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

Cashew prices rise on buying support


Monday, January 27, 2014

Cashew prices rose by Rs 5 per kg in the national capital today on increased buying by retailers and stockists to meet rising domestic demand. Paucity of stocks following 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 895-905, Rs 795-805 Rs 665-675 and Rs 565-605 per kg, respectively. Marketmen said increased buying by retailers and stockists against tight supplies from growing regions mainly pushed up cashew prices.

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

Almond (California) Rs 18,500 Almond (Gurbandi-new) Rs 8,000-8,300; Almond (Girdhi) Rs 4,200-4,500; Abjosh Afghani Rs 8,000-22,000. Almond Kernel (California-new) Rs 650-675 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.


Kerala: Green finance scheme for industries


25 Jan 2014

With a focus on promoting green industries as per the government's new policy, the 12th Kerala Budget has set aside Rs 639.40 crore for various industries, which also includes one-time central grant of Rs 23.44 crore.To encourage environment-friendly industries, the government will launch a Rs 100-crore 'green finance scheme' for which Rs 10 crore has been allotted initially. 

Thrust will be on developing traditional industries, handicrafts and industrial parks with investment promotion activities.In order to ensure more working days for cashew workers, the Cashew development Corporation and Capex will get Rs 28 crore and Rs 18 crore, respectively.

Source: The Times of India

Thứ Sáu, 24 tháng 1, 2014

Profit Booking is Due to Timely Arrival of New Crop

 January 24th, 2014

Indian processors are not interested in any kind of temporary rise in kernel prices as domestic harvest looks very bright in the most important Western Coastal region.

Situation seems to be same in Vietnam, Nigeria, Benin, Ghana and Ivory Coast.
Market expects a good harvest in February and March.
Premium grading W320 is trading around Rs6000/11.340 kg and Jumbo Half around Rs5300/11.340 kg.

But Goa based processors have local retail sales at much higher prices. 
Source: World Cashew

Thứ Năm, 23 tháng 1, 2014

Brazilian cashew nuts and World Cup go well together


Wed Jan 22, 2014

Cashew producers from the Brazilian northeastern state of Piauí believe that the World Cup being hosted by Brazil this year is a great opportunity to sell cashew nuts. The Cashew Producers Cooperative Central of the State of Piauí (Cocajupi) was selected and is preparing to supply hotels, restaurants, supermarkets and tourist attractions in the cities where matches will be played. President of Cocajupi, Jocibel Belchior, is optimistic about these sales.



“Our product has good presentation, the people coming for the World Cup have a higher purchasing power, and will want a good quality product,” states Belchior. He believes that supplying the product to tourists during the World Cup may even open opportunities for exports. Among the tourists, he believes, could be people interested in trade. “They are coming to see what Brazil has to offer,” says the president.

Cocajupi was selected by the project Talents of Rural Brazil, whose objective is to insert products and services from family agriculture in the tourist market. The cooperative is being trained by the Brazilian Micro and Small Business Support Service (Sebrae). According to Belchior, they have already been visited by a Sebrae technician, who is now preparing a report on the points that need to be improved to better serve tourists.

Participating in this project, however, does not guarantee World Cup clients for Cocajupi. The cooperative will have to work hard to enter the market in the competition’s hosting cities. It will also participate in initiatives which will put them in contact with entrepreneurs in the tourism sector, such as the business roundtables at Equipotel and Salăo do Turismo, two trade fairs taking place this year. Both events, however, take place after the World Cup Games.

The cashew producers sell packaged cashew nuts under the brand name Cocajupi. Packets vary from 50 grams to 22.68 kilos. The production is in the hands of 450 cooperative members, from ten cities in Piauí, which are part of nine cooperatives in the state. Cocajupi, whose headquarters is in the city of Picos, is the central cooperative, also responsible for selling the products.

Great part of the cashews nuts is sold to the foreign market. Last year, the central cooperative shipped 20 tons to Italy. This year, it should export another 20.5 tons. In 2013, Cocajupi only produced between 25 and 30 tons due to the drought that affected the region. The drought also affected production in 2012. “We lost about 85% of the harvest,” says Belchior. With this, use of the production capacity was at around 20%.

Cocajupi was founded in 2005 and started operating in 2007. It is certified to work in fair trade, where it found a way to make business viable. The cooperative’s president explains that because initially production was mainly manual, it was not feasible to sell out of fair trade, as prices would not cover the production costs.

A company that is fair trade certified means that it complies with ecological and economic sustainability standards, and the entrepreneur receives more for the product. Cocajupi has now modernized their operations and is better equipped to compete in the traditional market.

Source: http://www2.anba.com.br/noticia/21862399/business-opportunities/brazilian-cashew-nuts-and-world-cup-go-well-together/

Thứ Tư, 22 tháng 1, 2014

Jharkhand Cashew production area has increased


January 21, 2014



Cashew is produced in 17 districts now and its production area has increased to 17,000 hectares in 2012-13 as compared to 3,000 hectares in 2010 when the crop is cultivated in three districts. There are processing units for the cash crop which have helped farmers earn more."The topography of the state is suitable for cashew production. But earlier, farmers used to have problems due to lack of proper guidance. Once they were trained under the State Horticulture Mission, production improved and with installation of three cashew nut processing units, farmers who used to earn Rs 15 per kg are now earning around Rs 75-85," said Prabhakar Singh, director of state horticulture.

Source: http://timesofindia.indiatimes.com

India: cashew exports walking up to a new peak


Tue Jan 21, 2014

Indian cashew exports are inching closer to a new peak of ` 4,500 crore in the current fiscal. The shipments for the ninemonth period ended December 2013 have shown 16% rise in quantity and as much as 24% increase in value with rupee value falling during the year. India exported 90,244 ton valued at ` 3,764 crore in these nine months.



Looking at the earlier trend in the year, the industry was hopeful of achieving` 5,000-crore export for the year. But the sharp rise in imported raw cashew nut prices from East Africa has thrown a spanner in the works.

Consequently, exporters feel it may surpass last year's ` 4,420 crore but could fall short of ` 5,000 crore. "In volumes, we will cross 1.20 lakh ton. The last time we did that was two years ago, when the export quantity went up to 1.30 lakh ton. But the worrying factor is that carryover stock is depleted and the Tanzanian raw cashew nut prices have gone up considerably," said Hari Krishnan R Nair, a major exporter and former chairman of Cashew Export Promotion Council of India. When the raw nuts were coming from West Africa, the prices were lower. But India had to compete with Vietnam, which purchased large quantity of nuts for processing.

However, Indian exporters were helped by the fact that the domestic production was better. The Indian raw cashew output, which used to range between 6-7 lakh ton went up to 7.28 lakh ton in 2012-13.

Thứ Sáu, 17 tháng 1, 2014

Election Mood Lifts Indian Cashew Kernel

January 17th, 2014

Indirect campaigning is gathering momentum for the Indian general elections 2014. According to market analysts, spending on these elections will surpass all previous records.

Kernel wholesalers are trying to accumulate stockpiles in W320, Splits and Large Pieces.

But the price of premium grading W320 is Rs6250/Tin/11.340 kg/Goa-Mangalore and Jumbo Half is now around Rs5600/Tin/11.340 kg/Goa-Mangalore.
Source: World Cashew

Thứ Năm, 16 tháng 1, 2014

India: Cashew kernel exports rise 16% in 3 quarters

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.

Source: http://www.business-standard.com

Thứ Tư, 15 tháng 1, 2014

New Crop Arrivals in Kerala may Begin in the First Week of February

Jan. 15, 2014
New crop arrivals in Kerala may begin in the first week of February but the actual season may not start till the month end.

Weather conditions are favorable for a bumper first crop in Kerala, Karnataka, Goa and Maharashtra.
Kernel prices are increasing in the W320 category but there is no such buying activity in other ( higher or lower) grades.
Source: World cashew

Chủ Nhật, 12 tháng 1, 2014

AFI's USA report 2013

Dec. 31, 2013
Excepted from www.afius.org






2013 AFI U.S. Food Import Industry Annual Report
Click here for full list of articles


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. 






AFI President’s Report
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.




Processed Foods Section
Annual Report
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.



Nut & Agricultural Products Section
Annual Report
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


ACA Seal and the I SEAL Alliance

18 December, 2013 

by: Miriam Gyamfi, ACA Seal Marketing Coordinator
The ISEAL Alliance is a non-governmental organization whose mission is to strengthen sustainability standards systems for the benefit of people and the environment. They do that by developing codes for standard setting; they would for example evaluate the ACA Quality and Sustainability Seal and advise on the robustness of the system in terms of internal governance and monitoring, evaluation and control mechanisms. Reputable NGO’s and standard setting organizations as Fair Trade, the Rainforest Alliance or UTZ are members of the organization.
In early 2013, the ACA started to assess ISEAL membership, in an effort to further develop the scope of the ACA Quality and Sustainability Seal. The ACA Seal which is currently fully incorporating HACCP requirements into its food safety management procedures is striving to be equivalent to ISO 22,000 by the end of 2015. Being part of the ISEAL Alliance is a big step in the right direction on that road. ISEAL has developed very detailed codes on how to make any standard setting system not only effective with regards to its own objectives, but also compliant with international social and environmental regulations to guarantee comprehensive sustainability.
Since June 2013, when the ACA Seal now became a subscriber to the ISEAL Alliance, it has been making use of tutorials and other online lessons on standard development. Slowly but steadily, the ACA Quality and Sustainability Seal is integrating the necessary best practices as promoted by the ISEAL Alliance into its standards, becoming more and more a comprehensive and sustainable food safety and quality standard for not only African but also international cashew processing industries.  

Source: ACA

ACA's Africa Highlights of 2013

18 December, 2013

The year 2013 was filled with great moments for the African Cashew Alliance. It was very difficult to pick our favorite ones!

January

Condor Nuts signs on for ACA Seal, expanding program in East Africa. They joined Southern Jumbo Cashew, the first East African processor to begin the ACA Seal program.
Miriam Gyamfi was hired as the Marketing and Conference Coordinator. 

February  

Newly formed Guinea Cashew Alliance (Alliance Guinéenne de l’Acajou – AGA) signs partnership agreement with ACA to promote a sustainable cashew industry in Guinea.  Mr. Sidikiba of AGA remarks that the overriding vision of the new organization is “Promoting a cashew nut industry in Guinea, beneficial for all, from the producer to the consumer, along the value chain from the pitchfork to the fork”.
Tolaro Global reapproved for the ACA Quality and Sustainability Seal
In February 2012, Tolaro Global became the first ever ACA Seal-approved processor. This February, it reached another milestone by becoming the first ACA Seal-approved processor to be re-approved. This re-approval re-affirmed Tolaro Global's status as a processing facility that successfully implements all 14 Food Safety and Quality procedures, ensuring a high quality output of kernels.

March

ACA to conduct Cashew Processing Factory Feasibility Study for Tanzania Investment Bank
ACA entered into an agreement with the Tanzania Investment Bank, after being awarded a contract to produce a Feasibility Study and Business Plan for a cashew-processing factory near Newala, Tanzania. The factory, owned by Tandahimba-Newala Cooperative Union (TANECU), would process nuts from over 80,000 farmers represented by TANECU.

April

ACA Awarded $1.2M USAID Grant!
ACA received finalGDA partners at the INC Conference in Barcelona, May 2013confirmation that is has been awarded a USAID Global Development Alliance grant of over $1.2 M. The funds will support a two-year program entitled “Leveraging Cashew Business for Poverty Reduction.” Improving rural livelihoods by increasing the competitiveness of cashew processing in West Africa is the primary goal of the program. Activities under the grant will leverage the expertise and financial support of several partner organizations, including Kraft Foods, Intersnack, Olam, and Red River Foods. Receiving this award is a huge achievement for ACA, and will enable expansion of the Seal program, growth in volumes of raw cashew processed in the region, and improved market access for African stakeholders.  Within the two-year time span of the project, ACA’s work is expected to result in additional income of $10M for rural communities and create 3,200 new jobs in the cashew industry. 
Peter Kojo Nyarko joined the team on the 2nd of April 2013, as the ACA Seal Coordinator.
Olivier Kabré joined the team on the 3rd of April, 2013 as the ACA’s MIS and Monitoring Coordinator.

May

Anatrans Sarl Officially Awarded ACA Quality and Sustainability Seal
On May 17, 2013, Anatrans, located in Burkina Faso, became the third company to be officially certified under the ACA Quality and Sustainability Seal Program.
Jungle Nuts is the fourth processor to be awarded the ACA Seal
Jungle Nuts, a cashew processor located in Thika, Kenya, was the 4th ACA member to be ACA Seal approved. Jungle Nuts, owned by Patrick Wainaina, ACA Executive Committee member, was the first factory to be ACA Seal certified during its initial assessment, as well as the first Seal-approved company in East Africa.

June

Lights, Camera, CASHEW! ACA produces film to promote the African cashew industry
The film, shot during the month of June, dispalys how the processing industry adds value through job creation, foreign investment, and services. The film is a tribute to the work ACA has done, with the support of its many donors and partner organizations.

July

ACA excels at U.S sponsored Aid forTrade Side Event
Georgette Taraf, ACA President, Partheeban Theodore, Advisory Board member and Vice President & Head of Export Operations at Olam Internation, and Arie Endendijk, Managing Director of Intersnack Procurement at Intersnack Group, represented the ACA at a U.S. sponsored event in Geneva, Switzerland.  The event was part of the WTO’s 4thReview of Aid for Trade.

August

A Change in Leadership – Continuation of a Vision
The ACA bid farewell to long-time Managing Director, Christian Dahm.  When Christian began his work at ACA in 2008, the organization was in its infancy as a project under the wing of the USAID-West Africa Trade Hub. With the support of several mentors in Ghana and the cashew industry as a whole, Christian soon became a cashew expert in his own right. With his business acumen, development experience, international background, and infectious motivation, Christian helped catalyze what will undoubtedly be heralded as a new era in the African cashew industry – the emergence of quality cashew, grown and processed in Africa, onto the international market.
The African Cashew Alliance welcomed Roger T. Brou as the new Managing Director.  Brou joined the team after years of experience in agribusiness project finance and bank-to-bank finance, and previously worked for the West Africa Trade Hub as the Business & Finance Director.

September 

The ACA World Cashew Festival and Expo 2013 brings together over 350 in Accra, Ghana
From the 16-19th of September over 350 representatives from the cashew industry gathered together in Accra, Ghana to build new partnerships and exchange knowledge about the cashew industry.  The event was ACA’s 8th annual conference and it served to once again strengthen the African cashew industry through knowledge sharing and market linkages. It was announced that next year’s annual ACA conference will be held in Kenya, bringing it to East Africa after a couple of years in the Western region of the continent.
Another Factory Joins ACA’s Elite
Equatorial Nut Processors, located in Muranga, Kenya, became the  5th  Kernel Processor in Africa to be ACA SEAL approved and the second Factory in East Africa to receive approval .

October

ACA SEAL: Pioneering uncharted Waters
The  the ACA SEAL team,  made  up of Kojo Nyarko (SEAL Coordinator) and Jim Giles (Food Safety and Quality expert) conducted a pilot  audit  of a SEAL   approved factory  with a food safety Systems  auditor  from  Bureau Veritas Kenya. The objective of this exercise was to benchmark and improve the ACA seal procedures with regards to ISO 22000 ( ISO Standard for food Safety).  This Pilot audit was the first step in the development of future collaboration with Bureau Veritas on the ACA SEAL program  for Cashew Kernel Processors. 
Madame Taraf Honored as one of Africa's Most Influential Women in Business and Government
Madame Taraf was selected as a finalist in the agriculture category for her work in the cashew industry in Benin and with the African Cashew Alliance.  She was then chosen as one of five winners for the agriculture category on the continent, the only one representing her home country of Benin.  Even among an elite group of women working in Agriculture throughout Africa, Madame Taraf shined, eventually receiving the Agriculture award for the entire continent.

November

Second Re-approval of the ACA Seal
Mim Cashew and Agricultural Products, Ltd. (MCAP), located in Mim, Ghana is the second ACA Seal RE-approved processor.  MCAP was able to demonstrate compliance with the ACA SEAL standards, therefore the facility retained their status of being ACA SEAL approved.

December

Cajou Espoir Meets Seal Standards
Located  at Tchamba Togo, Cajou Espoir has been  blazing  the trail  for Cashew  processing  in Togo, in terms of Quality and Processing  capacity expansion. Cajou Espoir demonstrated enough evidence to indicate their compliance to the SEAL standards , confirming their  place amongst  an  elite group of SEAL  approved factories  on the African continent . They join this group as the 6th ACA Seal approved processor.


Source: ACA

A Rise in Cashew Processing on the Horizon in Tanzania

18 December, 2013 

Sector and Government agencies in Tanzania are shifting their focus to cashew processing as an industry with great economic potential.  Currently, Tanzania produces over 150,000 TPA of RCN, however the current installed processing capacity is less than 20% of this annual crop.  Various stakeholders in the country are taking action to change this deficit in processing capacity in order to meet the country’s large RCN production.  In early November,the Agriculture Non-State Actors’ Forum (ANSAF), in collaboration with other agencies, organized an Investors Conference in the country which promoted  cashew processing.  ACA Managing Director Roger Brou and ACA Business Advisor Sunil Dahiya attended the two day conference and met with a number of stakeholders throughout.  Additionally, Brou and Dahiya presented ACA and its activities to conference participants during a conference session. ACA MD Roger Brou stated that “the 2 day conference shed some light on the status of the current situation of the cashew value chain in the largest producing country in East Africa” and was “a great opportunity for the ACA Team to meet and greet a number of private sector companies as well as sector associations for further collaboration on the ground”.
In another effort to increase cashew processing in Tanzania, the Tanzanian Investment Bank (TIB) has shown great interest in supporting TANECU, one of the largest and organized farmer co-operative unions, in establishing a cashew processing unit in Southern Tanzania.  TIB approached the African Cashew Alliance in March 2013 for technical advisory as they work towards building a facility and ACA agreed to assist on feasibility assessments and business planning for the venture. TIB aims to finance a facility with 15,000-35,000 TPA processing capacity, which will be developed by TANECU.
From the 9th-11th of December, ACA’s Business Advisor, Sunil Dahiya, visited Southern Tanzania with Brazilian Industry Expert, Sebastiao Ricardo Fonteles Castro to collect inputs and information for an Environmental Analysis and Project Feasibility Study.  This Study comes as part of the agreement that ACA signed with the Tanzania Investment Bank (TIB). During their visit, Dahiya and Castro interviewed several key cashew sector agencies and visited the potential sites for the upcoming cashew processing facility. This cashew factory, owned by TANECU, would process nuts from over 80,000 farmers represented by TANECU. ACA has already delivered a Market Analysis to TIB and will be delivering the Environmental Analysis and feasibility study by early February, 2014. These studies will assist TIB in its review of the working capital requirements, performance risk analysis, technology needs, and financial projections for the project. Based on the proposed processing capacity of the facility, the fully operational factory could provide up to 1,000 jobs.
Source: ACA

Vietnam sets eyes on Indian cashew kernel market


Mahesh Kulkarni  |  Chennai/ Bangalore  


Four years ago, India lost its top position in the international cashew kernel export market to Vietnam. After establishing itself as a leading exporter, Vietnam is now eyeing the Indian market.

Vietnam exports about 160,000 tonnes of , of which the broken and splits varieties account for about 25 per cent. It is the largest exporter of kernels to the US.
Though India has imported major quantities of raw cashew nuts for many years and cashew kernels in small quantities through the last four years, this financial year, it has, for the first time, imported processed cashew nuts in large quantities. “We have been importing kernels in small quantities. For the last two years, we have imported a sizeable quantity. This year, imports have been considerably higher,” said , secretary general, Cashew Export Promotion Council of India ().
In the first eight months of this financial year, India imported 3,245 tonnes of cashew kernel (worth Rs 53 crore), at an average of Rs 163.38 a kg. The majority of the imports were from Vietnam. In November 2012, India imported 298 tonnes of cashew kernel for Rs 5.82 crore, at an average of Rs 195 a kg. Domestically-processed cashew kernel is priced at Rs 480-Rs 500 a kg.
During 2011-12, India imported about 5,000 tonnes of cashew kernel.
“At this stage, compared to our exports, imports are minuscule. But this indicates the growing consumption by households and industrial users in India. Confectioners, ice-cream makers, restaurants, caterers, sweet marts, etc, have started using broken kernels in a big way,” said , managing partner, Achal Cashews, a Mangalore-based exporter. He said there was no domestic market in Vietnam and the US didn’t import broken pieces. Therefore, it was trying to export its broken variety to India, he added.
According to CEPCI, cashew kernels were being imported in the guise of cattle feed. Importers were evading import duties and even if they were paying these, it was in negligible sums. This was because the importers were stating an average purchase price of Rs 125 a kg. The government had imposed 35 per cent import duty on cashew kernels and this had hit the domestic industry, said Walter D’Souza, former chairman, CEPCI.
India produces about 650,000 tonnes of raw cashew nuts and imports 700,000 tonnes, to be processed into cashew kernels. In 2011-12, India exported 131,760 tonnes of kernels for Rs 4,390 crore. Domestic consumption is estimated at 150,000 tonnes (about Rs 5,000 crore).

Thứ Năm, 9 tháng 1, 2014

India: Cashew exports value rises 25% in H1


Cashew kernel exports are likely to be higher during the current financial year with shipments in the first half increasing 18 per cent in volume and 25 per cent in value.

Exports increased as cashew usage grew world over and its prices were lower than other tree nuts, according to sources. Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) told Business Line that during April-November 2013, total shipments were 80,196 tonnes valued at Rs 3,346.14 crore at a unit value of Rs 417.24 a kg.
Against this, exports during the same period a year ago were 67,771 tonnes valued at Rs 2,673.39 crore at the unit value of Rs 394.47 a kg.
He said imports of raw nuts in April-November this fiscal were lower at 6,28,224 tonnes valued at Rs 3,439.79 crore at the unit value of Rs 54.75 a kg. (6,97,235 tonnes valued at Rs 4,133.17 crore at the unit value of Rs 59.28 a kg).
Due to the market being dull for kernel in the last two month and high raw cashew nut prices, about 10 per cent higher than the kernel parity, many processors have run out of stocks or cut processing so that stocks last longer.
Lower raw cashew buying in the last two months could also result in a rush to buy the 2014 crop, especially if there is any large kernel buying in the next few weeks. This could lead prices continuing to rule high.
Range of offers were $1,000-1,200 a tonne for West Africa (2013 crop); $1,250-1,350 for Indonesia; $1,200-1,300 for Mozambique and $1,425-1,450 for Tanzania.
The Northern crop, which constitutes over 75 per cent of the world production, is good this year.
G. K. NAIR

Mozambique’s Zambézia province sells 10,000 tons of cashew nuts


Wednesday, January 08, 2014

Mozambique’s Zambézia province is this season expected to put 10,000 tons of cashew nuts up for sale. This level of production is lower than the 18,000 tons the province sold in 2006. The drop is due to changes in climate and a lack of appropriate management of the plants.



Zambézia province currently has over 16,000 cashew producers. Government officials said that the sale of 10,000 tons of cashew nuts was lower than real production levels as many sales were made outside normal sales channels. The Zambézia provincial director for agriculture, Ilídio Bande said that the districts of Gilé, Pebane, Maganja da Costa, the biggest cashew producers, would contribute 80 percent of the cashews sold.

Source:http://www.macauhub.com.mo

Thứ Tư, 8 tháng 1, 2014

India: cashew declines on subdued demand


January 8, 2014

Cashew prices fell by Rs 5 per kg in the national capital today on the back of subdued demand from retailers and stockists.Sufficient stocks position following increased arrivals from producing belts also weighed on cashew prices.Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 900-910, Rs 800-810, Rs 670-680 and Rs 570-610 per kg, respectively.Marketmen said fall in demand from retailers and stockists amid adequate stocks, mainly led to fall in cashew kernel prices at the wholesale dry fruit market here.



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

Almond (California) Rs 18,100, 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 620-650 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.

Press Trust of India  |  New Delhi

Thứ Ba, 7 tháng 1, 2014

SAMSON'S CASHEW MARKET REPORT - JAN 8, 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