Cashew Kernel Price Today

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Thứ Ba, 29 tháng 4, 2014

Cashew farmers want Nigerian Government to provide storage centers


Tuesday, April 29, 2014

The Cashew Farmers Association of Nigeria, Oyo State Chapter, on Tuesday urged the Federal Government to provide storage centres that would also serve as sales points to farmers. The association’s Chairman, Sodiq Adebayo, made the appeal in an interview with the News Agency of Nigeria in Lagos. Mr. Adebayo said that government needed to create a collection centre where farmers could sell their produce directly to the government.



He identified inadequate marketing as a major challenge facing his members, adding that it had resulted in the farmers making less profit by selling to agents who re-sell to exporters. “Farmers are doing a lot to increase their production of cashew nuts in the country but government should help them through the association by providing storage facilities. “The Federal Government promised to build warehouses where farmers can store cashew nuts, but it has yet to be implemented.

“These warehouses can also serve as sales points for farmers where the government can buy from us and later re-sell to exporters,” Mr. Adebayo said. The chairman said that selling to the government would enable farmers make more profit and also curb post-harvest losses. “We don’t make a lot of profit selling to agents and organisations who later sell to exporters,’’ Mr. Adebayo lamented.

Source: www.premiumtimesng.com

India: Cashew exports touch all-time high in 2013-14


Tue Apr 29, 2014

Even as cashew industry is battling high price of raw nuts, the exports have touched an all-time high - just short of ` 5,000 crore - in 2013-14. While the imported raw nut prices surged to $1,400 a ton, higher consumption from traditional markets helped the exporters send more consignments. The total cashew kernel exports touched 1,13,260 ton, valued at ` 4,975.96 crore, in 2013-14 as per the figures given by The Cashew Export Promotion Council of India. The increase is 13% in terms of quantity while the value has gone up by 23%.



Towards the end of the year, high price of the raw nuts hit the shipments leading to a fall in exports. Had the prices stabilized, the exports could have easily surpassed ` 5,000 crore, according to the industry. "Imports by the US have risen though the demand from Europe remained flat. Other markets like the Gulf region too have shown improvement,'' said Harikrishnan R Nair, chief executive, Western India Cashew. The fluctuating rupee did not help much in giving a boost to the exports during the year, he added. The exporters have started buying raw nuts from West Africa despite high prices to keep up the production. Last year, raw nut imports fell 15% to 7,58,111 ton. The raw nut prices, which were ruling above $1,000 a ton, have eased a bit and were hovering in the range of $900 to $950.

The industry is expecting the prices to fall further. India imports 8 to 9 lakh ton raw nuts for processing every year. "The cashew kernel prices are not matching with the raw nut prices. The price of 320 grade is around $3.20 per pound. We are hoping that the prices would increase ," said Anu S Pillai, partner at Anu Cashews. The exporters are not expecting a better performance this year unless the global prices of cashew kernels improve. "The cost of production will definitely go up as the wages are set to rise. High wages plus high raw nut prices will push the cost up,'' Pillai said. The industry is also pinning its hopes on an improved domestic production of raw nuts, which was a bumper crop last year.

Source: http://economictimes.indiatimes.com/

Nigeria: Cashew value chain: Kabba agric college, FG train farmers, processors


April 29, 2014

As part of efforts to transform and empower the older generation of cash crop farmers and attract the youth, a capacity building workshop for about 50 cashew growers and processors drawn from 10 states was conducted by Kabba College of Agriculture, Kabba, Kogi State, in collaboration with the Federal Ministry of Agriculture from April 22 to 24.



According to the provost of the college, Dr Akin Oloniruha, participants were exposed to theoretical and practical knowledge in cashew production and processing, with emphasis on skills acquisition. Participants were expected at the end of the workshop to be able to do better what they had been doing before and at the same time share their knowledge with their colleagues who were not privileged to be at the workshop.

The Minister of Agriculture, Dr Akinwumi Adesina, represented at the workshop by the Director of Agriculture in the ministry, Dr T.J. Odeyemi, said the programme was organised under the Agricultural Transformation Agenda (ATA) by the Cashew Value Chain unit of the Federal Department of Agriculture. The training was borne out of the need for the government to create awareness and improve the technical know-how of cashew farmers, processors and marketers on good agricultural practices to increase productivity and ensure quality of products for local and international markets.

Mrs Omolola Etukudo, a resource person at the training, while delivering a lecture on ‘Harvest and post-harvest handling of raw cashew nuts,’ said consuming 30 grammes of cashew nuts per day can improve longevity, “as it reduces the risk of heart disease and heart attack, the risk of stroke,  the risk of diabetes and the risk of muscle degeneration.”

She told the participants that before harvesting cashew nuts, “it is important to weed the area under the trees ahead of harvesting. This would facilitate the picking of fruits (apples and nuts),” saying that farmers should allow fruits to drop to the ground before picking. “Collect fruits at least every three days. In hotter areas (northern parts) of the country, collect fruits daily,” she added.

Grading for exports required nut count and out-turn tests, she informed, saying in the nut count test, “nuts are selected randomly from the bags and are placed on a scale until the scale reads 1 kilogramme (KG). Then the number of nuts is counted. With smaller nuts, it will take more nuts to add up to a kilogramme. The larger the nuts, the fewer the nuts it takes to make 1 KG. The out-turn test describes how much of the kernel inside of the shell is good quality. The procedure for the out-turn test requires that the nuts be cut, open, and the inside kernel analysed.”

Processors and participants were trained to store well-dried nuts in jute sacks, stitch the sacks tightly to avoid spillage, place the jute sacks on wooden pallets in a dry, well-ventilated leak-proof room, and leave a clearance of at least 0.5m between the packed jute sacks and the roof, as well as between sacks and walls of the storage room to allow air to circulate freely. They were also trained to sell nuts within the same year of harvest to prevent loss in quality and quantity.

Ocholi Ogbadu of the National Agency for Food and Drug Administration and Control (NAFDAC), while speaking on ‘Acceptable standards on processing of cashew into juice, jam and edible alcohol,’ said a manufacturer who intended to register a food or related product in Nigeria would first have the factory inspected by the Establishment Inspection Directorate of NAFDAC and be assigned a Certificate of Recognition as a manufacturer before an application to register the product could be made.

“This is very crucial to the success of the business. It is necessary to invite NAFDAC officials for special inspection (formerly Advisory Inspection). Their input will assist you in setting up proper production flow, factory layout size, etc. Inspection is necessary before installation to avoid reversing already installed system,” Ogbadu said.

Participants were trained on how cashew fruit could be made suitable for consumption by removing the undesirable tannins and processing the apples into value-added products, such as juice, syrups, canned fruits, pickles, jams, chutneys, candy and toffee. The recommended methods for removing the astringent properties of the cashew apple include steaming the fruit for five minutes before washing it in cold water, boiling the fruit in salt water for five minutes, or adding gelatin solution to the expressed juice.

Source: www.tribune.com.ng

SAMSON'S CASHEW MARKET REPORT - APR 26, 2014

APR 26, 2014



FOB prices in Week 17 :

W240          US$ 3.50 to 3.70
W320          US$ 3.10 to 3.30
W450          US$ 2.90 to 3.00
SW320        US$ 2.95 to 3.05
SW360        US$ 2.75 to 2.85
SSW           US$ 2.45 to 2.55
Butts          US$ 2.50 to 2.60
Splits                  US$ 2.40 to 2.50
Large Pieces US$ 1.60 to 1.75

Cashew market continued to be steady during April with a slight softening in prices of W240 & W320 at the lower end of the range (for nearbys from some processors). Prices were steady at the higher end of the range for forward positions.  There were reasonable sales to many markets at both ends of the range. There was some pick up in offtake in the Indian market but not much increase in prices.

During Weeks 16 and 17, range of prices was W240 from 3.50 to 3.70, W320 from 3.10 to 3.30, W450 from 2.90 to 3.00, SW320 from 2.95 to 3.05, SW360 from 2.75 to 2.85,  Butts around 2.60, Splits from 2.40 to 2.50 and Pieces from 1.55 to 1.75 FOB.  There are very few offers of brokens at lower end of the range.

After some firmness during March, there was some decline in RCN prices during April but despite that, new trades have been limited as kernel market has been slow. Current RCN prices (for shipment) are IVC between 925 to 950 C&F, Ghana around 1000 C&F, Benin around 1025 C&F, SEGABI around 1100 C&F.  Afloat parcels and small lots arrived in India & Vietnam (origin IVC, Benin, Ghana)  are trading at premium of 50-100 dollars, depending on origin and quality.  Unless kernel prices move up or at least kernel demand picks up,  shellers will find it difficult to continue buying RCN.  Kernel availability in Jul/Aug could be lower if RCN buying continues to be slow in May.

Current prices are the lowest in the last 4 years and below the average of the last 2 years.  These low prices are made more attractive because prices of other nuts are higher than  Cashews (and higher than  their respective recent average).  Despite this, very few buyers are buying larger volumes for longer spreads.  Most of them continue to buy for few months at a time.  This strategy has worked well for them as there have been no supply issues during the last 2 years. Shellers are not too unhappy either as risks are lower (although chances of large  profits are also reduced).

Compared with same time in 2013, RCN prices are more than 15% higher and kernel prices are more than 5% lower.  Disparity between RCN and kernel prices has been continuing for more than 6 consecutive months.  This cannot be sustained.  Something has to change – either RCN prices have to come down significantly to last year’s levels or kernel prices have to move up a little - at least to the range of 3.25 to 3.50 FOB seen in the first half of 2013.

The next 4-8 weeks should be interesting – in the meantime, it would be prudent for both sellers and buyers to cover a portion of their position for the next 6 months to avoid being caught on the wrong foot in case something unexpected happens.

Pankaj N. Sampat | SAMSONS TRADERS

Thứ Sáu, 25 tháng 4, 2014

South Indian Raw Cashew Harvesting Almost Ends


Fri Apr 25, 2014

Cashew farmers in Vietnam expect much better harvest this year. They now anticipate at least 30% more yield compared to last year. But the Kernel filling out-turn may not remain the same. South Indian harvest may drag till the rainy season but in terms of the actual yield, this is nothing but a shocking end. Industry should be ready for a 30% smaller crop.



Even if African nations maintain their annual growth, this year’s global raw cashew production may witness a negative growth.

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

Gambia: Large-Scale Cashew Production in NBR Impresses President



Tue Apr 22, 2014

The president of the Republic has commended the people of North Bank Region (NBR), especially the Niuminkas, for their active involvement in the large-scale production of cashew. His Excellency Sheikh Professor Alhaji Dr. Yahya Jammeh was speaking Saturday during a meeting in Farafenni as part of his ongoing nationwide tour, which commenced on Thursday, 17th April, 2014.



Cashew, a major cash crop after groundnut, has in recent times received greater attention from farmers, mainly in the Northern part of The Gambia, due to its lucrative market. Farmers have seen it as highly rewarding venture and have since gone all out to engage in its large-scale production. In the words of the Gambian leader, the Niuminkas should be commended for putting Gambia in tight competition with Guinea Bissau, a major producing country in the sub-region. He urged for the gains to be sustained in this regard.

The Gambian leader also used the meeting to explain the objectives of his tour. "My tour is to dismantle all the 'Bantabas' and ensure that the citizens concentrate on the farm. Allah gave us two hands so that we can have the strength to work. Feeding yourself from your sweat is one of the biggest ways of worshiping Allah," the president stated. He again stressed the need for Gambians to go back to the land to 'work and feed ourselves' so that Gambians can put an end to the importation of food items which they have no idea how they were produced. Jammeh underlined that if all Gambians stand-up and till the land to feed themselves, the results will be remarkably surprising. Focusing this year's tour on agriculture in pursuit of his Vision 2016 target of ending decades-old dependency on foreign imports, Jammeh told the thousands of people in Farafenni that all hands must be on deck to attain it. This, he said, will ensure that people's health is also guaranteed owing to the current rate of ailments previously unheard of in the country. "In The Gambia today, there are too many sicknesses, most of which are caused by eating food we don't know how they were produced. Today, you will see children having high blood, asthma, diabetes and many other sicknesses all because we are eating things which we never know how and where they are from. Previously, people lived for more than 100 years while they are still strong, but today, we are having more hospitals and more patients," he observed.

The Gambian leader acknowledged that since 1994 to date, his government has made huge investments into the agriculture sector, but hastened to note that, he has also discovered the need for the government to change its operational modules in the sector.
He said since 1994, he has provided tractors to Gambians for them to work, but lamented that they were misused thanks to a few individuals at the expense of the majority. "In The Gambia, we have the capacity to cultivate rice for not only our consumption, but to also export them to other parts of West Africa. Whatever I say, by the will of the Almighty Allah, I will do it," he promised.

Jammeh also used the meeting to heap praises on the women folk for being exemplary in the national development process, crediting them for the many successful projects. "I am thanking Allah that since I started working with the women, there has been many success stories. Whatever project I brought to the country, it wouldn't normally go successfully without the participation of women," he acknowledged, while also commending the young people for their effort. The minister of Agriculture, Solomon Owens, said it is President Jammeh's hope that by 2016, all the rice that Gambians will consume will be indigenously produced.

The minister said when the president made that declaration during his 2013 tour, he received serious criticisms from skeptics, but expressed with delight that other bigger African countries like Nigeria and Ivory Coast have borrowed the Gambian leader's concept and targets. "The means to achieve this target is by mechanising agriculture; provide equipment, seed and fertilizer," he told the farmers. The Basic and Secondary Education minister, Fatou Lamin Faye; and the APRC national mobiliser and mayor of Kanifing, Yankuba Colley, both described President Jammeh's vision 2016 as not only realistic, but a worthy cause that should be embraced by all and sundry.

They reminded the gathering that this year will be the 20th anniversary of the July 22nd Revolution, and that as part of the celebrations, a fundraising committee has been launched. "We don't want President Jammeh to fund this year's celebration because he has done a lot for Gambians. We want every Gambian to contribute at least 20 dalasi towards this year's celebrations," National Mobiliser Colley said. Governor Lamin Queen Jammeh, for his part, thanked the president for the construction of both major and minor roads in the region, citing that of Laminkoto-Passamas as one of the biggest in the area.

Ebrima Ansu Jammeh and Alhagie Jim Fatima Jobe, chiefs of Upper Baddibu and Jokadou respectively, said this year's tour should give every Gambian a new hope that with commitment, the country can drive away hunger. While thanking President Jammeh for uniting the people of the region and the entire country, the chiefs assured him of their readiness to support his initiatives to the letter. The National Assembly member for Jokadou, Amadou Khan, and the councilor of Njaba Kunda ward, Lang Bala Sawo, both assured President Jammeh of their commitment to support his vision for the country.

Alhagie Saikou Jallow, Fatou Sonko and Foday Drammeh, the APRC regional chairman, a women councilor and the region's youth mobiliser, respectively, all commended the Gambian leader for his continued encouragement to Gambians. The trio called on the people of the region and all Gambians to lend a hand to President Jammeh and work towards putting a definitive stop to food importation by the target year.

Source: http://allafrica.com/stories/201404221352.html?viewall=1

Thứ Năm, 24 tháng 4, 2014

India: Help improve productivity of cashew plantations: Governor Wanchoo


Wed Apr 23, 2014

Expressing concern over the low productivity of cashew plantations in Goa, governor Bharat Vir Wanchoo on Tuesday urged agro-scientists to help the state address the problem.



Inaugurating a national training programme in cashew cultivation at ICAR complex in Old Goa on Tuesday, which had experts from across the country in attendance, Wanchoo said, "The productivity of cashew in the state is very low at 540 kilograms per hectare, as compared to the national average of 770 kilograms per hectare. The main reason behind this low productivity is the senile status of the plantations and its natural cultivation."

Wanchoo stated that Goa was quite late to realize the value of the precious nut. "Goa was the first region to cultivate cashew in India, after the Portuguese introduced it in their colony. But, its economic worth was established only after 100 years of its introduction. Today, cashew cultivation occupies 55,000 hectares in the state, with a total production of 29,000 metric tons. Goa is also the only state to also use the cashew apple to brew fenny, and the total value of the trade is estimated at over 250 crore," said Wanchoo.

Stressing the economic significance of the cashew crop to India's economy, Wanchoo warned that the nation was facing stiff competition from Vietnam, in terms of cashew exports.

"In 2012-2013, our cashew brought in foreign exchange to the tune of 4,097 core. Ironically, in the same time period, we also spent valuable foreign exchange to the tune of 5,331 crore for importing raw nuts from other countries to meet our domestic industry needs. The processing sector in our country now requires around 1.6 million tons of raw nuts, and the current gap between the domestic production and the demand of the processing industry is more than 50 per cent," he said, calling for sustainable horticulture techniques and use of high-yielding varieties to enhance production.

Source: http://timesofindia.indiatimes.com

Chủ Nhật, 20 tháng 4, 2014

New Mangalore Port traffic up 6.29% in 2013-14

AJ VINAYAK

New Mangalore Port recorded a growth of 6.29 per cent in cargo handling during financial year 2013-14.



The port handled 39.36 million tonnes (mt) of traffic, as against 37.03 mt in 2012-13.
Sources at the port told Business Line that crude oil, petroleum products, coal and containers contributed to the growth in cargo handling during the fiscal.

The port handled 14.94 mt (14.21 mt) of imported crude oil for Mangalore Refinery and Petrochemicals Ltd (MRPL), which exported 7.85 mt (7.82 mt) of petroleum products through the port during the period.

The total import of LPG by Hindustan Petroleum Corporation Ltd and TotalGaz through the New Mangalore Port, however, fell to 1.48 mt (1.78 mt) during the year.
Coal, another major import commodity for the port, contributed a significant share of 8.34 mt (6.91 mt) to the total cargo handled.

Box throughput

The number of containers handled at the port crossed the 50,000-TEU (twenty-foot equivalent units) mark during the year. The port handled 50,126 TEUs of containers during 2013-14.The port exported 1.46 lakh tonnes of coffee in 7,080 TEUs during 2013-14. Though the import of raw cashewnuts in containers dipped to 1.31 lakh tonnes , export of cashew kernels rose to 16,092 tonnes during the year, sources added.

(This article was published in the Business Line print edition dated April 8, 2014)

Source: http://www.thehindubusinessline.com/

India market: Buoyant Mood in Wholes Grades

April 19th, 2014

Premium W320 is trading around Rs5800/11.340kg/Goa-Mangalore. But the availability is not adequate compared to current demand.

There is acute shortage of pieces in South India. However the situation has marginally improved in the North mainly because of pieces imports from Vietnam. This is only temporary due to rise in consumption. In coming days, there might not be much supply of pieces from Vietnam.

As domestic inventory is processed in both Vietnam and India, the increase in pieces production might not happen soon.
Source: World Cashew

Thứ Tư, 16 tháng 4, 2014

WorldCashew Crop Report for 2014 ( Q2 )

April 15th, 2014

There is considerable improvement in new crop arrival across South India. But analysts predict that the total crop estimate for this year is 25% lower than the last year’s crop. This is mainly due to steep downfall in the last four weeks. El Nino seems to have affected the harvest in the coastal regions.


The weather conditions are improving in Vietnam but this year’s kernel filling out-turn is said to be atleast 2% lower in comparison with the past few years.
West African crop size and quality is likely to be normal.

Overall there is a need for abnormal increase in the kernel market following this year’s raw cashew price, out-turn and Forex situations.
Source: World Cashew

India: Cashew rises on buying by stockists


Tue Apr 15, 2014

Cashew prices rose by ` 5 per kg in the national capital today on the back of increased buying by retailers and stockists to meet rising domestic demand amid low stocks. Tight supplies from growing regions also supported the upside in prices. Cashew kernel No 180, No 210, No 240 and No 320 rose by ` 5 each to conclude at ` 865-875, ` 765-775, ` 645-655 and ` 535-575 per kg, respectively.



Marketmen said increased buying by retailers and stockists against tight supplies from growing regions, mainly pushed up cashew prices to rise.

Following are today's quotations (per 40 kg):

Almond (California) ` 17,800 Almond (Gurbandi-new) ` 7,900-8,100; Almond (Girdhi) ` 4,400-4,700; Abjosh Afghani ` 8,000-22,000. Almond Kernel (California-new) ` 620-640 per kg, Almond Kernel (Gurbandi-new) ` 500-550 per kg.

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

Thứ Sáu, 11 tháng 4, 2014

Indian Demand is for Splits and Pieces


Fri Apr 11, 2014

In the Indian domestic wholesale markets, premium Jumbo half is once again trading around ` 5350/11.340 kg/Goa-Mangalore. Almost all grades in the pieces category, are now moving northwards as summer is always the best season for cashew pieces.



If the wholes market supports, splits and pieces may move towards a new high in the second half of May.

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

Thứ Năm, 10 tháng 4, 2014

Cashew prices more stable as dealers look to new crops



Monday April 07 2014

Cashew nut prices showed a steadier pattern at the end of March after declining during the previous month, Samsons Trading of Mumbai observed in a March 31 market report. Pankaj Sampat of Samsons recalled that the falls during February were seen in kernels and raw cashew nuts (RCN). Sampat said: "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. The Indian domestic market has also been steady in a narrow range with periodic bursts of activity."



Source: www.agra-net.com

India: Raw Cashew Falls Due to Rainy Weather


Tue Apr 08, 2014

There is now slight improvement in the South Indian new crop harvest. But the down trend in the market is mostly due to 2% – 3% increase in the moisture content.  Weather in the Vietnamese cashew region is no better and if the cloudy weather continues, it may become even worse.



Source: http://www.worldcashew.com

CAGR of dry fruit market in Asia-Pacific 5.3%; CAGR of nut market 6.5%


Wednesday, April 09, 2014

Asia-Pacific represents the largest- and fastest-growing market worldwide with a compound annual growth rate (CAGR) of 5.3 per cent and 6.5 per cent for dried fruits and edible nuts, respectively. This was stated by a report titled, ‘Dried Fruit and Edible Nuts: A Global Strategic Business Report’, by Global Industry Analysts Inc.



It provided a compressive review of market trends, drivers, issues, challenges, and mergers, acquisitions and other strategic industry activities of major companies worldwide.The report provided market estimates and projections for dried fruits and Edible Nuts, across all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, the United Kingdom, Spain, Russia, and the rest of Europe), Latin America and the rest of the world.It analysed the global and regional markets for dried fruit and edible nuts independently in terms of volume consumption.The report also analysed the global and US market for dried fruit by the following product segments - dried grapes, prunes, dried apricots, dried figs and dates.It provided market estimates and projections for edible nuts by the following product segments - peanuts and tree nuts (almonds, cashews, walnuts, hazelnuts, pecans, pistachios and others).

Consumption in the region is mainly driven by the growing affluence of the middle-class population, rising health consciousness among consumers and the growing acceptance of newer packaged food formats made from nutritious ingredients.In order to meet domestic consumption demands, countries such as India and China are importing large quantities of dried fruit and edible nuts.Peanuts represent the largest segment in the global edible nut market, while tree nuts are projected to spearhead growth in the market.

Key players covered in the report included Arimex Ltd, Mariani Packing Co Inc, National Raisin Company, Ocean Spray Cranberries Inc, Olam International Ltd, Papagan Dried Fruit Co, Paradise Inc, Peyman Kuruyemis Sanayi ve Ticaret AS, S&W Fine Foods Inc, Sunbeam Foods Pty Ltd, Sun-Maid Growers of California and Sunsweet Growers Inc.The global consumption of dried fruit and edible nuts is steadily increasing, driven by changing lifestyles and rising health consciousness as reflected by the increase in number of enrollments at gyms, spas and yoga centres, and the growing focus on preventive healthcare against the backdrop of rising healthcare expenditures.

A variety of dry fruit and edible nuts such as prunes, almonds, Brazil nut, raisins, pine nuts, walnuts, hazelnuts, dried figs and apricots, pecans and peanuts, among others, are consumed regularly.Apart from the plethora of health and energy benefits offered, dried fruit and edible nuts also offer the convenience of a quick, easy snack, a key factor cited for increasing consumer preference.The ease of storage, long shelf-life, portability, minimal seasonality issues, lower costs and natural resistance to spoilage are making dried fruit and edible nuts a popular snacking alternative.The removal of water content during the drying process makes dried fruit less perishable, easier-to-handle and cheaper to transport. Moreover, these naturally sweet and flavoured foods can either be consumed directly or used in cooking without any loss in texture or form.

Dried fruit are especially popular as effective and nutritionally-rich alternatives in countries with cold weather conditions where fresh fruits are not easily available.With studies indicating that a vast majority of the population eats much less than the recommended amount of fruit, dried fruit is increasingly being considered as a natural means to increase consumption of fruit to reduce the gap between the actual and recommended fruit intake.Dried fruit and edible nuts are also increasingly being used in the production of healthy processed foods. Acceptance of nuts and dried fruit as true health foods is encouraging food processing companies to include nuts into their product recipes.Chocolate manufacturers, for instance, have been the first to include dried fruit in chocolate recipes, largely due to their flavour-enhancing ability and perceived health benefits.

Gourmet chocolate covered in dried fruit is poised to witness strong demand in the coming years. Dried fruit popularly used in chocolates include cranberries, blueberries, blackberries, cherries, dried figs and freeze-dried raspberries, among others.The inclusion of dried fruit and nuts, in addition to classic ingredients, helps build the healthy image of food products and meet the taste and nutrition needs of consumersRising consumer awareness over the benefits offered have been instrumental in boosting demand for nuts and dried fruits.Presently, dried fruit and nuts are serving as marketing strategies to refine the appeal of food products to highly-focussed consumer categories.For instance, companies are increasingly using nuts and dried foods as key ingredients in premium food ranges.Retailers are also innovating on the placement of dried fruit and nut products on the aisles in supermarkets and grocery stores.Dried fruit and nut are being positioned as snacks, and are being placed in snack aisles, rather than the aisles they were traditionally placed in.

Source:Fnbnews

Thứ Ba, 8 tháng 4, 2014

Cashew production to receive boost in Ghana


Thu Apr 03, 2014

Ghana’s and cashew production could soon be given a boost with an expressed interest by a business delegation from Dubai to invest in the industry. The six member team which owns the biggest cotton processing factory in Central Asia has promised to set up similar factory in Ghana. They are currently relocating a cashew processing plant in Guinea Bissau to Ghana.



The decision of the group which owns UZ Impex in Uzbekistan to invest in Ghana is underscored by the availability of ports- Tema and Takoradi seaports.The presence of such facilities can easily facilitate export of products to Central, South and Western Asia as well as Middle East and Europe where such products are on high demands.

The Dubai business team has held talks with the Secretary to the President, Dr Raymond Atuguba and the Minister in charge of Public Sector Development, Rashid Pelpuo where the prospects of such business ventures were highly discussed. Cashew farmers are unable to boost production due to lack of resources.

According to the Ghana Cashew Industry Association, only 50 thousand tons of the commodity is produced annually, as against the 62,000 tons needed to feed local processors. A member of the team, Shopulat Sibikov told Nhyira News the team is committed to commercial agriculture development in Ghana.

Describing Ghana as a country with so many investment opportunities, Mr. Shopulat said the team is impressed with investment potentials and is convinced there is more to be realized. “When we came here, it was very small. Our plan was not too much big and the main project was agriculture," Mr Shopulat said. District Chief Executive for Sekyere Afram Plains, Donkor Fuseini, through whose initiative the businessmen would be investing in Ghana, is excited at the prospects of their visit.

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

Thứ Năm, 3 tháng 4, 2014

Cashew prices may rise in H2


Wed Apr 02, 2014

The cashew market witnessed buoyancy in March with reasonable activity in kernels and good activity in raw cashew nut trade, after a sluggish trade in February. At the end of the month, however, the market was steady with selling interest being lower in the first quarter. The domestic market has also been ruling steady within a narrow range with periodic bursts of activity. 



It was evident from the shipments in February, when exports dropped to 7,009 tons (valued at `315.43 crore at a unit value of `450.04 a kg) against 7,972 tons (valued at `298.69 at the unit value of `374.67 a kg) in the same period a year ago. Even though there was a decline in volume, the value realisation increased because of the rise in unit value and the exchange rate, Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India, told Business Line.

Import of cashew kernels has plunged due to the higher import duties. Last week, the range of offers for the second quarter was W240 $3.60-3.75, W320 $3.15-3.30, W450 and SW320 $2.95-3.05, SW360 $2.75-2.90, SSW $2.45-2.55, splits $2.40-2.55, pieces $1.65-1.75/lb (f.o.b). Offers for second half were a few cents higher.

After a decline in February, raw cashew prices have moved up a tad in the last two weeks. Current prices are at around $850-875 c&f for Nigeria, $950-975 c&f for IVC, $1,075-1,100 c&f for Ghana and around $1,150 c&f for Benin. These prices are 10-15 per cent higher compared with the same period last year (kernel prices are 3-5 per cent lower, however). Such disparity cannot be sustained – something has to change, Pankaj N Sampat, a Mumbai-based dealer said.

“Shipments of West African raw cashew have started. During April, we will see whether flow from Ivory Coast will be smooth despite restrictions on movements. Initial reports indicate that efforts to enforce quality standards are bearing fruit,” he said. Traders said that the downside from current levels will be limited. At the same time, there is no reason to expect a big jump in prices, it said.

But, a reasonable and gradual price increase in second half of the year is possible unless the raw cashew prices drop significantly during April-May. Decline in raw cashew prices after May will not have any major impact because that will be accompanied by decline in kernel yields.

Source: http://www.thehindubusinessline.com/markets/commodities/cashew-prices-may-rise-in-h2/article5863407.ece

Thứ Tư, 2 tháng 4, 2014

Ghana: Cashew in 2013 generated $170m


Tue Apr 01, 2014

Cashew in 2013 generated about $170 million in the form of foreign exchange earnings into the economy, making it the second-largest contributor to the non-traditional export crops, Winfred Osei Owusu, Acting President of the Ghana Cashew Industry Association (GCIA), has said. Cashew is a significant revenue contributor that also brings rapid rural transformation and development. In the Brong Ahafo Region alone, there are twelve major and small-scale cashew processing factories, he said.



Speaking at the 1st Ghana Cashew Season launch held at Wenchi in the Brpng Ahafo Region, Mr. Osei-Owusu called on government to ensure development of the sector to a sustainable height by making cashew a more wealth-creation and food security commodity. “It has massively helped the economies of Brazil, India and Vietnam. In Vietnam, for instance, the commodity generates about US$1.6 billion and Ghana can also replicate this success story.

“For the nation to reap the maximum benefits of cashew, then we must accelerate its production. We can only consolidate the work and effort that has been done in the past by increasing our production from the current 50,000 metric tons to 200,000 metric tons per year. “Processors in the country are getting nervous, because the total installed capacity hovering around 62,00 0 metric tons outweighs local production,” he stated.

Processors have to compete with exporters for the insufficient 50,000 metric tons local production. The processors and exporters used to easily get supplements from La Cote d’Ivoire through the land borders, particularly at Sampa, but the Ivorian authorities have banned importation of the commodity via that medium – causing hard times for the industry. Mr Osei-Owusu lamented the situation is a threat to the industry as it has the tendency to compel processors to move their investments to Cote d’Ivoire where there is available raw material. “We now want proactive measure to change the face of the cashew industry. GCIA through activism petitioned the Trade Ministry on the Ivorian ban; but government must follow up through  the bilateral level and see how the two countries can reach a consensus coupled with massive local production increase”.

Source: http://www.spyghana.com/cashew-2013-generated-170m/

Cashew prices remain weak on subdued demand


Sun Mar 30, 2014

Cashew prices fell further by ` 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 ` 10 each to settled at ` 870-880, `770-780, ` 650-655 and ` 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) ` 17,800 Almond (Gurbandi-new) ` 7,900-8,100; Almond (Girdhi) ` 4,400-4,700; Abjosh Afghani `8,000-22,000. Almond Kernel (California-new) ` 620-640 per kg, Almond Kernel (Gurbandi-new) ` 500-550 per kg.

Source: Business Standard

Consumption on Increase but Production Down

April 01, 2014
Still, Indian Processors are not getting enough raw material for their daily production. Vietnamese harvest is also facing some weather related disturbances.

Most probably, a bullish momentum has arrived for cashew kernel -
1) Summer season is for pieces in India.
2) Wedding season is for the Wholes grades in the entire Indian subcontinent.
3) Current Gulf demand is for the Ramadan month ( 29th June is the start date of this year’s Ramadan).
Source: World Cashew