Cashew Kernel Price Today
Cashew Kernel Price Today, July 21, 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.
Thứ Hai, 27 tháng 1, 2014
Thứ Sáu, 24 tháng 1, 2014
Thứ Năm, 23 tháng 1, 2014
Thứ Tư, 22 tháng 1, 2014
Thứ Sáu, 17 tháng 1, 2014
Thứ Năm, 16 tháng 1, 2014
January 16, 2014
After witnessing stagnation over the last year, India’s cashew kernel exports are set to bounce back into growth trajectory. For the first nine months of the current fiscal ended December 2013, the country has registered a growth of 16% to 90,244 metric tons as against 77,869 metric tons exported in the corresponding period last year.In value terms, Indian exporters earned Rs 3,764 crore in the first three quarters ended December 2013, showing a year on year growth of 24.2% over Rs 3,031 crore earned between April and December 2012.
Going by the current trends in exports, the country is likely to close the current fiscal with second all time high export figures. Till now, India’s highest cashew kernel exports stood at 131,000 metric tons valued at Rs 4,390 crore in 2011-12. In 2012-13, India’s exports slipped to 100,105 metric tons valued at Rs 4,046 crore.“Over the last five years we have seen cashew kernel exports stagnating at little over 100,000 metric tons except for one year. This year, we have seen a significant change in terms of import of raw cashew nuts as well as export of kernels. At the same time, there has been no increase in kernel imports. This shows that we have beaten the trend of stagnation and headed towards reaching the all time high exports,” G Giridhar Prabhu, managing director of Achal Cashews, a Mangalore-based export house, said.
The healthy trend this year is that the import of raw cashew nuts came down significantly by 10% to 662,795 metric tons between April and December 2013 compared to the same period last year, he said adding that the average cost of imports going down by 23% to Rs 616 crore as against Rs 799 crore with the unit value of Rs 55.83 as against Rs 59.29 per kg.Another important contributing factor is the rise in unit value realization. The exporters have seen 7.1% rise in unit value at Rs 417.11 per kg during the nine month period as against Rs 389.30 per kg in the year ago period. In the month of December alone, the unit value has increased by 27% to Rs 448 per kg as against 352.81 per kg in year ago period.
“Added to this, the rupee depreciation has contributed significantly to the export earnings this year. The average exchange rate has gone up to Rs 62 per dollar compared to Rs 54 per dollar in the previous year. Another contributing factor could be due to a small decline in the domestic consumption,” Prabhu said.Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) said continued economic slowdown in Europe and the US prompted the Indian exporters to diversify into other markets like Japan, West Asian countries such as Saudi Arabia, Dubai among others.“Japan has emerged as the new growth market for Indian cashew kernels. It accounts for 7% of the country’s total exports. If the current export demand sustains over the fourth quarter this year, we could see India’s kernel exports touching the level of 115,000 tonnes,” Varma said.
Thứ Tư, 15 tháng 1, 2014
Chủ Nhật, 12 tháng 1, 2014
Excepted from www.afius.org
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AFI Chairman's Report
Andy Gellert, Gellert Global Group
Periods of increased legislative and regulatory activity present concrete examples of the value of trade associations. That's certainly the case in the food import industry today, as the Food Safety Modernization Act winds its way through various stages of implementation.
To fully understand the impact AFI has had, we need to go back to the beginning, when a bill with a title along the lines of "The Imported Foods Safety Act" was introduced. AFI, our voice, immediately questioned how and why any requirements should/could be limited solely to imported foods. Before long, the bill became a more-encompassing one, including domestically produced foods as well.
AFI and others have made it clear from the start of the conversations about FSMA that there's full support for taking steps to ensure the safety of foods. However, any new requirements must be grounded in science and truly help in the quest to make only safe food available to consumers.
One of the first major components of FSMA was the re-registration requirement for all domestic and foreign facilities. AFI provided valuable information on this process and helped our foreign members comply by agreeing to serve as the FDA agent, at no cost, to all foreign members. Members and non-members alike should know there is no better agent option. For overseas suppliers, you get membership and the agent service for less than what others charge simply to be an agent. That means you get the added bonus of receiving ongoing information on anything related to shipping product to the U.S. For importers, having AFI serve as the agent for your suppliers helps ensure your suppliers will know what has to be done to comply with U.S. regulations, something that should result in fewer entry-related problems.
Not sure you or your suppliers re-registered? Contact the AFI office for assistance.
Re-registration is actually one of the easiest components of FSMA. The first two of several proposed rules related to FSMA were published in January. One deals with fresh produce; the other with preventive controls for all foods. We'll let the produce associations handle the produce issues. But as you'll see elsewhere in this publication, the preventive controls rule is something everyone needs to pay attention to. It's one of, if not the most central, idea behind FSMA. In brief, it requires all manufacturers to develop a food safety plan that addresses potential hazards at every step of production and to develop ways to monitor the plan is carried out. AFI President Bob Bauer has participated in many forums, hosted by FDA and others, during which the nuts and bolts of this proposed rule were discussed. Though FDA did a commendable job in putting the proposed rule together, there are some areas of concern. AFI staff and the Board of Directors will work with members and the association's legal advisors to submit comments to highlight our concerns.
The two proposed rules will intertwine with at least two other major proposed rules we expect to be published soon. Those rules will have a great deal to do with verification of the safety of imported foods. Members can rest assured AFI will again do whatever is necessary to ensure the voice of the food import industry is heard and to educate members about the new requirements contained in the proposed rules.
Those reading this who are with companies that are not members of AFI, I urge you to consider joining the association. Reading this publication and perhaps some online publications will help give you a snapshot of what's going to be required, but that's just not enough. There's a perception out there that imported foods are not as safe as domestically produced product. FSMA was written with that in mind. Never in our lifetimes has there been such a focus on the safety of imported foods. We all need to get this right. That means we have to work together to submit comments to help ensure the regulations are fair to the import community and we have to work together to educate the entire food import industry about FSMA, specifically and food safety, in general. While the largest food safety issues of late have involved domestically produced food, even one incident involving imported foods could put our industry in the crosshairs again.
Members and non-members alike, we need to redouble our food safety focus, participate in the rule-making process to help the government get it right and work within our firms and with our suppliers to ensure we are providing safe, quality food. Our customers expect nothing less.
Bob Bauer, AFI
Spread the word. While I'm always appreciative of those who spread the word about AFI's work and benefits, that's not what this is about. We need to spread the word about the new food safety law in the United States and tell people they need to prepare now to be able to be ready when the law is fully implemented.
Spreading the word will be a challenge. There are many layers - layers of information and layers of those who need to receive the information. Articles throughout this publication provide some details about some of what we know to date about the Food Safety Modernization Act. With regard to food imports, the new law, known as FSMA (pronounced FIZMA), continues a shift away from a focus on inspection at the border to steps to track food safety before product arrives in the U.S. or makes its way to consumers. U.S. importers will have to be able to demonstrate the food they are bringing into the country is safe. This will be done through a yet-to-be-explained foreign supplier verification requirement.
While we don't have all the details yet, we know enough about what the law calls for to give information to help those in the industry take steps now to make compliance easier, whenever that compliance date is set. Two important points: First, there are many components of FSMA and there will be many compliance dates. Second, even before compliance is mandatory, customers will expect or require product produced and shipped in manners that meet or exceed the parameters set out in the final regulations, whenever that happens.
We need to spread the word about preventive controls plans. For the most part, it's a Hazard Analysis Critical Control Point plan. But creating, implementing, verifying and auditing a HACCP plan is not an overnight task. It takes time. We need to spread the word to ensure suppliers have HACCP plans (or something equivalent) or that they've started to develop such a plan. We need to spread the word that having a HACCP plan alone isn't enough. As you'll see in articles elsewhere in this publication, the preventive controls plans must include other components, such as a recall plan.
We need to spread the word that overseas suppliers should expect their customers to begin to request copies of their preventive controls plan. And it doesn't stop there. Customers will also need to see and review documentation that shows the plan is being monitored, verified and audited by a third party.
We need to spread the word about the importance of documentation. To put it bluntly, FDA's attitude is going to be that if there's no documentation, it didn't happen. So if an importer and a supplier can't provide documentation that demonstrates the food was produced and further handled in a way that conforms to a preventive controls plan that has been monitored, verified and audited, imports to the U.S. from that supplier will not be allowed.
How to spread the word will be a challenge. Everyone, whether here in the U.S. or abroad, is busy doing what they can to handle the day-to-day challenges of running a business. Some may see information about a new law in the U.S. and think that because they've shipped product here for years without a problem they're already in compliance with U.S. regulations. Others will know they have excellent procedures in place and will simply ignore the messages. But what if those procedures aren't written in English?
It's going to take a combination of broad-based communications from AFI and others and one-on-one communications from U.S. importers to every one of their suppliers. AFI is ready to do its part. We've got the infrastructure in place to continue to spread the word, particularly to our members. I'm also willing to travel abroad to speak before groups such as producer associations to walk them through what's required and what they should expect in terms of customer requests. I'll attend trade shows such as ANUGA and speak to as many suppliers as possible. In short, we'll do whatever it takes to ensure everyone is ready for FSMA.
Why is it so important to spread the word? One reason is simplicity. It will be much easier (and less expensive) to have everything in place and have few or no delays stemming from ignorance of the new law. Another reason is that the food import industry - importers and foreign suppliers - have to work hard to protect the sector's image. We need to work together to continue to keep imports out of the headlines.
AFI lost one of its former chairmen recently. Ernest Mueller of Ludwig Mueller died recently. Ernest was a kind, wonderful man and a great asset to AFI for many years. Our condolences go out to his family and his associates at Ludwig Mueller.
George Gebelein, Orleans Packing Co.
Over the past year, some issues within AFI's Processed Foods Section served as prime examples of how members of an association usually recoup their membership dues and then some.
One instance that comes to mind involves oysters. On May 1, 2012, FDA removed all South Korean certified shippers of fresh and frozen molluscan shellfish (oysters, clams, mussels and scallops) from the Interstate Certified Shellfish Shippers List (ICSSL), following an FDA evaluation that determined the Korean Shellfish Sanitation Program (KSSP) no longer met the sanitation controls spelled out under the U.S. National Shellfish Sanitation Program (NSSP). Imports were halted and product already entered into commerce was recalled by U.S. companies handling fresh and frozen South Korean shellfish.
On May 25, 2012, FDA amended its website’s “Constituent Update” to extend these pronouncements to canned South Korean shellfish. Imports were halted and products already entered into commerce were recalled. Significantly, however, FDA publicly stated there was no public health concern presented by the canned product. This is because the thermal processing and canning of the product would kill any pathogens and, in fact, make it impossible to determine whether the product had been exposed to insanitary conditions prior to its processing.
Some companies within AFI's Processed Foods Section that handle oysters decided to challenge FDA's ruling. In December, FDA notified AFI that after reviewing information submitted by AFI and Korean officials, it was allowing certain Korean canned oysters back on the market. On one hand, FDA maintained its view that canned molluscan shellfish harvested from growing Areas 1 and 2 during 2012 is not fit for human food and should be removed from the market. However, FDA also said it did not intend to restrict the import and/or distribution of canned molluscan shellfish harvested from Areas 1 or 2 prior to 2012 and canned product harvested from Chilcheondo or other areas during any year.
Having an association enabled these companies to work together (at a significant cost savings) to get a favorable result that resulted in millions of dollars of product being allowed back into commerce.
While issues such as the oysters issue were specific to our section, many issues that spread across the industry still have quite an impact on the Processed Foods Section. For example, many products handled by AFI members are duty-free via the Generalized System of Preferences program. The program is designed to help developing countries grow their economies. As with many other government programs, GSP needs to be renewed at certain intervals.
GSP expires July 31. As has been the case several times already, it's expected the program will lapse before Congress acts to renew it. AFI will keep members informed of all developments and will participate in efforts to encourage its renewal.
Speaking of duties, AFI continues to be behind the only food items among the thousands of products on the Miscellaneous Tariff Bill. Through AFI’s efforts, duty eliminations and reductions have been achieved on items such as processed artichokes, pepperoncini, capers and oysters. The process can be tedious and is far from perfect but AFI will continue to take advantage of the opportunity to get some relief for its members. Right now, the duty suspensions are on hold. Our legal counsel has told us everything is in place to get the MTB passed. It's just a matter of Congress taking up the issue. We're hopeful that will happen shortly. As in the past, we expect the renewal to be effective on a retroactive basis.
As noted elsewhere in this publication, implementation of the Food Safety Modernization Act is probably the biggest issue facing the food industry today. For some, it will serve as a wake-up call that food safety is not an option and steps are needed to ensure safety measures are continually followed. For many others, they will find their food safety procedures meet or exceed what is being required. One note of caution. One common theme throughout the FSMA rules will be documentation. It will be imperative that producers, whether based in the U.S. or elsewhere, have written proof that a food safety plan exists and that steps are being taken to ensure the plan is followed and updated as needed. Importers, we are going to have to be able to provide this documentation, if requested. Though the various rules won't go into effect for some time yet, everyone should begin to take steps, if they haven't already, to ensure they have the appropriate documentation.
Troy Johnson, MWT Foods USA
Fortunately, it's been a relatively quiet year for AFI’s Nut & Agricultural Products Section. Arbitrations are down, no emergency-type situations have arisen, it's all been pretty good. That's probably the best time for us to take a look at ourselves and see what improvements we can make to better be able to address any issues that arise or resurface in the months or years to come.
To that end, I'm going to suggest at our section's annual meeting at the 2013 AFI Convention that we set up one or more task forces to review AFI's product standards. Time and effort were spent by people within the organization in years past to develop and update standards for cashews, Turkish dried apricots, shelled hazelnuts and shelled Brazil nuts. We need to ensure those standards reflect today's realities and owe it to ourselves and the industry to revisit them on occasion. What type of changes are typically made? Here’s the information on the two most-recent cashew standard updates, made two years ago:
The definition for adhering testa has been changed to:
ADHERING TESTA – Testa is the natural integument of the cashew seed. Kernels are scored as affected by adhering testa when a surface area greater than 2mm in aggregate is affected; provided, that not more than 1/16 of the surface of a whole or equivalent, or 1/8 of a split or butt, in aggregate, are damaged by adhering testa; in which case, the affected kernels shall be scored as “seriously damaged” by adhering testa.”
In Table 1, the tolerances was be changed to:
Maximum of 3% of by weight for testa greater than 2mm in aggregate, but not more than 1.5% seriously damaged by adhering testa.
Footnote 3 was be changed to:
Maximum of 3% by weight for testa greater than 2mm in aggregate, but not more than 1.5% seriously damaged by adhering testa.
The other change:
Under the heading “Quality and Grading,” a description for “Lightly Blemished Pieces (LP)” was added below the one for Lightly Blemished Wholes, as follows:
Lightly Blemished Pieces (LP) cashew pieces may be light brown, light ivory, light ash-grey or deep ivory. Pieces may show light brown speckles or blemishes on the surface, provided that not more than 20 percent of the pieces are affected.
Correspondingly, the grade name in Table 1 was changed from “Vietnam LP” to “Lightly Blemished Pieces” with the tolerances for Third Quality Special Scorched repeated and “(20% light brown speckled)” noted. The size is the same as for LWP as indicated in Table 3.
The complete versions of all AFI standards can be found on the AFI website at www.afius.org.
Though I mentioned the number of arbitration demands is down, it still remains an area on which we must continue to focus. Arbitrations provide a quick, fair, inexpensive forum in which trade disputes can be resolved. Though none of us wants to be involved in or even hear about trade disputes within our industry, the fact of the matter is that they do occur. We have a distinct advantage over most other industries in that we have a dispute resolution mechanism readily available us. Since AFI’s founding in 1906, its arbitration service has been one of its most important services. I encourage members to include the AFI arbitration clause on all contracts and to familiarize themselves with the arbitration process and rules. All of the information is available at www.afius.org.
While most companies see the long-term benefit of honoring an award that doesn't go in their favor, there are, unfortunately, some companies that choose not to honor that award. AFI has a list of companies that have not satisfied AFI arbitration awards. That list, which is on the AFI website, is shared with other trade associations and with the trade in general. Members should be certain to alert AFI of any companies that should be added to the list. Buyers and sellers should refer to the list on a regular basis so they’re familiar with the names of the companies on the list. The association is continually looking into ways to enhance the ability of arbitration winners to collect their awards. The association's bylaws also contain a clause that says failure to honor an arbitration award is grounds for a company to be expelled from the association.
Here's hoping the number of arbitrations continues to shrink and that in this space next year I'm able to write only about the progress we've made in reviewing and updating the various AFI standards.
Source: Excepted from www.afius.org
Thứ Năm, 9 tháng 1, 2014
Thứ Tư, 8 tháng 1, 2014
Thứ Ba, 7 tháng 1, 2014
|JAN 8, 2014|
FOB prices in Week 02 : W240 US$ 3.75 to 3.90 W320 US$ 3.30 to 3.45 W450 US$ 3.00 to 3.10 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$ 2.25 to 2.35 Large Pieces US$ 1.55 to 1.65
Cashew market has been extremely quiet during Dec 2013. There were stray sales to the traditional markets. As usual, there were regular sales to emerging markets which normally buy for prompt / nearby shipments. In the last two weeks, Indian domestic market has moved up a bit especially for Splits, Pieces and large Wholes. During the last two weeks (end of 2013 + beginning of 2014), the range of offers has been 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. There was not much activity in the RCN market as traders are quoting very high prices for the limited quantities available. Range of offers was US$ 1000-1200 for West Africa (2013 crop), US$ 1250 to 1350 for Indonesia, US$ 1200 to 1300 for Mozambique and US$ 1425-1450 for Tanzania CDJKL. Outlook for 2014 Northern crop (over 75% of World production) is good so far. There is no adverse news from any origin about the weather. It is possible that some regions may start harvesting earlier than normal – a better picture will be available by mid Feb. It will be interesting to see “on the ground“ impact of the changes in regulations in IVC (the biggest producer in Africa). All reports indicate that there was reasonable growth in cashew usage in all markets during 2013. Roaster and retailer interest in Cashews is increasing – specially because prices are lower than other treenuts and last two years have seen prices moving in a narrow range. It would be reasonable to expect similar stable prices and steady growth in usage during 2014 (unless there is big drop in availability). The periodic small dips and spikes are actually good for everyone – they ensure that nobody becomes complacent !! Due to the dull kernel market (not much activity for more than 6 weeks) and the very high RCN prices (about 10% higher than the kernel parity), many processors are running out of inventory or reducing processing to make inventory last longer. This could lead to a short period of time when some kernel grades will be difficult to get for nearby / prompt shipments. The reduced RCN buying in the last two months could also result in a rush to buy the 2014 crop (specially if there is any large kernel buying in the next few weeks) leading to contuation of high prices. If the kernel market continues to be quiet in Jan/Feb, there will be no “irrational exuberance“ and RCN traders will reduce their prices for the 2013 crop to be able to replace with the 2014 crop when harvest starts. And this will keep prices within reasonable range. To end the first report for 2014, a quick look at the challenges for the industry - which also present opportunities. These are implementing strategies for steady growth in production, improving processing efficiencies, ensuring quality & safety, finding new uses (especially for brokens) and increasing awareness of benefits of cashew. All this will result in sustained interest in the product + healthy growth for all links in the chain. Best wishes to all in the very interesting and fascinating NUTS WORLD for a happy, healthy, successful 2014 Pankaj N. Sampat | SAMSONS TRADERS