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, 31 tháng 3, 2014

SAMSON'S CASHEW MARKET REPORT - MAR 31, 2014

MAR 31, 2014

FOB prices in Week 13  :

W240          US$ 3.60 to 3.75
W320          US$ 3.15 to 3.30
W450          US$ 2.95 to 3.05
SW320        US$ 2.95 to 3.05
SW360        US$ 2.75 to 2.90
SSW           US$ 2.40 to 2.55
Butts          US$ 2.50 to 2.60
Splits                  US$ 2.40 to 2.50
Large Pieces US$ 1.65 to 1.75




Cashew prices – kernels and RCN – came down during Feb.  There was reasonable activity in kernels and good activity in RCN during March. At the end of the month, market was steady   and there was not much selling interest at lower level of the range seen in the first quarter.  Indian domestic market has also been steady in a narrow range with periodic bursts of activity.

During week 13, range of offers for second quarter was W240 from 3.60 to 3.75,  W320 from 3.15 to 3.30,  W450 and SW320 from 2.95 to 3.05,  SW360 from 2.75 to 2.90,  SSW from 2.45 to 2.55, Splits from 2.40 to 2.55, Pieces from 1.65 to 1.75 FOB. Offers for second half were few cents higher.

After decline during February, RCN prices have moved up slightly in the last two weeks.  Current prices are around 850 to 875 C&F for Nigeria, 950 to 975 C&F for IVC, 1075 to 1100 C&F for Ghana and around 1150 C&F for Benin. These prices are 10 to 15% higher than same time last year (whereas kernel prices are 3 to 5% lower).  Such disparity cannot be sustained – something has to change.

Shipments of West Africa RCN have started. During April, we will see whether flow from IVC will be smooth despite the movement restrictions.  Also, the impact of the minimum procurement price in IVC.  Initial reports indicate that efforts to enforce quality standards are bearing fruit – if these translate into better realisation for the growers / collectors and are implemented on a continuous basis in all African countries, that would help to reduce inefficiencies in the supply chain.

As we move into the second quarter of the year – peak of the RCN collection season - some points to be kept in mind :

1)    Processing which had gone down in the first quarter due to the huge disparity in prices should pick up pace in second quarter but the pick up is likely to be slow as there is still some disparity despite the reduction in RCN prices

2)    If the RCN prices do not come down during April, shellers will find it difficult to continue buying unless kernel activity picks up and prices move up to the higher end of the 2 year range

3)    The kernel market has been moving around 3.25 – plus or minus 5% - for almost two years.  During this period prices of all other treenuts have moved up and are higher than 2-3 year average.

4)    The stability in prices has meant continuance of the trend for regular buying of smaller volumes for shorter spreads. Buyers do not see the need to take cover for longer periods.  Complacency has set in and this could prove dangerous.


In our opinion, downside from current levels is limited – at the same time, there is no reason to expect a big jump in prices. BUT, a reasonable and gradual price increase in second half of the year is definitely possible unless the RCN prices come down significantly in Apr/May. Decline in RCN prices after May will not have any major impact because that will be accompanied by decline in kernel yields.

To repeat what we said in our last report :

If the RCN prices come down a bit, kernel prices will remain in the current range.  If RCN prices come down significantly, kernel prices could come down a bit from the current range.

If there is any strong kernel demand from USA and / or EU during the next 4 to 6 weeks, kernel prices will move up a bit from current levels and the RCN prices will not come down.


Pankaj N. Sampat | SAMSONS TRADERS

India: Revolutionary Socialist Party (India) Nominee Woos Cashew Workers

31st March 2014

The pilot vehicle announces the arrival of UDF candidate N K Premachandran. Clad in blue shirt and cream handloom dhoti, Premachandran descends from the open chariot to meet the 50-odd women cashew workers gathered there. People swarm near the vehicle to drape him with plastic garlands. The announcer attempts to add zing to his description of the candidate, but the woman listeners stood impassive, eagerly waiting for the candidate to speak.  Premachandran, who had successfully contested twice from the Kollam LS constituency and once from Chavara Assembly seat, began elaborating on his plans for the cashew workers who form a sizeable portion of the electorate. “If elected, I assure you a timely revision of your wages in six months, besides a comprehensive rehabilitation package. If a cashew worker dies, efforts would be  made to allot pension to the dependents.   



Source: http://www.newindianexpress.com/states/kerala/RSP-Nominee-Woos-Cashew-Workers/2014/03/31/article2140898.ece#.UzknQ_l_tpw

Cashew prices remain weak on subdued demand

MARCH 30, 2014

Cashew prices fell further by Rs 10 per kg in the national capital today largely due to subdued demand from retailers and stockists amid adequate stocks. 
Fresh arrivals from producing belts also put pressure on the cashew prices. 
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 10 each to settled at Rs 870-880, Rs 770-780, Rs 650-655 and Rs 540-580 per kg, respectively. 

Marketmen said fall in demand from retailers and stockists amid adequate stocks, mainly led to fall in cashew kernel prices on the wholesale dry fruit market here. 
The following were today's quotations (per 40 kg): 
Almond (California) Rs 17,800 Almond (Gurbandi-new) Rs 7,900-8,100; Almond (Girdhi) Rs 4,400-4,700; Abjosh Afghani Rs 8,000-22,000. 
Almond Kernel (California-new) Rs 620-640 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.
Source: Business Standard

Thứ Năm, 27 tháng 3, 2014

India: Cashew kernel exports jump 17% in 11 months of FY14


Wed Mar 26, 2014

Cashing in on the depreciation in rupee value against the dollar, India's cashew kernel exports have recorded 17% rise in volume and 27% in value terms during the first 11 months of the current fiscal. For the period between April 2013 and February 2014, cashew kernel exports touched 109,958 metric tons compared to 93,841 metric tons in the same period last year.



The value of exports in rupee terms has gone up 27% to ` 4,624.35 crore as against ` 3,649.50 crore in the corresponding period last year. In dollar terms, the export earnings increased 14% to $765 million compared to $671 million in the year ago period, according to data available with Cashew Export Promotion Council of India (CEPCI). The unit value realisation was moderately higher by 8.22% to ` 420.56 per kg compared to ` 388.90 per kg in the year ago period.

However, in the month of February, exports were lower at 7,009 metric tons as against 7,972 metric tons in the same month last year, showing a decline of 12%. The value of exports in dollar terms also went down 8.78% to $50.67 million against $55.55 million in the year ago period. In rupee terms, the export earnings in February 2014 were marginally higher at ` 315 crore from ` 299 crore last year. With just one week remaining for the financial year to end, the cashew kernel exports are likely to register an all time high in value terms this year.

In value terms, the exporters have already surpassed last year's earnings of ` 4,046 crore, in the first 11 months of the current fiscal. In volume terms, the exports are almost near the last year's level of 110,306 ton. During the current year, exports of roasted and salted kernels went up 6.37% to 1,718 metric tons compared to 1,615 metric tons last year. For the first 11 months ended February 2014, the cashew processing units imported 732,478 metric tons of raw cashew nuts, a decline of 14% over the same period last year. Between April 2012 and February 2013, India had exported 852,183 metric tons of raw cashew nuts. In value terms, importers paid out ` 4,246.37 crore, about 16.5% lower than last year. In 2012-13, the cost of imported nuts amounted to `5,084.98 crore.

The average unit value of imported nuts was ` 57.97 per kg, about 2.85% lower than the previous year. India requires an estimated 1.5 million metric tons of raw nuts. The domestic production is estimated at 700,000 metric tons.

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

Vietnam's cashew nut trade down on raw material price hike


March 26, 2014

According to a report by Vietnam's Ministry of Agriculture and Rural Development, Vietnam imported some 28,000 tons of raw cashews worth 36 million U.S. dollars in the first two months, down 36.4 percent in volume and 20 percent in value year-on-year. Meanwhile, Vietnam earned 169 million U.S. dollars from exporting 28,000 cashew nuts in the first two months, down 0.1 percent in volume year-on-year.



The United States, China and the Netherlands remained Vietnam's large cashew nuts importers during the period, accounting for 26, 20 and 9.8 percent of Vietnam's total export revenue of the commodity, said the ministry.Nguyen Duc Thanh, chairman of Vietnam Cashew Association ( Vinacas), said on Vietnam Industry and Trade Information Center's website on Wednesday that import price for raw cashew stays at over 1,000 U.S. dollars per ton, 150 to 200 U.S. dollars higher than that of 2013.If Vietnamese companies imported raw materials at that price for export processing, they will suffer from loss, said Thanh, adding that these companies should prioritize on buying domestic raw materials for production demand.

According to Vinacas, in 2014, Vietnam's export revenue of cashew nuts, shell oil and processed cashew nut products is forecast to hit 2.2 billion U.S. dollars.In order to realize the target, Vietnam must import some 650, 000 tons of raw cashews from West Africa, East Africa and Southeast Asia as domestic cashews output is estimated to be 350, 000 tons.In 2013, Vietnam imported some 651,000 tons of raw cashews worth 621 million U.S. dollars, up 96 percent in volume and 83 percent in value year-on-year, Vinacas statistics showed.

Source: shanghaidaily.com

India: Cashew kernel imports come down on duty hike


Tue Mar 25, 2014

Indian exports of cashew kernels continued to show the uptrend despite rise in prices while the imports of cashew kernels which were on the rise have shown a significant drop in recent months.



Total shipments of cashew kernel from the country during April-February 2013-14 rose to 1,09,958 tons valued at `4,624.35 crore at the unit value of `420.56 a kg from 93,841 tons valued at `3,649.50 at the unit value of`388.90 a kg. The export earnings have shown an increase of around `1,000 crore

“The increase in volumes can be attributed to the growing awareness about the health benefits of consuming cashews coupled with the easing of the economic situation in Europe and the US” Sasi Varma, Executive Director and Secretary told Business Line.

During February, the exports stood at 7,009 tons valued at `315.43 crore at a unit value of `450.04 against 7,972 tons valued at `298.69 at the unit value of `374.67 a kg. The Union Ministry of Commerce and Industry , so as to stop under invoicing, vide its notification dated December 2, 2013 has fixed the minimum price for import of cashew kernal (broken) and cashew kernel (whole) to `288 and `400/kg respectively.

Earlier in May 2013, the Department of Revenue has raised the import duty of 45 per cent or `60 for cashew kernels (broken) and 45 per cent or `75/kg for cashew kernels (whole) whichever is higher.

Following this decision the imports have declined, Varma said. During April-February 2013-14, imports of cashew kernels fell to 4,823 tons valued at `99.31 crore at the unit value of `205.91 a kg from 5,385 tons valued at `87.31 crore at the unit value of `162.13 a kg.

Imports of Raw Cashew Nuts (RCN) dropped sharply to 7,32,478 tons valued at `4,246.37 from 8,52,183 tons valued at `5,084.98 crore. “Fall in imports of raw nuts are due to high prices,” Varma said. RCN does not attract any import duty, he said.

Source: Hindu business line.

India: Panic Continues over Crop Disaster


Tue Mar 25, 2014

At first, the raw cashew market dropped in the Indian coastal region due to some cloudy weather followed by more arrivals . But with in 2-3 days, an abrupt end like strange situation emerged in the entire South Indian first-crop harvest! Once again the raw cashew prices are unworkable to the industry but kernel buyers are still showing cautious approach. They think that the Indian Rupee will continue its appreciation, even after the general elections. Second-crop harvest is now in its early stage but may improve.



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

Thứ Ba, 25 tháng 3, 2014

Indian cashew exports to touch new high this fiscal



Tue Mar 25, 2014

Indian cashew exports have reached a new high of ` 4,624 crore, surpassing last year's figure, with one more month to go in the fiscal 2014. The possibility of exports touching ` 5,000 crore is not ruled out as the exporters could send more shipments in the last month. In 2012-13, cashew exports stood at ` 4,420 crore, which was the highest till now. The fall in rupee value during the year has helped in raising the total value of cashew exports.



Though the volumes have been down in certain months, the value has remained high. For instance in February 2014, the quantity of cashew export is lower by 12per cent at 7,009 ton. However, the value is up by 6 per cent at ` 315 crore.

The total quantity, too, has almost reached the level in 2012-13 at 1,09,958 ton at the end of February 2014. In the previous year the total quantity exported touched 1,10,306 ton.

Higher exports have been achieved despite a 14per cent drop in raw cashew imports at 7,32,478 ton till the end of February 2014. "Rising prices of raw cashew imported from Tanzania in the last few months have led to slowdown in processing, squeezing the export volumes. As a result many processing factories in Kerala have stopped working,'' said P Somarajan, proprietor of Kailas Cashew Exports. The raw cashew price has eased after touching a high of over $1,400 per ton.

The raw cashew from east African countries has been traditionally dearer than those from the west African regions, where the harvest has begun. "But this time the prices have been high at the start of the season at $1,150 per ton. It has declined by $100 now, but is still high,'' he added. India imports 8 to 9 lakh ton of raw cashew every year.

While the raw nut price remains high, the cashew kernel price has been hovering in the range of $3.15 to 3.20 per pound, a factor which has been worrying the exporters.

"At the price we have been buying raw cashew, we should be getting a minimum of $3.40 per pound. But Indian exporters have been compelled to export at the above price, the rate at which Vietnam, the major supplier in the global market now, sells,'' said Babu Oommen, proprietor of Alphonsa Cashew Industries. Some processors, who had stock of raw cashew nuts from the previous year with them made a killing by selling to other processors. Better domestic production at over 7 lakh ton helped the exporters to tide over the lower imports to a certain extent.

Source: http://economictimes.indiatimes.com/markets/commodities/indian-cashew-exports-to-touch-new-high-this-fiscal/articleshow/32634009.cms

Ghana’s cashew season to be launched at Wenchi



Mon Mar 24, 2014

The Ghana Cashew Industry Association will launch the country’s cashew season in Wenchi in the Brong Ahafo Region on Thursday, March 27, 2014. The event, the first of its kind in the country to be organised with support from the African Cashew Initiative (ACi) and the African Cashew Alliance (ACA), will create a conducive platform to set a national agenda for the next season. A release signed by the Executive Secretary of the association, Ms Yayra Afua Amedzro, said the maiden event would be on the theme; “Harnessing the economic and climatic benefits of cashew; the strategic non-traditional export commodity.”



The launch, which is planned to become an annual event to mark the largest gathering of cashew industry players in the country, will be attended by producers, processors, exporters, researchers and policy makers, among others.
Cashew, like many other agricultural commodities, is a seasonal crop with large concentrations in the Brong Ahafo Region, although there are producers in other parts of the country, including the Northern Region.

Cashew cultivation in Ghana started in the 1960’s with sporadic plantings in the Central and Greater Accra regions and later spread into the Brong-Ahafo, Northern, Upper East and Upper West regions on a much wider scale. However, between 1970 and 1980, the industry suffered a setback due to the absence of appropriate policies to support the development of an emerging industry. Low producer prices, underdeveloped market structures and inadequate information regarding appropriate husbandry practices for cashew caused farmers’ enthusiasm in the crop to wane considerably, and already established plantations were abandoned and left to the mercy of bushfires and fuel wood collectors.

Fortunately, the interest in the crop was rekindled with the introduction of the Economic Recovery Program (ERP) in 1983, when cashew was identified as one of the major non-traditional crops to be developed as part of the government’s efforts of diversifying the country’s export base.

The way forward

Commodity markets were, therefore, established and liberalised; thus providing the opportunity for cashew farmers to sell their raw nuts. Cashew farmers became enthusiastic about the crop once again and re-invested money, time and labour to rehabilitate some of the abandoned farms. As a result, Ghana recorded its first export of 15mt of raw cashew nuts in 1991.

Today, over 40,000mt of raw cashew nuts are produced in the country and export figures average 80,000mt, with inflows from Cote d’Ivoire, Burkina Faso and Benin to major destinations such as India, Vietnam and Brazil. Ghana also boasts increasing processing in the country up to about 30,000mt capacity, all in rural areas, and creating employment for thousands, with women in the majority. It is, therefore, believed that the country’s production levels can be tripled over the next ten years if all players make the concerted effort to increase production.

Source: http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=304160

Thứ Sáu, 21 tháng 3, 2014

The N’kalo cashew market bulletin on West African sub region

Thursday March 20th, 2014
In Burkina Faso, raw cashew nuts purchasing operations are intensifying and demand appears to be rising relatively to the current supply. Purchase prices are between 240 and 250 CFA / kg. In the south-west and central-west the farm-gate prices charged are between 225 and 250 CFA franc / kg. In Bobo-Dioulasso, the Wholesale prices are negotiated between 290 and 310 CFA FRANC / kg.

Ghana, farmers seem satisfied with the purchase price this year. However, they fear that any opening of Ivorian and Togolese borders will bring prices down.
Prices around Sampa town remained more or less stable and range between 370-450 CFA franc / kg. However, the lowest prices are in Ofuman at 290 CFA FRANC / kg.
In Mali, cashew marketing intensifies gradually. The farm-gate price has increased compared to last week with the arrival of Burkina Faso traders. In Loulouni, farm-gate price is between 190 to 200 CFA /kg and at 200 CFA FRANC / kg in Kolondiéba. On Sikasso’s market, wholesale price is trading at 250 CFA / kg.
This week, International cashew’s market has remained stable with a slight decrease of higher grades kernels, while the price of lower grades ones remained stable
Whole white 320    3.2 to 3.4  USD / lb
The raw cashew nuts prices from West Africa are still declining because of the whole white kernels price stability. In Côte d’Ivoire/Benin/Ghana, supply prices for an average quality 47-49 lbs are ranged from 1000 to 1200 USD/t.
The CFA Franc exchange rate to U.S. Dollar is falling 1 USD = 470 CFA FRANC.
Source: http://anacarde.com/blog/anacarde/

Slowdown in South Indian First-Crop

March 20th, 2014

Sudden drop in the South Indian New-Crop arrivals is nothing but a big shock to the Indian cashew industry. There is no adequate supple even for the daily production.Many processors are rushing towards their nearest import re-sellers to get some immediate supply or to ensure continuous supply.
Is it the El Nino phenomenon?
Source: World cashew

Techiman Cashew Dealers appeal to gov’t for support


Thu Mar 20, 2014

The Techiman Cashew Dealers Association has appealed to government to support the industry to process the commodity into finished products. Mr Tony Asare, Managing Director of Techiman-based Rastony Cashew Trading Enterprise, and an executive member made the appeal on behalf of the Association in an interview with the Ghana News Agency (GNA) on Monday at Techiman in the Brong-Ahafo Region.



He said the cashew crop had so many uses and cited that its fruit that is seen as a wasted product now can be processed into alcoholic beverage. Mr Asare suggested that the Government could through the Public-Private-Partnership (PPP) set up a processing plant at a central location like Techiman, because of the proximity to raw materials, to process the cashew commodity into various valued products.

He noted such a move would expand the avenue of job opportunities in the industry, saying, beside factory workers and other beneficiaries, farmers and casual labourers could to do the fruit picking in the farms. Mr Asare emphasised that there were more advantages the nation could derive from the industry, citing the injection of foreign cash into the economy by the exporters as well as job creation and income generation for the haulage industry to the warehouses by the wholesalers and retailers as well as to the ports for export.

He stated that Brong-Ahafo was noted for best quality cashew nuts, hence any government support, coupled with low interest rates on loans from the banks to dealers and farmers would make the industry more vibrant in the region.

Mr Asare indicated that one major benefit the region had currently gained from the cashew industry was the reduction of illegal, hazardous migration of the youth to Libya and other foreign countries for greener pastures. He said the industry had engaged most of the hitherto unemployed youth in the Techiman, Nkoranza and other areas in the region, where the zeal to embark on such dangerous journeys for economic fortunes were rampant.

Source: http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=303821

Thứ Tư, 19 tháng 3, 2014

Vietnam has overtaken Indiain Cashew exports

March 08, 2014
Vietnam has over taken India in Cashew exports. Vietnam exported 257000 tonnes of cashew nuts in 2013, up 15.8% year-on-year, presenting the 8th consecutive year the country has topped the world’s cashew nut exports.
clip_image001
Raw Cashew nut production in India has more than doubled in the last two decades, according to the experts.
Source: moneycontrol.com

Finance finds anomalies in cashew corporation

Mar 18, 2014

THIRUVANANTHAPURAM: The finance inspection wing of the government has detected irregularities in the functioning of the state cashew development corporation (KSCDC) and accused its board and managing director of lack of transparency in procurement and sale.



The report, submitted to the industries department, accused the corporation of flouting all business norms in procurement of raw material and sale of products. It says the corporation had invited open tenders for procurement of cashew kernels but favoured a Kottayam-based company as vendor. In the sale of the product, the corporation accepts an advance amount promising to sell the product based on the buyer's demand and this becomes a liability for it even if there is a rise in market price of the product.

KSCDC managing director K A Retheesh, however, termed the report as baseless. "Any business policy is based on contract rates aimed at making profits. KSCDC would prefer the export of cashew to an Indian company if it is assured of immediate benefits. The bill clearance for export to a foreign company will happen after packing, shipping and receipt, which will take about 50 days," he said. "A government official had written to the National Investigation Agency (NIA), saying that the KSCDC had imported arms and currency notes along with raw cashew kernels. If the company has such criminal antecedents, the home department should investigate it. Such false allegations are aimed at defaming the company, which is struggling for survival," he said.


Retheesh said the corporation has no working capital as against an accumulated loss of Rs 979.33 crore. However, from being a company on the verge of closure in the 90s, with only 20 working days a year, the corporation offers 288 working days a year now. "The company has suffered owing to political high-handedness and false allegations. Its turnover has come down to Rs 125 crore in 2012-'13 from Rs 275 crore in 2011-'12." The corporation has 30 cashew factories, with around 20,000 employees, and it is forced to ensure employment irrespective of loss or profit as a public sector unit.

An official with the industries department said on condition of anonymity that running a public sector company in Kerala was tough. "The company will have to face allegations of misappropriation if it tries to make profits despite odds while those heading it will have to be held responsible if it shuts down. The system is designed to fail," he said.


,
The Times of India

Cashew prices soar to all-time high


Paul Fernandes,TNN | Mar 19, 2014

PANAJI: Cashew nut prices have notched another high this year as processors offered the best-ever price of Rs 95 per kg, but farmers are worried fluctuations in weather may scorch their dreams of a good harvest.When the season started towards the end of February 2014, the first arrivals commanded good value in the market. "Never in the history of cashew farming in the state have prices of Rs 93 to Rs 95 been paid per kg," Goa cashew (processors) manufacturers association advisor A S Kamath said.



A bumper crop in the last 2012-13 season yielded 35% more crop on the west coast from Kerala to Maharashtra. "Though Goa's production had declined from 24,000 metric tonnes to about 18,000 metric tonnes in the last few years the state produced more than 24,000 tonnes last season," Goa cashew processors association president Madhav Sahakari said.Just as demand controls the price graph, the heavy consumption of the tasty nut boosted utilization of the nuts not only in the country but also globally. "As there is no excess of last year at the beginning of this season, processors have to definitely pay a better price," Kamath said.

Of late, with the season seeing more produce flowing into the market, nut prices have stabilized at Rs 87 per kg. Farmers in the state have nothing much to worry about if the prices go up or down. The Goa government has recently hiked the support price to cashew farmers to Rs 100 per kg from the previous price of Rs 90.The quality of cashew nuts has been satisfactory, as the weather was favourable during the flowering stage and even up to the seeding stage so far. "The transformation from flower to seed is taking place," Kamath said."We are closely watching the weather and the crop," Sahakari said. Bad weather may curtail the crop and trigger a price rise. It may adversely affect production by about 25%. "The price may jump back to Rs 90 per kg, but the crop may suffer. If the crop is good, it may stabilize at Rs 75 per kg," Kamath pointed out.

The soaring mercury may not affect the crop negatively, but dew at night can give rise to pests. "Foggy and cloudy conditions are harmful as it boosts tea mosquito bug which damages the crop," agriculture director P Tufani said.Goan cashews are valued for their taste, as local farmers gather the produce from the ground instead of plucking it prematurely from the tree.

Nutty facts


Production during last four seasons varied between 21,000 and 24,000 metric tonnesProduction is inadequate for the 40-odd cashew industries to sustain activity round the yearRaw cashew nuts are imported from west and east African countries like Tanzania, as well as IndonesiaIn 2012-13, prices started between Rs 80 and Rs 82 and settled at Rs 68 to Rs 70 as compared to Rs 92 and 95 this seasonFoggy conditions boost growth of tea mosquito insect, which damages the cashew crop.

Source: http://timesofindia.indiatimes.com

India records higher cashew exports


Mon Mar 17, 2014

Indian cashew exports are showing signs of outstripping the previous season's sales by a substantial margin. Sales of the nut were 28% ahead in value terms at INR38.8 billion (USD631.6 million) and gained by 20% in volume in the first nine months of the country's current financial year from those of the same period last year.



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

Goa: Agriculture dept hopeful of good cashew harvest


17 Mar 2014

PANAJI: With the commencement of the cashew season in the state, farmers are now seen busy working in the cashew farms, with the agricultural department being optimistic about the crop yield this season.



“We are expecting a good crop this season as the climate has been normal after a slight chill, which was felt during the first week of March. The normal climate will help in good flowering of the plants, which, in turn, will lead to a good yield,” said director of agriculture department P Tufani.Stating that there is scope for improvement in the production of cashew in the state, Tufani said that usually on the hills, one comes across large distances between the cashew trees. “More cashew trees can be accommodated in these areas between the existing trees so that the density of the plants per hectare increases so as to achieve optimum density. This would increase the cashew output without increasing the area under cultivation,” he said.

Tufani said that usually when the climate remains cold, there are chances of the crop getting affected by tea mosquito, an insect which destroys the tender shoots, inflorescence and the immature nuts at various stages of development. Cloudy weather during flowering leads to scorching of the flowers due to the infestation of the crop by tea mosquito. Dew encourages the production rate of tea mosquito bug, said Tufani. “However, this year, the season for cashew has been good and we can say that summer has begun, which coincides with the cashew season.”

To maintain good productivity of the existing cashew farms which could otherwise decrease due to soil erosion and the non-application of any nutrients, the agricultural department provides assistance to the farmers by supplying neem cake and rock phosphate. Filling of gaps in case of cashew grafts and contour trenches for soil conservation are also undertaken, said the director of agriculture department.

“The climate has come back to normal during the last couple of days. The chill which was there earlier has gone and I am hopeful that the climate will remain favourable for a good cashew yield this season,” said a cashew farmer.Another farmer said that at the beginning of the season, he was not much optimistic about the yield. “However, the climate is back to normal and we are expecting a good crop as there is yet time for the season to end. Normally, the cashew season is from February to May.”

Source: EIN News

Improving Value of Vietnamese Cashew


16 Mar 2014

In 2013, cashew exports brought in a fortune, earning US$1.7 billion. In the context of economic turmoil, global import demand and consumption of agricultural products generally declined, but export of Vietnamese cashew nuts still achieved steady growth. Furthermore, cashew industry is accelerating its restructuring, transforming from planting into processing.



Expanding market


According to the Ministry of Industry and Trade, cashew export in 2013 reached 261,000 tonnes, increased 17.9 percent in quantity and 12.0 percent in turnover. Average export price of cashew in 2013 was US$6,305 per tonne, increased 31.9 percent compared to that in 2012. Including cashew oil and other cashew processing products, in 2013, cashew export turnover was about US$1.8 to 1.9 billion. Statistics from 2009 to 2013 revealed that, excluding decreasing export in 2012, cashew export as well as cashew price generally reached gradually higher than previous years.

According to statistics, cashew export mostly focuses on American and Canadian markets with total export value of US$600 million. In Asian markets, Vietnam exports to China about 52,200 tonnes with turnover of US$300 million, and to India and Thailand. For Europe, cashew export possesses huge potential. Up to now, Vietnam exports cashew products to 11 markets in this region, in which the amount to the Netherlands reached the peak with 23,400 tonnes and turnover of US$160.3 million (reducing 3.4 percent in volume and 9.4 percent in turnover compared to that in 2012); to the UK and Russia maintained following positions, with growth in volume of 14.2 percent and 10.0 percent, respectively, compared to that in 2012.This year, export target of cashew products is about US$2 million. Enterprises in this sector have carefully considered importing African raw materials and supplying it to all over the world.

Improving added value

Previously, some farmers still cut down cashew plants and replaced them with industrial crops, long-term fruit plants with higher value, which caused a decrease in cashew areas. Moreover, most current cashew plants areas is exhausted and in scattered locations, causing difficulties for enterprises to purchase. Under this circumstance, cashew industry takes the lead in restructuring, particularly changing from planting to processing, bringing higher value for cashew products. According to the calculation of the Ministry of Industry and Trade, ten years ago, enterprises only imported about 20 – 30 percent from abroad, and remaining 70 – 80 percent of that came from domestic raw material, but now they have to import nearly 50 percent of total cashew volume for processing to export.

In the coming time, enterprises in this sector have to become more active in advertising, marketing the products to potential markets. Many enterprises have to associate with each other to purchase materials and improve competitiveness. Furthermore, they try to avoid the situation of cashew processing manufacturers building up spontaneously, resulting in unfair competition and negatively impacting the prestige of the whole sector.

Source: TalkVietnam

Chủ Nhật, 16 tháng 3, 2014

Equatorial Nut Processors Ltd. Joins ACA Advisory Board



Thu Mar 13, 2014

The African Cashew Alliance is excited to announce that Equatorial Nut Processors Ltd. (ENP) has officially joined the ACA Advisory Board as the first African-based company in the body. ENP, one of East Africa’s leading nut processors, is based about 120 km from Nairobi in Muranga, Kenya and became an ACA member in 2012.  The company was established in 1992 and initially focused on processing macadamia nuts.



Prior to 1992, there was a single Macadamia Nut Company in Kenya which controlled the large   Macadamia Nut sub-sector. Upon a Judicial High Court Judgement, Equatorial Nut Processors Ltd was authorised to break more than two decades of monopoly control and enter the sector. Following this decision, ENP promoted macadamia cultivation by small-scale farmers and enacted a variety of incentives for the farmers which included access to credit, scholarships for children of the poor farmers and provisions of grafted and high yielding macadamia seedlings. This sub-sector expanded tremendously and moved from a capacity of about 10,000 MT to approximately 30,000 MT of Nut In Shell (NIS).  On account of these efforts, Mr. Peter Munga, the Founder of ENP, was granted a laureate of Yala Award in 2009 for his entrepreneurship and for enabling millions of smallholder farmers to access affordable savings and credit facilities.

In January 1993, ENP established a nut processing plant in Muranga and commenced operations with initial export of Macadamia Kernel to Marcfarms in Hawaii, USA. The processing capacity has since expanded from the initial 2,000 MT of Nut In Shell (NIS) to 9,000 MT of NIS.

ENP has shown incredible growth over the past couple of years and continues to surpass industry benchmarks. Today ENP occupies a state of the art agro-processing facility located on a 15 acre site in Muranga County. This has enabled the company to expand its product range to include cashew nuts, peanuts and fortified foods. The cashew nut processing unit began with an output of 2400 MT in 2012 and has since expanded to 3000 MT.  The board is committed to increasing this capacity further in the coming years. ENP currently supports over 100,000 small scale farmers and employs over 2000 workers, of which 80% are women.

ENP has received certification from HACCP, an internationally recognized certification required by the EU, and ISO 22,000 a global food safety management standard.  Additionally, ENP became the 5th ACA-Seal approved company in September 2013, meeting the necessary food quality and safety benchmarks. 

The African Cashew Alliance is especially excited about ENP joining its Advisory Board because the company will be the first African-based AB member ever since the inception of the ACA in 2006. This represents an important landmark for the Alliance. The Advisory Board is the governing body that provides strategic advice to the ACA’s Executive Committee and Secretariat. As an Advisory Board member, ENP will make an annual contribution to the ACA budget of at least US $50,000 and join the ranks of others promoting the African cashew industry: USAID, GIZ, the Bill and Melinda Gates Foundation, Intersnack (Europe’s largest snack manufacturer) and KRAFT Food (one of the world leading food processor) and OLAM International a Singapore based global trading commodities company. Financial commitment from the private sector to ACA is growing rapidly as the international industry increasingly recognizes ACA’s essential role as the single cashew industry platform in Africa.

Source: http://www.africancashewalliance.com/en/news-and-info/blog/equatorial-nut-processors-ltd-joins-aca-advisory-board

Finally, Indian Election Dates Announced


Sun Mar 09, 2014

The cashew kernel market in India suffered in the last one month as the election dates were delayed against all expectations. However late, the election dates (April 7 – May 12) are now announced. As this month marks financial year end, the market may remain the same till the end of March.



The election period might witness a stronger Rupee. Therefore exporters need to be cautious about their forward contracts.

Source: http://www.worldcashew.com/2014/03/finally-indian-election-dates-announced.html

Thứ Ba, 11 tháng 3, 2014

Nigeria constrained on cashew exports


Monday March 10 2014



The National Cashew Association of Nigeria (NCAN) has warned that illegal exports of raw cashew nuts to neighbouring countries are hampering the country's full export potential. NCAN's national publicity Secretary, Sotonye Anga, told newsmen in Lagos that the country's annual production volume was huge. He added that as a result of this the federal government needed to strengthen the cashew value chain. However, he noted that an unaccounted quantity of the production was exported illegally to neighbouring countries.

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

India: Cashew exports jump 20%


Mar 11 2014,

  



Cashew exports in the first three quarters are seen higher by 28% in value realisation, and 20% in volume compared with the performance in the same period last year.Value realisation for the first nine months of the fiscal has already touched R3,888.8 crore and likely to exceed last years performance by a handsome margin. In the last fiscal, cashew exports totalled 1,03,645 tonne with a value realisation of R4,046 crore. India is the world's largest consumer of cashew nuts with trade estimates of consumption ranging from 1,70,000 to 1,90,000 tonne. It is also one of the largest processor and exporter of kernels.

“Following a reasonable growth in usage in all markets in 2013, there are signs that usage will be good in 2014 as well due to the high prices of other nuts and relative stability of cashew prices at the lower end of range of last few years,” Pankaj Sampat of Mumbai-based Samsons Trading said.

“We believe the market may see some volatility between till May 2014 depending on news about the crop progress. After that, it should stabilise and move in a narrow range for rest of the year. If there is any strong kernel demand from the US and EU in March-April, the raw nut prices will not come down and will remain firm,” he added.Cashew is probably the only nut for which prices have remained steady for two years in a row. Pratap Nair of Vijayalakshmi Cashews, who is also the ambassador of the International Nut & Dried Fruit Council (INC) feels the consumption of cashew nuts is likely to increase due to a rise in the awareness level of health benefits.

Source: http://www.financialexpress.com/

Vietnam's cashew nut exports down 20 percent


Thu Mar 06, 2014

Vietnam's cashew trading in the first two months of this year declined as increased prices of raw material for cashew nut caused difficulties for companies in production and exports, Xinhua reported. A report by Vietnam's Ministry of Agriculture and Rural Development shows that the country imported 28,000 tons of raw cashews at USD36 million in the first two months.



The figure represents a 36.4 percent decreased in volume and a 20 percent decreased in value when compared to the corresponding period a year before. The US was the largest importer of Vietnamese cashew nuts accounting for 20 percent of the total. China came next at 20 percent of total cashew nut exports.

Source: http://cashewnews.blogspot.in/

Raw Cashew Still Overpriced

March 11th, 2014
Beninese raw cashew is now trading around $1150-$1175/Tonne/ Out-turn 48 pounds.

In the Indian markets, non dried raw cashew from Kerala is hovering around Rs76-Rs80/kilo.
Even if there is 10% rise in the FOB kernel market in April, processors will not gain more than 2%. If the Rupee continues to be stronger, the 10% rise in kernel will still result in losses. Therefore both buyers and sellers have to co-operate for a sustainable market.
Source: World Cashew