Cashew Kernel Price Today

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Thứ Ba, 29 tháng 10, 2013

Only Raw Cashew Improves on Diwali Consumption

Mon, Oct 28 2013

At present, Indian processors have adequate financial resources to buy their requirements as there is no stock pile in the costly white wholes or white pieces category.

There is still last minute rush in the dry fruits market but sellers’ intention is to clear almost all stocks before Diwali, without bothering about the prices.


India: Dry fruit prices decline 6-11% as Diwali demand tapers off

October 28, 2013

Dry fruit prices have seen a decline in the range of 6-11% as demand for Diwali festival has tapered off.Consumers’ shift towards chocolates and other low-priced sweets as the dry fruit prices were very high about a month ago has led to drop in demand for dry fruits.

“The demand for dry fruits has declined almost 30% in the last one week as most of the purchases for Diwali festival is over. The demand from corporate buyers, who were using dry fruit hampers as gift for the festival has come down alarmingly this year due to very high prices a month ago. The softening of prices in the international markets has also impacted the domestic prices this year,” said Rahul Kamath, Partner, Bola Surendra Kamath & Sons, a Mangalore-based trader of dry fruits.

The prices of Almonds have declined 6-8% to Rs 595-610 per kg as against the peak price of Rs 645 per kg about 15 days ago. Similarly, Cashew kernel prices for W240 grade have seen a drop of 7-11% to Rs 625-650 per kg compared to the peak price of Rs 700 per kg a fortnight ago in major markets of Delhi, Mumbai and Mangalore.“Indian domestic market moved up during Sept but has been steady for the last 2-3 weeks. There is good demand for quality product – wholes as well as brokens. We can expect  slow down during end of October or early November. But there should be revival of buying by traders after mid-Nov for the marriage season, depending on retail offtake in the festival season, which will end by early Nov,” said Pankaj Sampat of Samsons Traders, a Mumbai-based commodity brokerage house.

The prices of W320 grade cashew kernels have declined from $3.35 per lb about a fortnight ago to $3.10 per lb. Similarly, almond prices have dropped from $2.70 per lb to $2.40-2.45 per lb last week.“Orders for gift boxes close a month prior to Diwali. This year, due to very high prices, the corporate houses have shifted their preference for dry fruits to other items like chocolates, biscuits, low-priced sweets and other items like glassware. The prices of dry fruit gift boxes were almost double this year compared to last year. As a result, the demand for assorted dry fruit boxes has come down as much as 30% this year,” Kamath said.

The traders in mandis of Delhi, Chandigarh, Mumbai and Bangalore are holding enough stocks of dry fruits but are unable to sell at profitable prices due to sudden drop in demand. Unless some last minute purchases happen, mainly from sweet makers, the stockists may have to incur losses this year, he added.According to traders, a couple of months ago, prices of most of dry fruits had surged due to multiple reasons including rupee depreciation, increased demand and short supply in the domestic market among others


India: State to cash in on cashew by products

Oct 27, 2013

RANCHI: With the prospects of cashew cultivation growing in the state, the horticulture department is now planning to cash in on its byproducts this time. Within few years, the state will not just grow cashew nuts but also cashew apple juice, jam, jelly and vinegar.Director of horticulture department, Jharkhand, Prabhakar Singh said, "Earlier cashew cultivation was restricted to three districts in the state, however, in the last few years, we have extended its production to 10 districts. Cashew is cultivated across 16,000 hectares in the state at present."

At present, five processing units have been installed across the state. However, as the cashew cultivation gains pace, the department is planning to expand the business here.Singh said, "At present only the nut is cultivated in the state while the cashew apple gets wasted. We plan to utilize this cashew apple to produce juice, jam, jelly and vinegar. However it is a time taking process and might take around two to three years to surface."

According to Singh, cashing in on cashew by-products will also increase state revenue and increase job opportunities. "Residents of Jharkhand migrate to other states as they are unable to find a proper job for themselves here. Once the cashew industry flourishes we will try to rope in as many people as possible," he said.The department is also planning to solve the problem of waste land in Jharkhand by converting them in cultivation land. Singh said, "Jharkhand has around eight lakh hectares of barren land. We are planning to utilize at least one lakh hectare for cashew cultivation


Thứ Bảy, 26 tháng 10, 2013

Jharkhand: New plantation programme to start in Jharkhand

Fri, Oct 25 2013

In a long-term plan to bring 15 lakh hectares land under plantations in Jharkhand, Union Rural Development Minister Jairam Ramesh on Friday said one lakh hectare would be used to produce cashew nuts,  tasar, natural rubber and lac in the current fiscal.

During 2012-13, 3000 ha area were brought ubder cashew nut cultivation in Jharkhand under SHM scheme.

As per an estimate, four-lakh hectare land is considered as degraded forest and 11-lakh hectare as barren land. Under the new programme one lakh hectare land will be used for plantation in 2013 14, two lakh hectare in 2014-15 and four lakh in the next fiscal and so on, and it is a long (drawn) process," Ramesh said.

Source: The Indian Express

Cashew rises on fesitve buying

Friday, October 25, 2013

Cashew prices rose by Rs 10 per kg in the national capital today largely on the back of fresh buying by retailers and stockists to meet festive season demand. 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 10 each to conclude at at Rs 845-970, Rs 785-865 Rs 655-715 and Rs 600-665 per kg, respectively. Marketmen said increased buying by retailers and stockists against tight supplies from growing regions mainly pushed up cashew prices to rise on the wholesale dry fruit market.


Vietnam's Cashew Exports To Top US$1.8 Billion

October 25, 2013

HANOI, Oct 25 (Bernama) -- With an increasing demand for cashew in the global market, Vietnam expects a higher export volume this year, to reach US$1.8 billion, Vietnam News Agency (VNA) reported.According to the Vietnam Cashew Association (Vinacas), the country exported 212,000 tonnes of cashew worth US$1.3 billion in the first nine months of the year.

The average FOB export price in the period was US$6,200 a tonne. The price was rather low in the first two quarters of the year, but since August it has gone up to US$7,600 a tonne.The United States, China and the Netherlands were the three largest markets during the period, the association said.Nguyen Duc Thanh, Vinacas chairman, said that export prices might rise by year-end.Last year, export volumes were 220,000 tonnes. This year, they are expected to be 200,000-250,000 tonnes.Total export revenue of more than US$4 billion is predicted for the 2013-2015 period. The export ratio of processed cashew is expected to rise in the coming years.

To fulfil the target, the industry must import an average of 300,000-400,000 tonnes of raw cashew a year, according to the association.The challenge for the industry is the shortage of raw materials as domestic production meets only 50 per cent of processing capacity, it said.

In addition, Vietnam's cashew productivity is about 0.7-0.8 tonne per hectare, rather low compared to other countries.High-quality cashew seedlings that will raise yields should be created.The association has urged its members to invest more in technology to address the labour shortage, increase productivity and safety of cashew products, and reduce production costs.


Thứ Tư, 23 tháng 10, 2013

Indonesia: KKR goes nuts with sustainable cashew factory in Bali

Wed, Oct 23 2013

KKR has partered with social sector development firm Impact Investment Exchange Asia (IIX) to support the launch of East Bali Cashews (EBC), based in the rural village of Ban in Bali’s Karangasem District.

EBC, founded in 2012, is the first large-scale cashew processing facility in Bali and uses sustainable, eco-friendly business practices to process unshelled cashews, package and sell them under the brand name Alamente. EBC creates employment for women from farmer households who are mostly illiterate and have never had formal, salaried employment.

KKR and IIX worked with EBC as it was preparing to expand its capacity by providing technical assistance in developing EBC’s financial model and business plan, assessing the appropriate capital structure and liquidity requirements for the business and developing an investment structure for new funds.

IIX coordinated the overall project and its non-for-profit sister organisation, Shujog, developed a social impact assessment. The KKR team included two private equity professionals from the Singapore office, and another from Sydney.

As a result of this effort, East Bali Cashews raised $900,000 in new financing. Now, it is building a second factory, purchasing 16 additional machines, tripling the size of its warehouse and hiring 100 new employees.

IIX managing director Robert Kraybill, said, “Many social enterprises in Asia have achieved proof of concept, but need assistance to scale. IIX and Shujog look to provide these resources. KKR joining this effort was invaluable in that it brought world-class investment expertise to our team, enhancing our ability to provide the support EBC needed at the right time. That support has now been leveraged to raise nearly $1m, which will positively impact the lives of hundreds.”


Thứ Ba, 22 tháng 10, 2013

Cashew nuts in Mozambique to be allocated benchmark price

October 21st, 2013

From 2014 onwards cashew nuts will be allocated a benchmark sale price in Mozambique, the director of the National Cashew Institute (Incaju), Filomena Maiópuè said recently in Nampula.Setting a price is intended to encourage producers and is expected to have an impact on production levels and the quality of the product across the country.Maiopué said that Incaju was drawing up a proposal to review current cashew sales regulations, which have been in place for around 10 years. This process also involves other partners, such as the Association of Cashew Industrialists (Aicaju).

The director of Incaju said it would be possible to achieve consensus on the review by the beginning of 2014, after which it would be sent to the technical council of the Agriculture Ministry for assesment and then be sent on to the Council of Ministers for approval.“Cashew nut producers will be better off through the allocation of a fair price to their product and this move by Incaju is an effort to reduce poverty in rural areas,” said Maiopué.


Raw Cashew Quiet as Buyers Prefer Cautious Approach

Sat, Oct 19 2013

In India, pre-auction price for the Tanzanian raw cashew is still around $1300/Ton/180-190 counts/24% filling. But buyers interest is shifting towards West African unsold last crop nuts on account of the usual ‘After Diwali Risk Factor’.

Despite low stocks, kernel market is also experiencing reduced competition in lower and average grades category.


Cashew rises on fresh buying

Sat, Oct 19 2013

Cashew prices rose by ` 5 per kg in the national capital today largely on the back of fresh buying by retailers and stockists. Tight supplies from growing regions also supported the upside in prices.

Cashew kernel No 180, No 210, No 240 and No 320 rose by ` 5 each to conclude at at ` 725-745, ` 665-690 `585-605 and ` 505-555 per kg, respectively. Marketmen said increased buying by retailers and stockists against tight supplies from growing regions mainly pushed up cashew prices to rise.

The following are today’s quotations (per 40 kg): Almond (California) ` 17,500 Almond (Gurbandi-new) ` 8,500-8,900; Almond (Girdhi) ` 5,100-5,600; Abjosh Afghani ` 12,000-24,000.

Almond Kernel (California-new) ` 610—635 per kg, Almond Kernel (Gurbandi-new) ` 500-550 per kg.

Source: Hindu business line.

Thứ Sáu, 18 tháng 10, 2013

Crude cashew imports up sharply

09 Oct 2013

Vietnam spent over US$470 to import a total of 503,000 tons of unprocessed cashew from January through September, jumping up to 81% in volume, according to Vietnam Cashew Association (Vinacas).

Vinacas estimates this year’s crude cashew import volume at around 600,000 tons, a rise of 50% against the planned figure from earlier this year. As such, the import volume of the local cashew industry is projected to make up roughly 70% of local processing demand compared to previous years.

“Importing such a large crude cashew volume indicates huge demand from the local market,” Dang Hoang Giang, general secretary of Vinacas, remarked.

Most cashew batches are imported from East and West Africa and smaller volumes from Cambodia and Indonesia. Vietnam’s stronger cashew imports are partly because many cashew farming areas in Dong Nai and Binh Phuoc as the country’s key cashew farming regions have been replaced by other crops with higher economic value like pepper and rubber.

January-September cashew nut exports totaled 192,000 tons worth US$1.22 billion while the figure from the same period last year was 160,000 tons worth about US$1 billion.

This year’s cashew export prices are lower than those in 2012 but the demand from foreign markets now is bigger, with the eight-month export price averaging out at over US$6,355 a ton, dropping nearly US$454 a ton from the average level in the same period in 2012, Giang stated. He predicted the local cashew industry to generate export value of roughly US$1.8 billion this year, 20% higher than the target and the highest up until now.

Vietnam exported 223,000 tons of cashew nut with a total value of US$1.48 million last year. Vinacas earlier this year set a target of exporting about US$1.5 billion worth of cashew nut annually from 2013 to 2015.

The three biggest importers of Vietnamese cashew are still the U.S. with an import volume accounting for 34.5% of the country’s total cashew exports, China with 16.6% and the Netherlands with 10.4%, the Ministry of Agriculture and Rural Development reports. In particular, cashew nut exports to India this year posted a staggering rise of 102% in volume and about 68% in value year-on-year, says the ministry.

Source: VietNamNet Online Newspaper

Undersupply hits small cashew processors

Thu, Oct 17 2013

HCMC – Despite crude cashew imports rising 81% in January-September, many processors in the industry in the southern province of Binh Phuoc, the country’s biggest cashew growing area, have put many of their workers on leave due to a cashew undersupply. A majority of small processing facilities in Binh Phuoc process products for bigger companies which have run out of stock, so they have no work to do at the moment, Dang Hoang Giang, general secretary of the Vietnam Cashew Association (Vinacas), said.

Giang also attributed the situation to the fact that numerous cashew processors and exporters in the last two years have relied on cashew peel cutting machines to alleviate their dependence on workers and cut input costs. That’s why this year’s Vietnamese cashew export prices are lower than last year while local exporters have earned higher revenue and profit. Cashew nuts now sell for US$3.25-3.35 a pound (one pound is equivalent to 0.454 kilo). The country imported a total of 503,000 tons of cashew in the first nine months, and this volume was used up for production while imports for this month and next have yet to arrive, causing material shortages.

Initial statistics by Vinacas indicate that there are around 1,000 operational cashew processors, with 40% of them large and the remainder small having less than ten workers each. Vinacas estimates this year’s crude cashew imports at some 600,000 tons, up 200,000 tons compared to the figure estimated early this year. But the association fears small cashew processors may continue to be out of work in the final months of the year.

Multiple buyers from the EU, North America and Australia are seeking shipments to be delivered next month while other importers from these markets want to get local products within next year’s first quarter, Vinacas said.  However, given the current low inventory at domestic enterprises and the risk of material import shortages, Vietnamese firms should take caution when signing export contracts, according to the association.

Source: The Saigon Times Daily

Cashew market turns active as trading for next year begins

Wed, Oct 16 2013

The cashew market has turned buoyant over the last 2-3 weeks with some business taking place for the first half of 2014 at a price 15-20 cents higher. During the second half of September and early October, some processors sold W-240 around $3.10/lb (f.o.b) for nearby shipments. There was reasonable buying interest at these levels but the volume traded was limited to a few processors as many have sold earlier at higher prices, said market sources.

Cashew prices last week were in the range for W-240 $3.60-3.80, W-320 $3.10-3.30, W-450 $2.95-3.10, SW-320 $3-3.10, splits $2.25-2.30 and pieces $1.45-1.55/lb (f.o.b). Domestic prices moved up during September but have been ruling steady for the last 2-3 weeks.

“There is good demand for quality product – wholes as well as brokens. We can expect a slow down in activity during the end of this month or early next month. However, there should be a revival after mid-November for the marriage season, depending on retail offtake in the festival season,” Pankaj N. Sampat, a Mumbai-based dealer told Business Line. In the last two months, the kernel market has dropped below the $3.25-3.40 support range seen in the last 9-12 months and the broader $3.20-3.50 range over the last 15-18 months.

Processors, who are able to make forward sales, have been selling 15-20 cents higher depending on the grade and shipment period. Due to the high prices and slow shipments from Indonesia and no movement from Tanzania, prices for West African raw cashew nut moved up 10-15 per cent, especially for the better quality, dried nuts. There are reports of trades for Bissau at around $1,100 a ton and for Ivory Coast and Ghana from $750-850 a ton depending on quality.

In the next six months, little raw cashew is available for processors in India and Vietnam. Unless the Tanzania raw cashew prices rule substantially lower than last year, processors will not be able to reduce kernel prices. Latest reports indicate that Tanzania auctions should start soon. What processors and raw cashew traders do in the initial auctions will give some idea of where the market is heading to.

Source: Hindu business line.

Thứ Ba, 15 tháng 10, 2013

Palasa cashew industry sees ` 25-cr loss

Tue, Oct 15 2013

The cashew industry at Palasa in Andhra Pradesh has suffered a production loss of ` 25 crore over the last two weeks due to the recent Phailin cyclone and massive power cuts owing to the Seemandhra agitation.

“The industry lost around nine working days due to the power cuts and the Phailin cyclone. Effectively, we have lost more than ` 25 crore worth of production over the last two weeks,” Malla Srinivasa Rao, president, Palasa Cashew Manufacturers Association, told Business Standard. 

Located in Srikakulam district of Andhra Pradesh, the Pasala and Kasibugga areas have about 200 cashew processing units, which process around ` 4 crore worth of cashew kernels per day.

Daily wage earners badly hit

During the period, around 10,000 daily workers at these units, most of them women (up to 95 per cent), have lost wages to the tune of ` 2 crore. The cyclone has damaged 10,000 acre of cashew-growing area, which is expected to result in lower production in the next one year.

“The industry is now importing cashew nuts priced at ` 90 per kg as against ` 60 per kg in April, as the domestic supplies have completely dried up. In April, cashew nuts were available at ` 75 per kg,” Srinivasa Rao said.


Dry-fruit traders pin hopes on Diwali to boost sagging demand

Tue, Oct 15 2013

The dry fruit trade is hopeful that the upcoming Diwali season will bring in good tidings, despite the ongoing demand slump. The rupee slide against the dollar in recent months had somewhat impacted trade, with dry fruit imports turning costlier. This had a spiral effect on prices of dry fruits sold in local markets.

India imports a significant chunk of dry fruits, such as almonds and cashews, to meet the rising domestic demand. The value of the dry fruit imports is estimated at about $1 billion. Besides lower demand, the local trade has had to cope up with the squeeze in profit margins due to currency movements.

“Demand has declined by about 40 per cent this year” said a dry fruit trader, who has been in business for past 50 years at Khari Baoli, one of the big wholesale markets in the country. Buying from both wholesale and retail customers has taken a hit and chances of a pick-up are low in the run-up to Diwali, he said.

The sluggish domestic demand for dryfruits has resulted in lower imports of products such as almonds. On a year-to-date basis (till September 30), export deliveries of almonds from California have declined by 22 per cent, according to the latest data from the Almond Board of California. About 80 per cent of global almond output comes from California. Another trader said corporate buying was lower this year, as many of them were shifting to purchase of crockery for gifting this festive season.

“Inflation has hit the demand, as prices of almost all products have gone up in recent months. Besides, the volatility in rupee movement against the dollar has contributed to rising prices,” the trader said. Another dealer, who mainly caters to retail customers, said the offtake was lower by about 50 per cent this year, hoping that buying sentiments may look up post-Dussehra. “If things were normal, I wouldn’t have had the time to speak to you,” the trader said when Business Line quizzed him on the buying trends this festive season.

Prices of almonds and cashews have increased by about ` 100-150 a kg over the last 3-4 months, aided by the decline in the rupee value. The rupee, which saw a significant decline against dollar over the last couple of months, has subsequently rebounded. But, importers, who had contracted shipments when the rupee had touched a record low, are trying to adjust, said Sumit Saran, Director at the SCS Group, an agribusiness-consulting firm.

“The demand has picked up with the stabilising rupee,” he added.

Source: Hindu business line.

After Effects of Cyclone Phailin

Mon, Oct 14 2013

Cyclone Phailin will have long lasting effects on raw cashew production in the Eastern region of India. According to press reports, a lot of cashew trees are destroyed by heavy wind and flood around Palasa and Andhra Orissa border.

The immediate effect might cause shortage in cashew piece supplies after Diwali as Palasa is known for low cost pieces.


20,000 acres of cashew crops damaged in Srikakulam

Hyderabad, Oct 14, 2013

Srikakulam district in north coastal Andhra Pradesh, one of the major production centres of the cashew crop.Initial estimates in seven mandals (blocks), including Vajrapukottur, Palasa and Mandasa in Srikakulam, showed that cashew plantations in 20,000 acres had been washed away. The damage was up to 70 per cent in Sompeta, Kanchili, Kaviti and Ichapuram.“Based on primary estimates, we believe the cashew farmer will not recover (from this loss) at least for two more years. the damage is extensive but the extent of it is not yet determined,” a district horticultural officer added.In Uddanam mandal alone, 5.5 lakh.


OCT  14,  2013

FOB prices in Week 41  :
W240          US$ 3.65 to 3.80
W320          US$ 3.10 to 3.30
W450          US$ 2.95 to 3.05
SW320        US$ 3.00 to 3.05
SW360        US$ 2.80 to 2.90
SSW            US$ 2.40 to 2.50
Butts           US$ 2.35 to 2.45
Splits          US$ 2.20 to 2.30
Large Pieces US$ 1.45 to 1.55

During second half Sep and early Oct, some processors sold W240 in 3.60-3.65 range and W320 around 3.10 FOB for nearby shipments. There was reasonable buying interest at these levels but the volume traded / available was limited to a few processors as many have sold earlier at higher levels. In the last 2-3 weeks, some business was done for FH 2014 shipments at 15-20 cents higher.

In week 41, range of cashew prices was W240 from 3.60 to 3.80, W320 from 3.10 to 3.30,  W450 from 2.95 to 3.10, SW320 from 3.00 to 3.10, Splits from 2.25 to 2.30 and Pieces from 1.45 to 1.55 FOB.

Indian domestic market moved up during Sept but has been steady for the last 2-3 weeks.  There is good demand for quality product – wholes as well as brokens.  We can expect a slowing down of activity during end of Oct / early Nov but there should be revival of buying by traders after mid Nov for the marriage season, depending on retail offtake in the festival season which will end by early Nov.

Due to the high prices and slow shipments from Indonesia & no movement from Tanzania, prices for West African RCN moved up 10 to 15% (especially for the better quality, dried nuts).  There are reports of trades for Bissau around US$ 1100 and for IVC/Ghana from US$ 750 to 850 depending on quality.  Demand is limited to small lots by small processors who operate on hand to mouth basis.  Large processors – especially in India – seem to have adequate RCN stocks.  Unless Tanzania opens at reasonable levels, movement will be slow at the beginning of the season.

In the last two months, the kernel market broke the lower end of the 3.25-3.40 range of  the last 9-12 months (and the broader 3.20-3.50 range of the last 15-18 months).  But the volume traded at the lower levels has been small and has been limited to a few processors who sell for spot / nearbys.  Processors who are able to make forward sales have been selling 15-20 cents higher depending on the grade and shipment period.

In the next six months, very little fresh RCN is available for the processors in India & Vietnam.  Unless the Tanzania RCN prices are substantially lower than last year, processors will not be able to reduce kernel prices.  Latest reports indicate that Tanzania auctions should start soon. What processors and RCN traders do in the initial auctions will give some idea of market direction.

In the last 15-18 months, steady trading and regular shipments – RCN and kernels - have kept the market moving within a narrow range.  There have been no major disruptions in supply (but there have been some quality issues).  Overall, everybody seems to be comfortable with the range that has been established.

Even if kernel  demand continues to be sporadic, there is no reason to expect a decline from current levels if the RCN prices do not come down.  At the same time, there does not seem to be anything on horizon which would warrant prices breaking the higher end of the range unless there is a big spurt in buying  in the next two months for shipments during FH of 2014.

To sum up, unless something dramatic happens – and it could be external rather than fundamental demand / supply factors – we can expect “more of the same”  in the coming weeks and months until the 2014 crops start.

Pankaj N. Sampat | SAMSONS TRADERS

Thứ Sáu, 11 tháng 10, 2013

Nuts in Brazil - New Market Research Report

Wed, Oct 09 2013

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Thứ Ba, 8 tháng 10, 2013

Kernel Steady But Buyers Need Regular Supply Till October-end

Oct. 08-2013

Premium W320 is ruling steady around Rs6400/11.34kg in Goa and Mangalore. North Indian buyers are demanding regular supply till Diwali but they expect the market to stabilize at current levels.

Diwali consumption, wedding season, prices of other dry fruits, approaching raw cashew shortage, export demand, Forex market,elections in 5 states and the spending for the Indian general elections are the market influencing factors in this financial year.
Source: World Cashew

Thứ Hai, 7 tháng 10, 2013

Cashew exporters expect busy coming months

Oct. 03, 2013
The recent rise in cashew prices has signalled a race to export cashews in the remaining months of the year. 

According to Chairman of the Cashew Association of the southern province of Dong Nai (Donacas) Nguyen Thai Hoc, prices of exported cashew nuts averaged less than 6,300 USD per tonne in the first two quarters of 2013 but rose to 7,600 USD per tonne in early August.

From October to the pre-harvest period in March next year, cashew export should perform well. Prices will be higher than those in the second and third quarters but surges are unlikely to happen, Hoc predicted.

Vietnam exported 168,000 tonnes of cashew nuts worth 1.07 billion USD in the first eight months of this year, rising by 18 percent in volume and over 10 percent in value year-on-year.

Statistics from Donacas show that its member manufacturers need around 130,000 – 150,000 tonnes of raw cashew each year. However, domestic sources are capable of supplying only half of that amount, the remainder is imported.

At present, domestic supplies are not abundant and the amount of imported raw cashew is only about 70 percent that of last year, since importers are encountering difficulties in borrowing capital. As such, Donacas has urged its members to make good material preparation for the pre-harvest period.

Source SGGP

Festive Buying Resumes but No Sellers in W320 and Higher Grades

October 1st, 2013

Once again there are buyers for the premium grading W320 around Rs6400/11.34kg/Goa-Karnataka but without any overwhelming response from these states.

Price increase is up to Rs 500/tin/10kg in the lower grade pieces such as BB, DP, DP2 etc; i.e, the smallest BB has moved from Rs1800/10kg to Rs2300/10kg.

Increase is about Rs 200/tin/11.34kg in the splits and white pieces category.  Superior Jumbo Half is now trading around Rs5600/11.34kg and Jumbo Pieces around Rs4950/11.34kg.
Source: World Cashew

Indian Processors Expect Raw Cashew Shortage in Q4

September 30th, 2013

avorable weather and soil conditions of Tanzania may yield the expected 150000 Tons of cashew crop. But there is no such helpful weather in the Sulawesi region of Indonesia.

Indian buyers are now ready to take the risk of approaching raw cashew shortage. Through imports and domestic purchases, they are trying to keep a safe level in their inventory stocks.
Source: World Cashew

Cashew exporters fear US shutdown will hit business

Mon, Oct 07 2013

Cashew exporters are in a dilemma as the international markets anticipate the aftereffects of the US partial shutdown. The ` 4,450 crore cashew industry also faces a crisis with export giants turning their attention to India, badly affecting indigenous cashew production.

“Presently, we have orders from the US, but in course of time, the orders could be cancelled due to the US financial shutdown. As US cuts down its imports, other cashew exporting countries will seek out one of the largest cashew consumers, India, for their markets.

These countries have sophisticated mechanised processing and can deliver good quality kernels at a low cost, which in turn affects our indigenous cashew business,” said A Abdul Salam, Cashew Exporters Association.

In the financial year 2011-12, India earned foreign exchange worth ` 4,450 crores by exporting 1,31,760 tons of kernels and 13,575 tons of cash­ewnut shell liquid worth ` 59.46 crores, according to the Cashew Export Promo­tion Council of India.

US is the largest impor­ter with 47,611 tons worth ` 1,471 crores, followed by UAE, Netherlands, Japan, Saudi Arabia, and UK. However, the market also faces a price hike in raw cashew imports when compared to last year’s prices.

“The cashew industry is also affected by the lesser availability of raw cashew and higher price compared to last year, with the price increasing to $1350 from $1200.

Meanwhile, the uncertainties in the US along with the depreciation in the value of the rupee have contributed to the “devaluation” of money during exports and imports. Lack of mechanisation and lesser availability of labour also add to the woes,” said Shaji V, Commercial Manager of Kerala State Cashew Development Corporation.


Cashew prices remain up on brisk buying, tight supply

Sun, Oct 06 2013

Cashew prices rose further by ` 5 per kg in the national capital today largely influenced by brisk buying by retailers and stockists to meet rising demand following beginning of “Navratras” festival.

Cashew prices remain up on brisk buying, tight supply
Tight supplies from growing regions also supported the upside in prices.Cashew kernel No 180, No 210, No 240 and No 320 rose by ` 5 each to conclude at ` 830-955, ` 770-850 ` 640-700 and ` 585-650 per kg, respectively.

Marketmen said increased buying by retailers and stockists following festive season demand against tight supplies from growing regions, mainly pushed up cashew prices to rise on the wholesale dry fruit market here. The following are today’s quotations (per 40 kg): Almond (California) ` 17,300 Almond (Gurbandi-new) ` 8,300-8,700; Almond (Girdhi) ` 4,900-5,400; Abjosh Afghani ` 12,000-24,000.

Almond Kernel (California-new) ` 595-620 per kg, Almond Kernel (Gurbandi-new) ` 500-530 per kg.

Source: The Hindu

Vietnam: Cashew nut exports hit US$1.2 billion in nine months

September 30, 2013

Vietnam earned US$1.19 billion from exporting 188,000 tonnes of cashew nuts in the first nine months of this year, a year-on-year increase of 9.3% in value and 16.5% in volume. About 21,000 tonnes worth US$134 million were shipped abroad in September alone, according to the Ministry of Agriculture and Rural Development.

The US, China and the Netherlands are Vietnam’s largest cashew nut importers, accounting for 34.4%, 16.6% and 10.4% of the total export value, respectively. Between January-August, cashew nut exports to India increased 101.8% in volume and 67.8% in value compared to the same period last year.

The Vietnam Cashew Association (Vinacas) forecast the cashew nut market would continue to pick up in the near future. By early August, average export prices hit US$7,600 per tonne, US$1,300 higher than the first two quarters.

Source: talkvietnam

Cashew Farmers Cry Out To Government

Tue, Oct 01 2013

 Farmers in the cashew industry have sent out an SOS message to the Ministry of Agriculture to quickly come to their aid to save the future of the industry that is beset with intractable problems in the country today.

This call was made by a group of cashew farmers who attended a three-day regional conference aimed at sorting out problems facing the industry at the Movenpic Hotel in order to streamline some knotty issues.

The farmers who came from different parts of the country lamented among other things over the poor pricing, lack of ready market, seeds, extension officers and disinterestedness on the part of government as part of problems the industry faces in Ghana.

According to them, they expect the central government to set up buying centre’s similar to that of COCOBOOD to ensure stable price and ready market for their produce so that they can be sure of stable income. This way, they can survive to get motivation and confidence to perpetuate their farming.

Some of the farmers who spoke to this paper said among other things that, cultivation of cashew is very scientific and technical through grafting method. The seeds are too complicated that, they need guidance and direction from the extension officers to help them cultivate. They contended that as  a result of government’s apathy, some farmers have started cutting down their cashew tree down to replace them with other cash crops that have ready markets and easy to cultivate.

What came out of this discussion was that cashew that was introduced in the early sixties by the first President Dr. Nkrumah caught on well with the farmers and saw extensive cultivation by them.

This is because cashew can do well in every part of the country apart from the Western Region of Ghana due to constant rainfall there. In fact cashew does well in the savannah region than in the South and Ghana stands to benefit from its economic value nationwide than even cocoa.

Most delegates were of the belief that cashew can give Ghana over three times income cocoa and gold are giving us now if properly handled ,protected better and extensively cultivated. For instance last year; Ghana exported about 118,000 tons of cashew at GH¢1000.00 per kilogram that gave the country GH¢18,880,000 .00 export value by small number of farmers.

Again among other things, the crop is all weather and is produced all year round. Its labour is less cumbersome unlike cocoa that is so difficult to process throughout its production stages. Cashew can be processed into so many products like, drinks, medicine, creams, deodorants, toffees, food supplements, oils, lubricants etc. One acre of cashew can produce six times tonnage than the same acreage cocoa can produce and less labour and chemical intensive to maintain its farm. It does not rampantly get attacked by diseases and insects like cocoa.

So far on the average, Ghana exports about 55,000 tons per annum. The purchase is done by splinted middlemen who pay any price from GH¢1000.00 to as low as GH¢1.00 per kilogram. These middlemen don’t allow farmers to sell direct to buyers most of whom come from Asia, Europe and America. “As we speak, there is high demand worldwide for cashew; in fact Ghana supplies about 1/20th of the demand but due to the scheming by some middlemen who do the buying and resell, we don’t get value for our produce. Because we can’t get access to these foreign buyers direct so that we can do a better bargain, so the government must step in”, the farmers postulated.

The farmers contended that, that is same reasons why the coffee industry has died and now some people are cutting down cocoa trees to mine gold because they are not being properly handled or helped by the government. “We need help immediately.” The three-day conference brought down all the players and actors in the cashew industry across the globe: Farmers, Buyers, Exporters, Processors, Middlemen, and Financers in the industry.

An exhibition was held at the Movenpic Hotel to show case the machines, products and processes of the cashew industry by the organizers.


Cashew buyers hold back as kernel offers weaken

Tue, Oct 01 2013

Demand for cashews in the US and Europe has remained on the slow side in recent weeks despite expectations that it should have started to pick up by now.

In a September 26 report, Dutch edible nuts brokerage Global Trading observed: "Demand in the US and Europe is slow for the time being. Most packers and roasters are covered for their nearby positions and current market development is not triggering them to take positions. They are expected back in the market during October or November when the contracts with the supermarkets will be finalised for the 2014 deliveries."