (rural services) of TSRDS, said, "We are trying to market the produce better. If marketed well, the cashew plantation would make villagers more affluent." This year TSRDS, implementing agency of NHM projects in the district, would constitute a committee of villagers to market cashew.

The state government has replicated the cashew plantation model in other districts as well. Now a total of eight districts - Seraikela, East and West Singhbhum, Pakur, Godda, Dumka, Deoghar and Jamtara - grow cashew. Prabhakar Singh, state mission director of NHM, said the state is ranked among top 10 cashew producing states in the countries. "In 2006-07, only 450 hectares of land was used to grow cashew in the state. Today, a total of 13,155 hectare is used to grow cashew," said Singh.

Source: http://timesofindia.indiatimes.com

Thứ Ba, 7 tháng 5, 2013

Indian Cashew Kernel Dull on Declining Inventory Prices

May 4th, 2013


In India, there is no accumulated kernel stock with processors, wholesalers or retailers. Production has also come down because of the wedding and holidays season.
Recent duty hike on imports may become a long term protective measure to the domestic cashew industry.
Even then, the attitude of the North Indian buyers is still – ‘wait and watch’ !
Premium W320 has dropped to  Rs 5850/including CST/11.340 kg/ in Goa and Rs 5750/including CST/11.340 kg in Mangalore.
Source: World Cashew

India: Cashew exports slip 21% in FY13

MAY 6, 2013

KOCHI: Slack buying from Europe and high raw nut prices have caused a 21% plunge in the cashew kernel exports from India. The sharp fall in quantity has not been reflected fully in the value, which dropped by 8%, as the unit price was higher during most part of the year.

Cashew exports totalled 1,03,645 tonne, valued at Rs 4,046 crore, for 2012-13 as per the initial estimates. Higher price of the raw nuts and lower price of kernel exports led to a squeeze in shipments towards the end of the year. 

"The economic problems in Europe hit cashew exports. Though the US was active, we were able to sell more there compared to a year ago in the absence of Vietnam," said Hari Krishnan R Nair, chairman of the Cashew Export Promotion Council of India (CEPCI). In terms of value, it is still the second-biggest year for cashew exports, he added. All-time-high in cashew exports happened in 2011-12 when it touched Rs 4,390 crore. 

Earlier, the exporters had the cushion of domestic market when the exports were bad. But last year, they were troubled by the rising import of cashew kernels. Since the imports were under-invoiced to lessen the impact of 35% import duty, these kernels were cheaper than the locally-produced ones. 

The government is planning to double the duty to discourage such imports, which are coming from Vietnam and Brazil. "We asked the government to consider fixing a duty per kg for imports to prevent under-invoicing," said P Somarajan, proprietor of Kailas Cashews. 

Towards the end of the year, the global prices of cashew kernels dipped, putting the exporters in a fix as they had purchased the nuts for processing at a higher price. India imports over half of its requirement of raw nuts of 14 lakh tonne. The price of raw kernels from Africa zoomed to $1,050-1,100 per tonne during the year before dropping to the present level of $800-900 per tonne.


sOURCE: tHE eCONOMIC tIMES

Cashew declines on subdued demand


NEW DELHI, MAY 4: 
Cashew prices on Saturday fell by Rs 5 per kg in wholesale market here due to subdued demand from retailers and stockists.
Cashew declines on subdued demand
Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices.
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settled at Rs 720-740, Rs 660-685, Rs 580-600 and Rs 500-550 per kg, respectively.
The following are today’s quotations (per 40 kg): Almond (California) Rs 13,700 Almond (Gurbandi-new) Rs 7,100-7,500; Almond (Girdhi) Rs 3,400-3,600; Abjosh Afghani Rs 8,000-20,000.
Almond Kernel (California-new) Rs 485-495 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.
Source: Hindu Business Line

Ghana Government commits to doubling Raw Cashew Nut Production by 2016

11 April, 2013


The cashew industry in Ghana has attracted the attention of the government, thanks to efforts by the Ghana Cashew Industry Association. In a meeting with Ghana’s new Minister of Trade and Industry, Mr. Haruna Iddrisu, a delegation representing the Ghana Cashew Industry Association explained the benefits of cashew to the Ghanaian economy.
The Association’s goal of garnering the minister’s support was successful – Mr. Iddrisu committed to providing technical and financial support that aims to double current production levels by 2016. The Ghanaian government estimates current production at 40,000 MT, and hopes to increase production to around 80,000 MT.
Government estimates of production in Ghana are 40,000 MT
“The support will go to small holder farmers … to enable them to increase their production levels to meet the target set and this support will come for them to start immediately this year”, said Mr. Iddrisu as quoted in an article published April 6, 2013 in “The Daily Graphic” newspaper of Ghana.
ACA Member Mr. Winfred Osei Owusu and President of the Ghana Cashew Industry Association, helped organize the meeting and indicated his enthusiasm for continued efforts to leverage government partnerships to aid the cashew industry in Ghana.
“Among other short-term strategies prior to the inauguration of the national body, it is part of our advocacy program to marshal government support for the industry,” he said. Mr. Osei Owusu cited the Minister of Agriculture as the next focus for the association’s advocacy work.
Source: ACA

Successful Conclusion to NCAN Access to Finance Conference in Nigeria

(30 April, 2013)

The National Cashew Association of Nigeria (NCAN) organized a hugely successful Access to Finance Conference on Tuesday 23rd April 2013 in Lagos, Nigeria. Present at the well attended event were major stakeholders along the value chain in the Nigerian cashew sector,  as well as  major financial institutions including NEXIM Bank, Ecobank and Fidelity Bank.

Chief among the issues discussed was access to finance. In a speech read on his behalf by the General Manager Rev. Ifeanyi C. Nwade, the Managing Director of NEXIM Bank, Roberts Orya , expressed satisfaction in the huge strides that NCAN has made in harnessing the potential of the Nigerian cashew sector, despite the many challenges facing the industry.
He made particular mention of the Nigerian Cashew Cluster Finance Scheme, a project undertaken by NCAN in collaboration with the African Cashew Alliance (ACA) and  USAID’s West Africa Trade Hub that was financed by the bank in 2012. NEXIM disbursed about N150 million (US$950,000) under the pilot scheme and has cumulatively disbursed about N1billion (US$6,327,000) to date to the sub-sector.
Orya noted that the Nigerian cashew industry has continued to operate below its potential, explaining that the industry is challenged with a myriad of problems ranging from old orlow yielding plantations to inadequate processing facilities and low levels of access to finance.
“The inability of Nigerian local producers to process their products has meant that about 95 per cent of the annual production is exported as raw commodities with attendant low prices and the inability of producers and exporters to receive commensurate reward for their efforts”, he said.
Representatives of Ecobank encouraged stakeholders to make their businesses attractive and bankable before approaching a bank for assistance. They advised them to present quality applications, supported by good business plans and off-take arrangements to facilitate increased funding intervention to the sector. Both Nexim and Ecobank reiterated their commitment to intervene in the cashew sector to enable better access to finance so that stakeholders  will be able to grow the sector.
The national president of NCAN, Tola Faseru also remarked, “The NCAN is regulating the industry for the benefit of cashew farmers, traders, exporters, processors and all service providers to create more jobs”. The cashew sector is believed to be worth about 24bn Naira (US$151,848,000) to Nigeria’s economy whiles creating some 600,000 jobs.
Source: ACA

Thứ Tư, 1 tháng 5, 2013

What would be the Import Duty for Kernels through SAARC Nations

April 30th, 2013


Indian Finance Minister has made his intentions clear on the duty hike issue on cashew Kernel imports. He has proposed in the Parliament to increase the tax up to 70%.
The present import tax on cashew kernel is only 30%
But what would be the import duty for kernels coming through SAARC nations. Is it duty free?
Source: World Cashew

Kochi ports top in cashew exports


Apr 30, 2013
KOCHI: Among various ports through which cashew nuts were exported, Cochin Port and the International Container Transshipment Terminal (ICTT) at Vallarpadam topped the list, exporting 45,243 tonnes during the ten-month period between April 2012 - January 2013.
Tuticorin came to the second slot with exports of 23,192 tonnes of cashew, showed the figures provided by the Cashew Export Promotion Council of India (CEPCI). Tuticorin also became No.1 in importing raw cashew nuts during the period. Major sources of raw cashew imports to India were African countries such as Benin, Ivory Coast, Ghana, Guinea Bissau, Tanzania, Nigeria and Senegal. Among them, Ivory Coast was the top exporter to India, shipping roughly 2.5 lakh tonnes of raw cashew to various Indian ports.
Source: India Times

Traders threaten to boycott commercialization of Guinea-Bissau's cashew nuts


BISSAU, April 29 (Xinhua) -- Guinea-Bissau's association of importers and exporters threaten to boycott the commercialization of cashew nuts in 2013, the West African country's main export product, if a tax adopted in 2011 is not suspended.
The association's chairman, Mamadou Yero Djamanca, who addressed the press in Bissau on Sunday, urged the transition government to suspend the collection of the tax that was instituted by the deposed government of Carlos Gomes Junior.
The ex-government imposed a tax of 50 FCFA (0.1 U. S. dollar) per kg of cashew nuts to be exported, saying the tax was meant to promote the industrialization of production.
Djamanca on his part insisted that the suspension of the taxation will enable exporters to have enough financial capacity to buy and export cashew nuts.
In 2012, Guinea-Bissau exported 120,000 tons of cashew nuts, a drop from the 174,000 tons exported in 2011.
At the same time, Djamanca recommended that the 30 million U.S. dollars that was generated through the Fund for Promotion of Agricultural Industrialization created in 2012 should be given to the intermediaries to save the current season of cashew farming. The fund is managed by the government and the Chamber of Commerce and Industry.
This year, the transition government has decided to maintain all fees being levied during the commercialization of cashew nuts, but without fixing a specific price per kg.
India is the biggest buyer of Guinea-Bissau's cashew nuts, importing over 80 percent of the product.
Editor: Hou Qiang
Source: Xinhua

Cashew prices rise on fresh buying


NEW DELHI, APRIL 27: 

Cashew prices rose by Rs 5 per kg in the national capital on Saturday largely on the back of fresh buying by retailers and stockists amid low stocks.

Tight supplies from growing regions also supported the upside in prices. Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 each to conclude at at Rs 735-755, Rs 675-700 Rs 595-615 and Rs 515-565 per kg, respectively.

Market participants said increased buying by retailers and stockists to meet marriage season demand against tight supplies from growing regions, mainly pushed up cashew prices.

The following are today’s quotations (per 40 kg): Almond (California) Rs 13,800 Almond (Gurbandi-new) Rs 7,200-7,600; Almond (Girdhi) Rs 3,500-3,700; Abjosh Afghani Rs 8,000-20,000.

Almond Kernel (California-new) Rs 490-500 per kg, Almond Kernel (Gurbandi-new) Rs 350-450 per kg.

Source: Business Line

Cashew industry urges Centre to curb kernel imports



The cashew industry has urged the Union Government to initiate steps to curb import of cashew kernels under misdeclaration and under-invoicing as it has become rampant, affecting the domestic industry.
An industry delegation led by R. Chandrasekharan, Chairman, Kerala State Cashew Development Corporation (KSCDC), has urged Prime Minister, Union Ministers of Finance and Commerce to take measures to stop import of kernel pieces and brokens as raw material for cattle feeds but ends up in various food manufacturing units.
Chandrasekharan told Business Line that “pieces and brokens are used in large quantities by sweets manufacturers and confectioners, especially in North India which is a major market for these grades produced by the industry here.”
He said that major competing countries such as Vietnam, Brazil, etc are selling in the domestic market . This ultimately will affect the employment of lakhs of women currently employed by the cashew industry in rural areas.
In the competing countries, processing is done mechanically and hence they used to have good quantity of bits, pieces and brokens. Their disposal is a major problem for them.
He said that the Corporation has been marketing pieces and brokens after adding value to them in the upcountry markets, especially Delhi.
The Cashew Export Promotion Council of India (CEPCI) has also pointed out that under invoiced imports of cashew kernel (especially the brokens and pieces) into the country were taking place and consequently, large quantities were finding their way in the domestic markets.
According to Sasi Varma, Executive Director and Secretary, CEPCI, “this leads to considerable revenue loss by way of import duty for the Government besides affecting the domestic cashew processors”
Meanwhile, in the international market, cashew turned softer last week after remaining steady for several weeks. Prices for Whole grades were at the lower end of the recent range while broken grades moved up slightly.
In the domestic market some pick up was seen with some in increases in prices for good quality products.
During the last two weeks, range of offers and trades has been for W240 $3.85-4, W320 $3.35-3.50, W450 and SW320 from $3.05-3.15, SW360 $2.90-3, butts $2.30-2.40, splits $2.25-2.35, pieces $1.55-1.65/lb(fob).
Since the beginning of the year, “the market has not crossed either end of the $3.30-3.50 range which we have been seeing for several months now. Even when the market has been very quiet, none of the shellers, not even the small ones, have reduced the price below $3.30 an lb and even when there has been reasonable activity, buyers have been reluctant to pay much more than $3.50, even to the top large shellers,” market sources said.
There are mixed reports about the demand trends. Some people say that stability of price for almost a year in a relatively lower price range will induce interest in the product from roasters / packers / retailers, Pankaj Sampat, a Mumbai -based dealer told Business Line.
“Others are not so sure because they feel prices will have to be stable for one season more to regain confidence in the US and EU. Another reason for concern about demand trends is the fragile financial situation in most regions. Asian demand in 2013 will certainly be better than 2012 when almonds were cheaper than cashews,” he said.
Raw Cashew Nut (RCN) prices have come down in the last one month and some portion of the decline is due to slow buying by shellers but most of the decline is due to lower yields in the cutting tests at origin. Due to early rains in many areas, drying has been a problem. Shellers expect much reduced yields of white wholes from the current crop. Coupled with wider differentials for the lower grades, this means shellers buying ideas are lower than usual. Recent offers and trades have been Benin at around $1,025 ; Ghana at around $975 and Ivory Coast (IVC) at around $900 a tonne (c&f).
Source: Business Line