Cashew Kernel Price Today

Cashew Kernel Price Today, September 09, 2017

W240: 5.20-5.25; W320: 5.05-5.15;

W450/ SW320/ LBW: 4.9-4.95;

DW: 4.5-4.6; WS/WB: 4.35-4.6;

LP: 3.75-3.85 (SP: Limited)

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

Note: The above selling prices for non-Chinese markets/ Prompt shipment.

Chủ Nhật, 29 tháng 12, 2013

African Raw Cashew Floods Indian Market Again

Ngày 29/12/2013

There is huge arrival of raw cashew at the South Indian seas. This month-end (despite holidays) witnessed very high traffic of cashew imports from African nations like Guinea-Bissau, Ivory Coast, Tanzania and Ghana.

The current stock position and import contracts are much higher considering past few years.
Perhaps dearth of raw cashew is only a myth. 
Source: World Cashew 

Thứ Ba, 24 tháng 12, 2013

Cashew rises on buying support


December 24, 2013

Cashew prices rose by Rs 5 per kg in the national capital today on increased buying by retailers and stockists due to seasonal demand amid paucity of stocks.



Fall in supplies from growing regions also supported the uptrend.

Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 each to conclude at Rs 890-910, Rs 790-810, Rs 660-670 and Rs 560-610 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 here.

The following are today's quotations (per 40 kg):

Almond (California) Rs 17,500 Almond (Gurbandi-new) Rs 8,200-8,500; Almond (Girdhi) Rs 4,200-4,500; Abjosh Afghani Rs 8,000-22,000.Almond Kernel (California-new) Rs 600-630 per kg, Almond Kernel (Gurbandi-new) Rs 470-520 per kg.

Source:PTI

Cambodia: Profits peeled at new center


Mon, 23 December 2013


A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing.With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong Svay district. Nearly 400 members of the Prasat Sambor CashewAssociation operate it.Um Uon, president of the association, said that a lack of production capabilities has forced local farmers to sell their raw goods at a low price to traders, who then export the unpeeled cashews to Vietnam.“Now the traders cannot do the price fluctuation as they did before,” Uon said. “We don’t have to worry about the market anymore.”Farmers were previously selling the cashews to traders at $1.5 per kilo. Now, after the nuts are peeled at the facility they can fetch up to $12 per kilo from local buyers.



Chan Ry, a member of the association, sells her cashews to the peeling venture, and also earns extra money by working there.“In the past, I have much free time, but now I am busier,” Ry said.
But the new venture can’t accommodate everyone, and the main drawback is its limited size, according to Seng Ann, the head of tourism in Kampong Thom.Not all cashew nut farmers in the province can sell crops to the new enterprise. Instead, only farmers in nine villages of two districts in Kampong Thom are taking part.Ann called the cashew peeling facility a first step, and said its existence would encourage farmers to boost production. “When the production gets bigger, we will buy more fresh cashews to peel and process,” he said.

“So, we will expand to help more farmers.”According to statistics from the provincial agriculture department in Kampong Thom province, cashews were planted on 23,400 hectares in 2013, generating about 16,380 tonnes of nuts. Cambodia’s cashews are usually shipped to Vietnam or India for processing, where they are mixed with cashews from other countries, according to a 2010 report about prospects for the sector from the International Finance Corporation, a member of the World Bank.

Cambodia releases to the market an estimated 60,000 tonnes of in-shell cashew nuts, making it the 10th largest producer in the world.It outpaces the Philippines (5,000 tonnes) and Sri Lanka (5,500 tonnes), which both have shelling industries.James Fitzpatrick, the author of the IFC report, wrote that based on the number of hectares planted, Cambodian cashew nut production could be as high as 85,000 tonnes, large enough to support a processing industry.

Source: http://www.phnompenhpost.com/

Vietnam Cashew growth belies problems


December 23, 2013

The strong growth in recent years notwithstanding, the cashew industry encounters many challenges, including a fall in area, threatening its development.This requires a development strategy to enable the industry to develop in a sustainable manner in the coming years, according to the Department of Crop Production.The department along with other agencies and the Viet Nam Cashew Association (Vinacas) has drawn up one for the period until 2020, Nguyen Van Hoa, the department's deputy general director, said.It held a seminar in HCM City yesterday to discuss the strategy with scientists, businesses, farmers, and other stakeholders before submitting it to the Government for approval.



The industry has achieved impressive growth, making Viet Nam one of the world's largest cashew exporters since 2006.But it now faces several challenges, including a shrinking of cultivation area and unstable output, Hoa said.Nguyen Nhu Hieu, deputy head of the department's industrial crop division, said ageing trees and abnormal weather patterns have decreased yields, and many growers prefer other crops for higher profits, which has reduced the area under the nut.

"Area under cashew shrank by 107,392ha in the last seven years to 326,037ha last year."Domestic production feeds only 30 per cent of processing capacity and is reducing."He said the development strategy envisages the area remaining at 300,000-320,000ha, producing 400,000 tonnes of raw cashew nuts a year, meeting 40 per cent of processing demand.The industry plans to increase the rate of fully processed nuts to satisfy the requirements of customers, add more value, and boost domestic consumption, he said.

The strategy also calls for reviewing and tweaking cashew zoning plans, replacing aged cashew trees, developing inter-cropping models, and developing high-quality seedlings and advanced farming techniques.Modern technologies and equipment will be used, products diversified to meet increasing demand from customers, companies will focus on building brands and promoting their products.Nguyen Duc Thanh, Vinacas chairman, urged the Government to support farmers in planting cashew trees to replace old ones, adopt policies to encourage firms investing in deep processing, and strengthen inspection of exports.Nguyen Thi Kim Nga, chairwoman of the Binh Phuoc Cashew Association, said the strategy should help improve communications to enable farmers to understand the Government's new policies, embrace new technologies, and obtain other benefits.Nguyen Van Rung, a cashew grower in southern Dong Nai Province, said the industry should consider transplanting cashew seedlings, adding their productivity is very high.

At the seminar, 51 outstanding cashew farmers from 10 provinces received a Certificate of Merit from the Ministry of Agriculture and Rural Development.Vinacas was conferred the Labour Medal, Second Class, for its contribution to socio-economic development.

Source: http://english.vietnamnet.vn

Supply snags make dry fruits dearer


Monday, December 23, 2013

Prices of dry fruits are on the rise, as usual, as the winter is here, and more important, with scanty supplies. Stagnant local output, decline in production in Afghanistan and disrupted supplies from Iran are responsible for it. For the past few years, increase in the cost of transportation has been a permanent price pusher too. And this year is no exception. Traders in Karachi, where winter has still not set in, say demand is not as high as in other parts of the country where cold weather is already in.



But they point out that commercial demand is high for almonds, pistachio, walnuts, peanuts and raisins that are used in making Christmas and New Year cakes. They say that except for dry dates, all dry fruits are short in supply to meet this demand leaving very little or almost nothing for exports. “Pistachio’s output in Badghis (Afghanistan) has halved this year due to heightened militancy. Iranian pistachio and almonds are off sight as Pak-Iran land route trade remains suspended off and on. And a declining trend has long hit our own production of almonds, apricots and walnuts,” lamented a Jodia-Bazar based exporter. “Consumer demand is yet to pick up as Karachi’s weather is still not cold. But supply is so scant that it’s hard to meet even the current moderate demand. Exports have almost halted.”

Wholesale and retail prices of most of the dry fruits have so far recorded a 15-25 per cent increase, according to market reports. At retail level at some upscale markets, almonds are being sold for Rs1200 - Rs1800 per kg, the American variety being the most expensive. Pistachios (with and without shell) are priced between Rs1400 and Rs1800 per kg and plain and roasted cashew nuts at Rs1200 and Rs1400 per kg. Prices of pine nuts (with and without shell) are being retailed at Rs2400 and Rs3200 per kg, peanuts at Rs320 and Rs400 per kg. Figs are being sold at Rs1400-Rs1600 per kg. “Traders at semi wholesale markets in Karachi, no less than a dozen in number, are also partly to be blamed for the price hike,” says a retailer from North Nazimabad. Earlier, everything used to come direct from Jodia Bazar. But for the past few years, semi wholesalers at Water Pump market, for example, have come up on the scene. “Most retailers prefer purchases from nearby semi wholesale markets to cut transportation cost and avoid traffic gridlocks. But when semi wholesalers overcharge them, retail prices go up.”, he said.

Many shopkeepers at semi wholesale markets in Nazimabad, North Nazimabad and other areas concede that it is partly true. But they point out that many jobless people are now lifting large amounts of dry fruits to sell them on roadsides and on the streets. Most of them don’t even have money to buy push-carts and rent the same at Rs100 per day. “So, in a way retail demand is not that dull, perhaps people are buying less from retail shops and more from thelewalas,” according to a semi-wholesaler at Al-Asif Square, Abdul Hakim.

However, all people associated with dry fruits’ trade agree on one thing: supplies from neighbouring countries are low and local production is on the decline. Production of apricot, for example, fell from 240,000 tonnes in 2007-8 to about 190,000 tonnes in 2011-12, the latest year for which data is available. Production of almonds declined from 26600 tonnes to 21400 tonnes and that of walnuts from 12700 tonnes to 10600 tonnes. Local output of pistachio and figs has also decreased from 775 tonnes each to 655 tonnes and 525 tonnes respectively, stats compiled by Ministry of National Food Security and Research show.

Gradual decline in production of all these dry fruits, except for pistachio, is partly attributable to the shrinking of area under cultivation, the ministry’s statistics reveal. The area under plantation of pistachio has remained almost unchanged but the production has somehow fallen, chiefly because farmers cannot gather nuts in time due to militancy in the areas where pistachio is grown. Generally, thousands of nut-producing trees had been chopped down, during recent past, for firewood by both local residents and militants in remote parts of KPK and the Northern areas.

In this backdrop, not only consumers suffer due to ever-rising prices but the country’s export earnings are also hit drastically. Exporters of dry fruits recall that until a few years ago, Pakistan was exporting dry dates, walnuts, pine nuts, peanuts and even almonds but now only dry dates are being exported. Foreign sales of the other four items have become negligible. Separate stats for exports of different dry fruits could not be obtained. But officials of Trade Development Authority of Pakistan confirm that fresh and dry dates now account for 90 per cent plus of the total export earnings (over $100m in FY13) under HS codes that cover dry fruits.


Source:www.dawn.com

Thứ Sáu, 20 tháng 12, 2013

Vietnam's cashew industry develops strongly amid challenges


Fri, Dec 20 2013

Vietnam's cashew industry has witnessed strong development in recent years, but it still encounters many challenges, including a fall in planted area, according to the Vietnam Cashew Association (Vinacas) on Friday. Accordingly, the cashew industry has achieved impressive growth, making Vietnam one of the world's largest cashew exporters since 2006.



Cashew exports stood at 1.47 billion USdollars in 2012 as the country's fourth largest agricultural exports after rice, coffee and rubber. They are expected to top 1.8 billion US dollars in 2013. However, cashew industry still faces several challenges, including shrinking cultivation area and unstable output. Aging trees and abnormal weather conditions have decreased yields, and many farmers preferred other crops for higher profits, which has reduced the planted area.

Statistics by the Department of Crop Production (under the Ministry of Agriculture and Rural Development) showed that the area under cashew cultivation shrank by 107,392 hectare in the past seven years to 326,037 hectare in 2012. As a result, domestic production feeds only 30 percent of processing capacity and is reducing. This requires a development strategy to enable the industry to develop in a sustainable way in the coming years, local Vietnam News quoted Nguyen Van Hoa, deputy general director of the Department as saying.

A draft strategy has drawn up for the cashew industry's development for the period until 2020 by the Department, related agencies and the Vietnam Cashew Association (Vinacas), Hoa said, adding that a seminar was held in Vietnam's southern Ho Chi Minh City on Thursday to discuss the strategy with scientists, businesses, farmers, and other stakeholders before submitting it to the government for approval. Under the draft development strategy, the cashew-cultivated area will remain at 300,000-320,000 hectare, producing 400,000 tons of raw cashew nuts a year and meeting 40 percent of the processing demand.

The industry also plans to increase the rate of fully processed nuts to satisfy the requirements of customers and boost domestic consumption. In addition, reviewing and tweaking cashew zoning plans, replacing aged cashew trees, developing inter-cropping models, and developing high-quality seedlings and advanced farming techniques are among tasks to be soon implemented.

Along with that, modern technologies and equipment should be used and products diversified to meet the increasing demand from customers. Companies should focus more on building brands and promoting their products. The government should support farmers in planting cashew trees to replace old ones, adopt policies to encourage firms investing in deep processing, and strengthen inspection of exports, the draft strategy recommended. In the first 11 months of 2013, Vietnam exported 238,000 tons of cashew worth 1.49 billion US dollars, but it had to disburse 584 million dollars for the imports of raw cashew for local processing, according to the Vietnam General Statistics Office.

Source: http://www.globaltimes.cn/content/833250.shtml#.UrQAjSdbzFw

Vietnam's Cashew Sector Strives To Reach US$2.5 Billion Revenue Target By 2020


Fri, Dec 20 2013

Vietnam's cashew sector will adapt various measures to meet its US$2.5 billion revenue target by 2020, Vietnam News Agency (VNA) reported. he Cultivation Department from the Ministry of Agriculture and Rural Development (MARD) predicts the country will have cashew cultivation area of 300,000-320,000 hectares with 400,000-ton annual output in meeting 40 per cent of its material demand for processing. To meet the goal, the department proposed several measures to improve cashew production and processing. t suggests having proper farm planning, expanding cashew cultivation in areas with favourable conditions and applying new farming technologies.



Building large processing factories using high technology to ensure food safety and encouraging producers to foster links in building a trademark for Vietnamese cashew is also vital, the department said.
At a meeting between the Vietnam Cashew Association (Vinacas) and the department on Wednesday, Nguyen Thi Kim Nga, chairman of Cashew Association of Binh Phuoc province, said it is necessary to improve connectivity between farmers and businesses.

She also suggested Vinacas and the MARD assist Binh Phuoc in implementing a pilot model in the field before extending it to other localities. Vinacas said the government should introduce policies to encourage more businesses to invest in cashew processing, diversify the domestic market and support enterprises in trademark building.

Source: http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1002578

Cashew association honors 51 excellent farmers


Thu, Dec 19 2013

The Vietnam Cashew Association (Vinacas) recently coordinated with the Department of Cultivation under the Ministry of Agriculture and Rural Development to honor 51 excellent cashew growers from ten provinces in southeastern and highland regions.



These farmers saw cashew production of 2 tons per hectare per crop upwards for three consecutive years with some farmers seeing highest production of 3.5 tons per hectare per crop. Meanwhile the current average production has not reached 1 ton per hectare.

On this occasion, Vinacas received second class Labor Order.

Source: http://www.saigon-gpdaily.com.vn/Business/2013/12/107382/

Thứ Tư, 18 tháng 12, 2013

India: Raw cashew prices surge despite lacklustre kernel


Tue, Dec 17 2013

Raw cashew nut prices have surged since September-end despite the kernel market being quite and steady. At the same time, the trade expects the kernel market to rule firm early next year.



West African raw cashew, being traded at $750-900 a tonne during September-October, has increased to $950-1,150 due to strong demand from small and medium processors in Vietnam for spot cargo. Tanzania raw cashew, which started trading at $1,250 before auctions, surged to $1,400-1,425.

These are at least 10 per cent higher than current kernel prices, Pankaj N. Sampat, a Mumbai based dealer told Business Line. After touching a low of $3.10-3.20 a lb (f.o.b.) in the first half of October, price for W320 has moved up to $3.30 during November.

Last week, the offers were W240: $3.75-3.90; W320: $3.30-3.45; W450: $3.00-3.15; SW320: $3.00-3.10; SW360: $2.80-2.90; Butts: $2.50-2.55; Splits: $2.20-2.35 and Pieces: $1.50-1.60.

Another trigger for higher kernel prices in early 2014 would be buyers in traditional markets coming in to buy in Jan/Feb for first half shipments to replenish their positions on account of good sales in the last quarter of 2013. As availability is expected to be low, they may have to pay higher prices.

If demand in the first quarter is slow, then markets, both RCN and kernels, will continue sailing in reasonably calm waters.

Source: Hindu business line.

Pakistan: Dry fruit sales gain momentum


December 17, 2013

LAHORE: Sales of dry fruits picked up momentum with the change in weather as the first half sunny day of winter was observed in the city on Monday. Yet, like other edibles, some dry fruits are still out of the range of commoners because of their prices.  Vendors at Bedian Road and Akbari Mandi, however, said prices of dry fruits have not been increased as much as those of other edibles. For example, the price of pine nuts (with shell) ranges from Rs2,000 to 2,200 per kilogramme presently, which was almost the same during the peak season last year, they said. Without shell, pine nuts are being sold at Rs3,500 per kg, they added.



Similarly, pistachio is available between Rs1,100 and 1,700 per kg, depending on its quality. Its old stocks are being sold at lower rates, while fresh supplies are fetching good prices. The price of cashew nuts (shell) is hovering between Rs1,300 and 1,500 per kg, cashew nuts (shell) slated Rs1,600 and 1,800 per kg and roasted cashew nuts (without shell) are being sold at Rs3,500 per kg. A variety of almonds is available in the market with different price ranges. Almond soft shell can be bought at Rs500 to 700 per kg, almond US (without shell) Rs950 to 1,000 per kg, almond Iran (without shell) Rs1,000 per kg and almond local at Rs1,100 per kg. A kilogramme of salted Afghani almond, which is coming from Chaman, has price varying from Rs1,000 to Rs1,200.

The last dry fruit is not stirring taste buds of eaters living in the plain areas of Pakistan, though people in the hilly areas in Afghanistan love to nosh on the snack with Qehwa (Afghani tea) to protect them from the inclement coldness, said a local vendor. Further, a vendor said sales of walnut, peanut, raisin, fig and dry apricot are encouraging because mainly middle-income group consume these fruits. Local vendors said markets are full of these winter favourites because of their soaring consumption as compared to high-end dry fruits afforded by only high-income group. The assortments of both local and foreign (from neighbouring Iran and Afghanistan) have flooded markets with variable prices, they said. You can buy walnut (shell) between Rs350 and Rs500 per kg. Walnut (without shell) is relatively expensive with Rs800 to 1,000 per kg. Peanuts are priced from Rs200 to 350 per kg, raisin golden Rs500 per kg, raisin green from Rs600 to Rs700 per kg, fig dry from Rs600 to Rs750 per kg and dry apricot from Rs300 to 400 per kg.

Source: www.thenews.com.pk

Cashew processing in Ghana under threat


December 17, 2013

Ivorian authorities’ ban on exports of raw cashew nuts through Ivorian borders is expected to impact the business of processing companies in the country.According to cashew processors in Ghana, restricting exports through the sea ports alone will affect the cost of their operations and also push up the price of their processed cashew for the local and exports markets.The acting President of the Cashew Industry Association of Ghana, Mr Winfred Osei Owusu, told the Daily Graphic that the processors had their factories strategically pitched in major producing towns in the Brong Ahafo Region.“We did this because of the proximity to supply sources of the raw cashew nuts, as well as the import through the borders of Cote d’Ivoire and Burkina Faso to supplement the quantity of the crop produced in Ghana; and so if we have to import through the sea ports, our cost will go up because we will have to transport the nuts all the way from the Takoradi and Tema ports to the Brong Ahafo Region at an extra cost,” he said.Mr Owusu was of the view that should that happen, the finished products from Ghana would become more expensive on the local and international market, thereby making them uncompetitive.



Ban on imports

Early this month, the government of Cote d’Ivoire announced a ban on export of raw cashew nuts (RCN) and cotton through its border posts.The ban had already been announced in 2012. However, some cashew processing companies in Ghana were given some concessions to import through the borders. The Ivorian government had through the announcement stated its resolve to carry on with the ban without any privileges, of which Ghana would be affected.According to the association, the notice of the ban cited by GCIA indicated that imports could only be done either through the sea ports of Abidjan and San Pedro.

Ghana as a hub

Mr Owusu said Ghana was fast becoming a hub for cashew processing in West Africa, as large processing firms had been set up in the Brong Ahafo Region and other companies had plans of setting up their processing plants in the region.“Presently, there are over twelve (12) large and small-scale processing companies in the country, with over 27,000mt processing capacity. Early next year, the largest processor in Brazil will open its 35,000mt plant, bringing the total processing capacity to more than 60,000mt.That means installed processing capacity would exceed the current production levels of RCN in Ghana, which stood between 40,000mt to 50,000mt, according to MoFA. Ghana also exports an average of 150,000mt of RCN annually.The cashew industry in Ghana, thus, relies heavily on RCN imports from Cote d’Ivoire, Burkina Faso and Togo to supplement its processing and export volumes, with Cote d’Ivoire being the largest import source.He said the investors were capitalising on a number of factors to choose Ghana as a hub, chief among them being the relative stability and conducive business environment, as well as the enormous potential for the crop production in the country.

“These are the attributes, and we need not do anything that will get them to lose interest in the country,” he said.Exporters to India and other parts of the world also trade intensively through Ghana’s port every year.Ghana also serves as the headquarters of the African Cashew Alliance; an association of African and international businesses with an interest in promoting a globally competitive African cashew industry with nearly 200 member companies representing all aspects of the cashew value chain, including producers, processors, traders, and international buyers.Also, the African Cashew Initiative (ACI), a German International Cooperation-(GIZ) led cashew project funded by the Bill and Melinda Gates Foundation and the German government in five African countries including Ghana, is headquartered in Ghana.

Interventions


Mr Owusu said the immediate intervention was for the government to urgently release the stimulus package for the players in the sector to up production capacity from current 50,000mt to about 200,000mt in the next 5 to 10 years.“Once this is done, we will not have to depend so much on other countries to beef up the quantities required by the processors and traders in the country.”Meanwhile, he said the association intended to engage the government to intervene on its behalf by opening dialogue with the Ivorian government on establishing some cross border trading modalities that would benefit both countries, instead of implementing the outright ban of cross border trade of RCN.“We recognise the trade ministry's recent activism and support for the industry, especially at the level of the minister. I believe that given the minster's commitment, the association can work with him and the ministry to weather the storm and create a strong income-generating and rural-transformational industry," says Mr Owusu.

Stimulus package

Subsequently, the association has called on the government to urgently release the stimulus package announced for players in the sector to enable them to produce the crop in larger quantities for local consumption and export.

Source: http://www.ghanaweb.com/

Nigeria: Investing in cashew nuts for local and export markets


Date: 16th December, 2013

Cashew has its origin in Brazil, South America. It is now grown in tropical countries of Africa, introduced to Africa by the Portuguese and has been growing in Africa for the past 400 years. It is a sprawling broad leafed evergreen that is well adapted to poor soils and dry sandy locations. Cashew belongs to the ‘nuts’ plant. Apart from being nutritionally rich, it is rich in oil and fat and contains moderate amounts of carbohydrate and protein.





Cashew nut, which is the seed, is of high commercial value and to extract this seed, the shell must be removed. The shell contains skin blistering oil which is highly valued for its many industrial applications. The oil, when extracted, contains oleic acid (about 74 percent) and 18 percent protein. The oil is used as medicinal, an irritant, wood protector, and a source of resin. The young leaves are sometimes used as flavouring and as medicinal.


The yellow gum obtained as exudates from incisions made in the bark is used mainly as adhesive, while the wood of the plant (when dead) is utilised in several ways, and the bark to some extent, for tanning and yellow dye.


Market potential, project justification: Besides numerous uses the cashew nut can be put to, the demand (local and foreign) is also rising steadily and prices are good, moreover, it is a good source of foreign exchange. The nuts are heavily consumed in temperate countries. They are either prepared as delicacies or used in confectionery. North America and Europe are known as the largest consumers of cashew nut. It therefore has a lot of export market potentials and local industries can also be encouraged to process cashew nuts.


In addition, recent policy of government has made cashew production gain a very tremendous popularity. This is because of the boost given to the non-oil exports. A lot of abandoned cashew plantations located in northern parts of Oyo State (Iseyin, Saki, Oyo and Ogbomoso) have been re-activated by their owners. Suddenly, cashew production is being seen as one of the major sources of foreign exchange earnings.


In view of the above, it has been identified that establishment of cashew plantation is one of the investment opportunities for Nigerian investors. Not only because of its foreign exchange potentials but also as life investment for owners. This project is strongly recommended for consideration by investors.


Requirements, technical information: A medium sized factory is acquired where the processing plant is installed. Cashew nuts processing involves procurement of dried cashew from produce buyers. Cashew is heavily grown in Oyo North, Ondo, Kwara, Kogi, Benue and some northern states. The production processes are parboiling, drying, cracking, sorting and packaging. It has a ready local and export markets, and has a ready market in America, Europe and Asia.


Revenue projection Capacity of the plant is about 250 metric tons per annum and average selling price per ton of cashew is about N120, 000, while turnover of N30 million is achievable. 30 percent profit margin is being calculated. This gives us net income of N9 million annually. Serious minded investors can be assisted in the establishment of this project.

Source: Peoples Daily

SAMSON'S CASHEW MARKET REPORT - DEC 15, 2013

DEC 15, 2013

FOB prices in Week 50  :
 
W240          US$ 3.75 to 3.90
W320          US$ 3.30 to 3.45
W450          US$ 3.00 to 3.15
SW320        US$ 3.00 to 3.10
SW360        US$ 2.80 to 2.90
SSW            US$ 2.45 to 2.50
Butts           US$ 2.50 to 2.55
Splits          US$ 2.20 to 2.35
Large Pieces US$ 1.50 to 1.60
 



Cashew market has been quiet in the last two weeks after reasonable activity during Oct/Nov.  After reaching a low of  3.10-3.20 FOB in first half of Oct, price for W320 has moved up to 3.30–3.40 FOB range during November. There has been very little activity during Dec except steady sales to off markets and sporadic buying by some buyers in traditional markets.
 
During Week 50, the range of offers is W240 from 3.75 to 3.90, W320 from 3.30 to 3.45, W450 from 3.00 to 3.15, SW320 from 3.00 to 3.10, SW360 from 2.80 to 2.90, Butts from 2.50 to 2.55, Splits from 2.20 to 2.35 and Pieces from 1.50 to 1.60 FOB.   
 
Surprisingly - despite a quiet & steady kernel market - the RCN prices have gone up substantially since end of Sep (maybe not very surprising, considering that RCN availability is traditionally low in Nov-Mar period). West African RCN was being traded as low as 750-900 dollars during Sep/Oct.  This has gone up to 950-1150 range due to strong demand from small & medium processors in Vietnam for spot cargo to keep factories running till mid Jan.  Tanzania RCN which started trading at 1250 dollars (before the auctions started) has gone up to 1400-1425 dollar range. These high prices are at least 10% higher than current kernel prices.
 
There are some unconfirmed reports that 2014 crops may start early. This would provide relief to the processors as RCN prices would come down to reasonable levels.  If the crops are not early, there could be a period when several processors will have to shut down unless kernel prices (and demand) pick up because they cannot keep on buying with such a large disparity.  Some processors have already reduced processing in the last few weeks to make their current inventory last longer.
 
On the kernel buying side, there are no signs of any big increase in demand although all markets are showing some increase from the lows of 2010/11 (caused due to very big price swings). As most buyers in the traditional markets have adequate cover for few months, there does not seem to be any pressure on them to buy despite signs of firmness in the market and possibilities of reduced availability in the first 4-5 months of 2014. They seem to be comfortable buying small volumes for few months requirement. The off markets (which are growing in volume and importance) and the Indian domestic market continue to buy spot / nearbys.  This pattern is keeping the market steady in a reasonably narrow range.
 
Without any adverse crop developments (and in some cases despite bigger crop), prices of all other tree nuts have been firm and have increased in the last year or so.   Cashew is probably the only product for which prices have remained very steady for two years – 2012 and 2013.  Unless something dramatic happens with the 2014 crops, we can expect the same for 2014 but there is a possibility that prices in the early months due to reduced availability as major portion of the 2014 crop will be available for processing after May.
 
Another trigger for higher kernel priecs in early 2014 would be buyers in traditional markets coming in to buy in Jan/Feb for first half shipments to replenish their positions on account of good sales in the last quarter of 2013. As availability is expected to be low, they may have to pay higher prices.  And if that happens, it could mean a continued firmness in RCN prices when the 2014 crops start.  If demand in first quarter is slow, then market (RCN and kernels) will continue sailing in reasonably calm waters.
 
To sum up, it would be reasonable to expect some firmness in early 2014.  Developments in first quarter need to be watched closely to get an idea of what to expect during the main 2014 crop.
 
Pankaj N. Sampat | SAMSONS TRADERS

Raw Cashew Zooms Higher on Rumors

December 14th, 2013



According to some analysts, buyers rush is on increase in the F.O.B kernel market.

This improvement, appears to be another bullish opportunity for the ‘already unworkable raw cashew’. Any slight rise in the global cashew kernel is now enough for the raw cashew market to explode again and again.
Source: World Cashew 

Indian Cashew Kernel Dull on More Supply and Less Demand

December 12th, 2013



Most premium W320 is now available around Rs5400/11.340 kilo/Goa-Mangalore.
North Indian buyers are still waiting for the winter demand. They are insisting on top quality grading but there is no significant buying interest.

Despite the Rupee appreciation, local exporters are the main buyers in W320 and higher grades.
Source: World Cashew

Thứ Ba, 10 tháng 12, 2013

Cashew prices show slight gains on upturn in interest


Mon, Dec 09 2013

Cashew nut kernel prices have edged up slightly off late on improved off-take, although there are varying opinions on the extent of this demand.



In a December 5 market report, Dutch edible nuts brokerage Global Trading observed that the cashew nut kernel market had been "a bit more active" over the last eight to 14 days, resulting in modest price gains of USD0.05-0.10 per lb. The company added that cashew pieces in particular had seen a significant increase in demand.

Source: http://www.agra-net.com/

Buyers’ Rush Ends in Raw Cashew



Fri, Dec 06 2013

Pieces steady but downward trend is continuing in the Wholes category. Price of a Premium W320 tin is now around Rs5700/11.340 kg in Goa and Mangalore.



When the production results in losses and the Inventory sale brings huge profits, profit booking becomes the strategy of the market. In India, import re-sellers are trying this kind of profit booking, especially in the imported West African last crop nuts.

May be ‘bright looking nuts’ but buyers know the out-turn and quality!

Source: http://www.worldcashew.com/

Thứ Năm, 5 tháng 12, 2013

Eating Nuts Cuts Death Rates by 20%

Nov. 20, 2013
The new epidemiological study published Wednesday 20th of November in the New England Journal of Medicine (NEJM) implicated more than 118,000 healthy men and women volunteers, and found that those who regularly consumed a one-ounce daily serving of walnuts, almonds, cashews, or other nuts had a 20 percent lower risk of dying of any cause during the three-decade long study, compared to those who did not consume nuts. Eating nuts less often lowered the death risk too, in direct proportion to consumption.
The Harvard study found that people who consumed regularly nuts had the benefit of longer lifetime even if they did not practice sports, and stay away from fruits and vegetables, and were overweight.
The risk of dying of heart disease dropped 29 percent and the risk of dying of cancer fell 11 percent among those who had nuts seven or more times a week, compared with people who never ate them.


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New Harvard study found that people who consumed regularly nuts had the benefit of longer lifetime even if they did not practice sports, and stay away from fruits and vegetables, and were overweight.
 Nut eaters were:
  • 29% less likely to die of heart disease
  • 11% less likely to die of cancer
  • 16% less likely to die of diabetes
  • 24% less likely to die of respiratory disease
The new epidemiological study published Wednesday 20th of November in the New England Journal of Medicine (NEJM) implicated more than 118,000 healthy men and women volunteers, and found that those who regularly consumed a one-ounce daily serving of walnuts, almonds, cashews, or other nuts had a 20 percent lower risk of dying of any cause during the three-decade long study, compared to those who did not consume nuts. Eating nuts less often lowered the death risk too, in direct proportion to consumption.
The risk of dying of heart disease dropped 29 percent and the risk of dying of cancer fell 11 percent among those who had nuts seven or more times a week, compared with people who never ate them.
Study participants who often ate nuts were healthier -they weighed less, exercised more and were less likely to smoke, among other things. Even though, after taking healthy habits and other things into account, researchers still saw a strong benefit from nuts.
The study led by researchers from Brigham and Women's Hospital and Harvard School of Public Health, united two researches that started in the 1980s on 76,464 female nurses and 42,498 male health professionals. Researchers assessed the nut consumption and deaths from all causes among women participating in the Nurse's Health Study and men involved in the Health Professionals Follow-up Study. They filled out surveys on food and lifestyle habits every two to four years, including how often they ate a serving (1 ounce or 28 g) of nuts.
The study was supported by grants from the National Institutes of Health and the INC-NREF.
Source: https://www.nutfruit.org

Mozambique: Nampula province, in Mozambique to have cashew research center



Wed, Dec 04 2013

A cashew research centre is due to be installed in Nassuruma, in Mozambique’s Nampula province, to drive research and studies into cashews in the country, said Filomena Maiopué, director of the Cashew Institute (Incaju). Maiopué told Mozambican daily newspaper Notícias that the centre’s installation would initially have support from specialists form Tanzania, which has vast experience in cashew research and production.



In Mozambique cashews are produced in almost all of the country’s provinces and the nuts are one of the key products for the family and industrial sector, with estimated annual production of 90,000 tons per year. In the last few years, cashew production has faced a number of problems including climate change, disease and price volatility on the international market.

Maiopué also said that the cashew sector continued to attract investment and noted a factory to process cashew oil, which has a high commercial value.

Source: macauhub

Vietnam: Conference to develop cashew sector takes place in HCM City


Tue, Dec 03 2013

The cashew industry needs to map out an appropriate development strategy as cultivation areas have shrunk, delegates told a conference on sustainable development in HCM City last week.



According to the Viet Nam Cashew Association (Vinacas), the plantation area fell from nearly 440,000ha in 2007 to 360,000ha now.

Viet Nam now ranks third in the world, down one spot, and is expected to drop further to the fourth position, after India, the Ivory Coast and Brazil, Vinacas said. Nguyen Duc Thanh, Vinacas's chairman, said the unstable price of cashew nuts and low productivity had prompted many farmers to replace their cashew trees with other industrial ones.

Although many farmers produce a high-yield cashew, the cultivation areas of this type of cashew remained small compared to the total cashew cultivation area, he said. "Most of the cashew cultivation areas have not received proper caring techniques, and offered low yields," he said.

"Viet Nam has processed about one million metric tons of raw cashew nuts a year, but domestic production has met only 50 per cent of the demand." It annually imports about 500,000 tons of raw cashews from other countries, of which imports from African countries accounted for 300,000 tons, he said.

At a cashew buyers and sellers meeting in HCM City last week, many African raw cashew suppliers also called on Vietnamese firms to invest in processing the nut in their countries. African countries, as a result, would limit the exports of raw cashew in the future, making it hard for local processing firms to import the raw materials, Thanh said.

Hoang Quoc Tuan, director of the Agriculture Planning Centre, said the cashew industry must change its development outlook. "Previously, we thought that cashew trees should be plant in areas that are not suitable to plant other trees. This should be changed, just cultivate it at suitable areas," he said.

In addition, advanced science and technology should be used in cashew cultivation to improve productivity and product quality, he said. Nguyen Trong Thua, head of the Agro-Forestry Processing and Salt Industry Department, said the cashew industry, which is one of nine major farm production industries, would be restructured under the general policy of the agricultural industry.

The cashew industry must focus more on more research to create seedlings with a high productivity, he said. Localities should develop zoning plans for cashew cultivation areas and help farmers with planting techniques and other support to increase incomes for farmers, which would contribute to ensure a stable material zone for the cashew industry, he said.

Viet Nam expects to export about 250,00 tons of cashew nut this year for a value of US$1.55 billion. Including the exports of cashew kernel oil, export revenue could top more than $1.8 billion, Thanh said.

Source: : Vietnamnews.vn

Thứ Hai, 2 tháng 12, 2013

Cashew nut production in Mozambique may be lower than 95,000 ton projection this year


Monday, December 02, 2013

Cashew nut production in Mozambique this year may not reach the forecast of 95,000 tons due to a number of factors whose real impact is still difficult to determine, said the director of the National Cashew Institute (INCAJU), Filomena Maiópuè.



Cited by daily newspaper Notícias, Maiopué noted factors such as disease, climate change and political and military tension as possibly having a negative effect on the 2013/14 season.

Noting that in the north of the country, particularly in the provinces of Nampula and Cabo Delgado, the weather in the last few periods of blossoming and fruiting of the plants were not favourable, but she said that if there was a drop in production it would not be drastic and was not expected to fall below 90,000 tons.

In the central region, mainly in Sofala province, the situation was different as there are a lot of cashew nuts and producers and rural workers are now harvesting them. In Zambézia province the situation is better than in the previous season.

In the south, specifically in Inhambane and Gaza province, the situation is very good, Maiopué said, adding that by February “we will have a precise idea about what will happen to production overall.

Source: www.macauhub.com.mo

Brazilian cashew nut producer receives organic certification


Sat, Nov 30 2013

Fazenda Tabajara farm in Pacajus, a leading cashew nut producer in northeast Brazil, has been successfully certified as an organic producer this year, allowing its owners to earn a premium for organic produce harvested on the farm.



The farm, which is located in Ceará state, was certified organic following painstaking work with certification auditors IMO Control do Brasil. As a result, the farm's revenue has already improved significantly.

Source: http://www.agra-net.com/portal2/home.jsp?template=newsarticle&artid=20018086329&pubid=ag005