Cashew Kernel Price Today

Cashew Kernel Price Today...

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Thứ Tư, 28 tháng 5, 2014

Once Again Indian Kernel Market is Splits and Pieces Market

May 27th, 2014

Forward demand for W320 is still around Rs6000/June-end/Premium grading/Tin/11.340 kg/Goa – Mangalore. But Indian small scale processors are not interested in any kind of long term forward commitments.

Current market is mainly splits and pieces market.
Source: World Cashew

Chủ Nhật, 25 tháng 5, 2014

PepsiCo, Clinton Foundation to Source Cashew From India

Friday, May 23, 2014

Global food and beverages firm PepsiCo has tied up with former US president Bill Clinton-run The Clinton Foundation to spur social and economic development in emerging markets like India. The partnership's inaugural project was launched in Maharashtra, India with an agriculture initiative to source vitamin-rich cashew fruit from smallholder farmers.

This arrangement is expected to create an important new ingredient supply for PepsiCo’s local juice business and also help get better prices for cashew growers. Through the Clinton Foundation's Clinton Giustra Enterprise Partnership model, founded by President Bill Clinton and philanthropist Frank Giustra, this initiative will apply modern agricultural techniques to improve cashew farming practices, boost yield and productivity and increase income for local smallholder farmers.
"It will also scale up and strengthen India's cashew supply chain to build the future potential of a domestic and export market," PepsiCo said in a statement here. Most cashew farmers in this area farm on less than one hectare of land and live below the poverty line. The Clinton Giustra Enterprise Partnership uses market-driven models to improve the livelihood of smallholder farmers by providing training, facilitating the purchase of their harvest and handling their distribution and logistics.

The approach has been designed for replication in value chains throughout the world and is currently catalysing similar supply chain enterprises in Latin America and Haiti. Cashew fruit - which typically goes unused by most cashew nut farmers - is high in nutritional value. It is rich in potassium and contains as much as five times the vitamin C as an orange and 50 times the vitamin C as an apple.

PepsiCo plans to use cashew fruit juice as one of the ingredients in some of its blended fruit juice products in India. "Committed partners like PepsiCo demonstrate the tremendous impact that social enterprises and the private sector can make when they work together to solve business problems that also advance social good," former US president Clinton said in a statement.

"This initiative embodies Performance with Purpose - PepsiCo's recognition that our success is inextricably linked to society's success," said Indra Nooyi, PepsiCo's chairman and CEO. "Sustainable agriculture is critical to PepsiCo's supply chain and we have a long history of working with local farmers around the world in ways that strengthen our business and the communities in which we operate," Nooyi said.

The programmes' first India cashew harvest is currently underway. It will be sourced from more than 2,000 smallholder farmers in 2014, with plans to scale the number to as many as 15,000 over the next five years. "PepsiCo India plans to begin incorporating the fruit into some of its blended juice products starting in Spring 2015," a company statement said.


Vietnam: Int’l cashew nut processors convene in Ba Ria-Vung Tau

Date: 20/05/2014

Ba Ria-Vung Tau province on May 16 hosted an international conference attended by more than 250 leading cashew nut processors from 40 countries around the globe. Participants at the conference were in general agreement that the cashew nut industry will face a number of challenges in the future, largely attributable to increased and fierce competition.

Processors who fail to pay due attention to improving the qualitative competitiveness of their products and processing capacities, are bound to suffer from the financial pressures as their market shares dwindle away  to the more quality oriented companies. International Nut and Dried Fruit Council Foundation (INC) Vice President Pino Calcagni said Vietnam should further improve the quality of products because producing high quality products in the globalization process, will facilitate the penetration of the more demanding markets, bringing higher profits.

Pham Van Cong, Nhat Huy Joint Stock Company’s CEO, said if Vietnam continues to export unprocessed raw cashew nuts, expecting to compete solely on price, the cashew nut sector will stay on the same dead end path as other agricultural sectors because they have not adequately prepared added value materials for export. The sector needs assistance from relevant agencies to build a sustainable development strategy for the future, he added.

To promote and expand export markets, the Vietnam Cashew Nut Association has organized a series of meetings and dialogues providing domestic and foreign processors opportunities to expand cooperation. Last year, Vietnam exported more than 261,000 tonnes of cashew nut, earning US$1.65 billion, up nearly 18% in volume and 12% in value. Major markets included the US, China, and the Netherlands. This is the eighth consecutive year Vietnam has surpassed India to become the world’s largest cashew nut exporter. This year, the cashew nut sector aims to fetch around US$2 billion from exports.

Source: Vietnamnet

Ghana: Peace Corps Ghana Cashew Initiative Benefits Local Farmers

May 22, 2014

 Peace Corps volunteer Michael Underwood of Pineville, Ky., is helping cashew farmers in his Ghana community use mobile technology to boost production and improve their business. Giving local farmers the tools to map their farms and better track sales of cashews enables them to identify operational efficiencies and ensure fair prices. Underwood is one of a number of volunteers working on the effort, known as the Peace Corps Ghana Cashew Initiative. He is also one of more than 1,265 Peace Corps volunteers bringing important food security messages and practices to the grassroots level through the Feed the Future program. This week, Underwood is representing the Peace Corps at the Feed the Future Global Forum in Crystal City, Va., and sharing his experiences with some of the 300 global leaders attending who drive the U.S. government's global hunger and food security initiative.

In his community in Ghana, Underwood walks with farmers along the perimeter of their land with a GPS device to calculate its acreage and develop a satellite image of the farm.

“Knowing the acreage is extremely important, as it is how farmers calculate how much pesticide and other chemicals they use,” Underwood said. “Most farmers I've worked with either don't know or guess how many acres they own, which causes over-spraying of harmful chemicals.”

Underwood has also collaborated with a German software company to develop and pilot mobile software that tracks the origin, quality and prices of cashews from various communities - benefitting both the farmers and cashew buyers. With greater transparency across the industry, farmers can charge more for higher-quality cashews, and buyers can have greater confidence in the value of their purchase. Underwood's work has included programing cell phones and training buyers to use them, as well as providing technical information about the cashew industry and testing the application.

To reduce food waste across the cashew industry, Underwood's fellow Peace Corps volunteers are encouraging local community members to process the cashew apple from the cashew tree, which was previously discarded. Volunteers have formed women's groups that are producing juice and jam from the apples and generating extra income for their families.

“By finding ways to use the cashew fruit, volunteers are cutting down on food waste and introducing an easily accessible and nutritious food,” Underwood said. “In addition, the increased income from the sale of the fruit products, the premiums from selling higher-quality cashew nuts, and money saved by working in farmer groups has aided in creating greater food security and allowing more people access to foods with higher nutrient values.”

The Peace Corps is one of 10 federal departments and agencies contributing to the Feed the Future Initiative. At the Global Forum later today, Peace Corps Acting Director Carrie Hessler-Radelet will deliver the closing keynote address highlighting Peace Corps' contributions to Feed the Future and the agency's work to engage youth in agriculture both domestically and abroad. Read the Feed the Future 2014 progress report released this week documenting the initiative's achievements over the last year here.

About Peace Corps/Ghana: There are currently 143 volunteers in Ghana working in the areas of education, agriculture and health. During their service in Ghana, volunteers learn to speak the local languages, including: Buli, Dagaare, Dagbani, Dangme, Ewe, Fanté, Ga, Ghanaian Sign Language, Gonja, Guruni, Hausa, Kasem, Kusaal, Likipakpaalu, Likpakpaln, Mampruli, Nzema, Sisaali, Taleni, Twi and Waale. More than 4,360 Peace Corps volunteers have served in Ghana since the program was established in 1961.

About the Peace Corps: As the preeminent international service organization of the United States, the Peace Corps sends Americans abroad to tackle the most pressing needs of people around the world.

Peace Corps volunteers work at the grassroots level with local governments, schools, communities, small businesses and entrepreneurs to develop sustainable solutions that address challenges in education, health, economic development, agriculture, environment and youth development. When they return home, volunteers bring their knowledge and experiences - and a global outlook - back to the United States that enriches the lives of those around them. President John F. Kennedy established the Peace Corps in 1961 to foster a better understanding among Americans and people of other countries. Since then, more than 215,000 Americans of all ages have served in 139 countries worldwide.


Thứ Năm, 22 tháng 5, 2014

Raw cashew output may fall 30% on crop damage

Wed May 21, 2014

Raw cashew prices are likely to rise this year, as the domestic production is estimated to go down at least 30 per cent. The prices have gone up 12-14 per cent to touch ` 85 a kg in several growing regions in Konkan, Maharashtra and Karnataka.

Prices of raw cashew nut range between ` 80 and ` 85 a kg in the Konkan and Maharashtra regions, while in coastal Karnataka and Kerala they vary between ` 65 and ` 70 a kg. While the prices are more or less in the same range as in the last year in coastal Karnataka and Kerala after touching a high of ` 80 in March, the prices in Konkan and Maharashtra are still ruling at ` 85 a  kg, after unseasonal rain damaged the grown up crop in these areas in April and early May.

Last year, Phailin cyclone damaged cashew orchards in about 50,000 hectares in the Ganjam district of Odisha and Srikakulm in Andhra Pradesh. The unseasonal rain between April and May this year affected the harvesting in the west coast areas. Overall, the crop loss is estimated at 30 per cent over the last year’s production of 750,000 tons.

“Initially, prices soared in Karnataka and cooled as the harvesting season progressed. In Maharashtra and Konkan, prices still remain at ` 80-85 per kg levels. Currently, the sentiment is low because of unseasonal rain that damaged the grown up crop. We expect this year’s production to slip 30 per cent,” said Walter D’Souza, former chairman of Cashew Export Promotion Council of India and a cashew processor in Mangalore. He said the current year production could come down by at least 200,000 tons.

However, the Directorate of Cashew and Cocoa Development (DCCD) said the new plantations would compensate for the loss in Andhra Pradesh and Odisha. Orchards planted after 2000-01 have started yielding nuts, said Venkatesh N Hubballi, Director, DCCD.

“The cashew tress that were damaged due to the Phailin cyclone were old and were low-yielding. It was not a very big loss in terms of output. We had planted new trees, which are now bearing fruits. We estimate the current year’s production to be 700,000 metric tons — about six-seven per cent less than that of the previous year,” he said.

Indian processing industry requires about 1.4 million tons of raw cashew nuts annually. For  2013-14, India imported 758,111 tons valued at ` 4,458 crore.


Raw cashew nut prices rise 14% to Rs 85 per kg

Wednesday, May 21, 2014

Raw cashew nut prices are on the upward curve this year as the domestic crop is estimated at least 30% lower. The prices have gone up 12-14% to touch a high of Rs 85 per kg in several growing regions in Konkan, Maharashtra and Karnataka following the reports of short crop this year. The prices are ruling in the range of Rs 80-85 per kg in Konkan and Maharashtra region and Rs 65-70 per kg in coastal Karnataka and Kerala, where cashew nuts are grown in big quantity.

While the prices are more or less same as last year in coastal Karnataka and Kerala after hitting a high of Rs 80 in March, the prices in Konkan and Maharashtra are still ruling at a high of Rs 85 per kg after unseasonal rains damaged the grown up crop in these areas in April and early May.

Earlier, last year, Phailin cyclone damaged the cashew orchards in about 50,000 hectares in Ganjam district of Odisha and Srikakulm district in Andhra Pradesh. The unseasonal rains between April and May this year affected the harvesting in the west coast areas. Overall, the crop loss is estimated at 30% over the last years production of 750,000 tonnes. Initially, the prices were high in Karnataka and settled down as the harvesting season progressed. In Maharashtra and Konkan region, the prices are still high at Rs 80-85 per kg.

Currently, the sentiment is low because of the unseasonal rains that damaged the grown up crop. We expect this years crop to be shorter by 30% over the last year, said Walter DSouza, former chairman of Cashew Export Promotion Council of India and a processor of raw cashew in Mangalore. He said the current year crop could come down by at least 200,000 tonnes due to the unseasonal rains.

Agreeing with him, G Giridhar Prabhu, Mangalore-based cashew processor and exporter said, Weather changes are having a bearing on cashew flowering and fruit set is influenced by weather changes. Prices are usually lower in May in any region for the last quarter of the harvesting season. But this year, due to unseasonal rains, the crop is damaged. The harvesting of the crop for this year is nearing completion in most of the growing regions in East and West coast states.

However, the Directorate of Cashew and Cocoa Development (DCCD), government of India has estimated that the new plantations would compensate for the loss of orchards in Andhra Pradesh and Odisha due to cyclone. The new orchards planted after the year 2000-01 have started yielding the nuts, said Venkatesh N Hubballi, Director, DCCD.

The cashew tress that were damaged due to Phailin cyclone were old and were low yielding. It was not a very big loss in terms of output. We had planted new trees from 2000 onwards, which are now bearing the fruits. We estimate the current year production to in the range of 700,000 metric tons, about 6-7% less than last year, he said.

Indian cashew processing industry requires about 1.4 million tonnes of raw cashew nuts annually and it imports about 50% its requirement. For the year 2013-14, India imported 758,111 tonnes valued at Rs 4,458 crore.

Chủ Nhật, 18 tháng 5, 2014

Growth in Vietnamese cashew nut export

Mon May 12, 2014

According to the Minister of Industry and Commerce, Vietnam exported 51,000 tons of cashew nuts for $319 million over the first trimester, i.e. a 19.1% growth in volume and 21.6% increase in a year.  According to estimations from Vinacas (Vietnamese cashew nut association), cashew nut exports could reach 180,000 tons with a $1.8 billion turnover (excl. income from oil and other derivatives - which if included could bring the figure up to $2.2 billion).

Some harvest areas went from 3 tons to 5 during the first few months of the year. However the 10-15% rise in production does not necessarily mean an increase in sales as there is competition from other countries who are also experiencing a rise in volume. Global cashew nut production for the 2013-2014 season is estimated at 2.47 million tons. The largest producing countries are India, the Ivory coast, Vietnam, Guinea-Bissau and Brazil.

Vinacas will work on trade with Australia as well as older import markets such as the USA, Europe, China and Japan. According to their figures, the Australian market is one of the main markets for Vietnamese cashew nuts with turnover growing from $36.8 million in 2009 to $377.7 million in 2013.


Pieces Demand may Continue till Diwali

May 17th, 2014 

Current price for Jumbo half is around Rs5500/Tin/11.34 kilo/Goa-Mangalore. Jumbo pieces are sold at Rs5000/Tin/11.34 kilo/Goa-Mangalore.

Ramadan fast beginning next month followed by Diwali purchases will further boost the market. 

Bulk import is unlikely this year due to steep duty hike.
Source: World Cashew

Consumption on Increase but Supply Shortage in North India

May 12th, 2014

In India, Jumbo half is trading around Rs5450/11.340 kilo/Goa – Mangalore.

In the Wholes category, buyers are prepared to offer Rs6000/11.340 kg/Premium W320/Goa – Mangalore for the June-end contracts.

But there is no selling interest in the forward market.
Source: World Cashew 

Thứ Ba, 13 tháng 5, 2014

Cashew exports to reach $2.2b in 2014

HA NOI (VNS) — The turnover for the cashew sector is likely to be US$2.2 billion this year from exporting 180,000 tonnes of cashew nuts, shipments of nut shell oil and other processed products.

The Viet Nam Cashew Association (Vinacas) forecast was included in a report from the Ministry of Agriculture and Rural Development, which showed that cashew nut exports had reached an estimated 20,000 tonnes in April, earning the country $132 million.
The latest figure brought the total cashew nut export volume up 15 per cent to 73,000 tonnes in the first four months, with sales of $456 million, up 16 per cent in value, over the same period last year.
According to the report, the export price of cashew nuts stood at $6,182 per tonne during the period, 1.8 per cent higher than last year's corresponding period.
The United States, China and the Netherlands remained the three largest export markets for Vietnamese cashew nuts, making up 28.5 per cent, 20.01 per cent and 9.1 per cent, respectively, of Viet Nam's export value.
Vinacas recently unveiled a Viet Nam cashew value programme that targeted raising the value of exports, promoting consumption both in the domestic and foreign markets, and building brands for the country's cashew products.
For the programme, which will be implemented from this year through 2020, the association will co-operate with the HCM City Nutrition Centre to research and assess the nutritional benefits of cashew.
It will collaborate with the Global Cashew Council and its nutritional research programme to promote the nutritional aspects of Vietnamese cashew globally.
The VND20 billion ($947,000) programme will build national cashew brands; register a trademark to protect Vietnamese cashew products in key markets such as the United States, China, and the European Union; and develop new products that are suitable for local tastes. — VNSSource: Vietnam News

VN organises cashew-themed ‘rendezvous'

BA RIA – VUNG TAU (VNS) — The Vietnam Cashew Association (Vinacas) will organise an international conference on the development of the cashew industry in Ba Ria - Vung Tau Province from May 15 to 17.

Some 200 organisations from all over the country are expected to attend along with researchers and buyers from many countries.

Besides speeches and dialogues at an open forum, Vinacas will encourage and enable partners, including buyers and sellers, to work "intimately" to find business opportunities and increase business volumes.

"Private conversation" is an initiative by Vinacas to enable business negotiations and boost volumes for its members and foreign partners.

Last year its members exported a total of 252,561 tonnes of cashew kernel for US$1.57 billion, up 26 per cent in volume year-on-year and 19.58 per cent in value.

The association estimates that in 2014 exports will be around 180,000 tonnes of kernel, earning approximately $1.5 billion.

In the first quarter of this year, 51,000 tonnes were shipped for $319 million, a 19.11 per cent rise in volume and 21.6 per cent increase in value.

A Vinacas official said the conference offered a tremendous opportunity for producers and exporters to meet face-to-face, the best way to do cashew business, and so his association wanted to call it "Golden Cashew Rendezvous 2014".

Importers of Vietnamese cashew usually buy through brokers, and by holding the conference Vinacas is trying to get customers to come and buy directly from cashew businesses. — VNS

Source: Vietnam News

Thứ Sáu, 9 tháng 5, 2014

India's biggest coconut & cashew festival in Goa

Thu May 08, 2014

Cashew nut and coconut, which can be credited with shaping Goa's culinary as well as social identity, are finally getting their due. In its bid to promote the two food items, the State Tourism Department will host one of India's biggest coconut and cashew festival, as an "ode" to these two Goan essentials. The festival is to start on 21st May and go on till 25th May.

"Coconut and cashew nut are an integral part of life in Goa. Right from their use in food and drinks to their contribution to the local economy, these two products have created a lasting impression on Goan culture and lifestyle. This festival, which is being organized for the first time, will focus on the role that coconut and cashewnut play in Goa," according to a statement from the Tourism Department.

The event will feature a wide range of activities like cookery shows, cocktail demonstrations using feni, music concerts and stalls featuring handicraft and artifacts made with coconut shells and other by-products.

Apart from their more rudimentary uses, Goans have traditionally tapped the coconut and cashew crop for manufacturing feni, a potent alcoholic brew unique to the state. Feni is made from either cashew juice or from coconut sap and is also expected to take the spotlight during the festival.

There will be a demonstration of the feni distillation process, which will give visitors a peek into the making of the beverage. Guests will also be able to enjoy some feni cocktails during the event.

Tourism Minister Dilip Parulekar said that the event could be an annual feature on the tourism itinerary. "Coconut and cashew nut are very important for every Goan. We want to showcase its multiple uses to the world. This is the first time we are organising this event and are expecting tourists in large numbers. We are optimistic that it will be a huge success and will turn into an annual event," he said.


Record cashew exports from India

Wed May 07, 2014

Cashew exports rose to a record high last financial year in volume and value compared with the previous year. Total exports during 2013-14 increased by over 13 per cent to 1,13,620 tons from 1,00,105 tons. “Performance in all the segments of exports, including cashew nut shell liquid, roasted and salted cashew kernel showed an upsurge as market conditions were favourable,” said K Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India.

Export of cashew nut shell liquid also rose during last fiscal to 9,226 tons valued at `37.26 crore from 9,192 tons valued at `29.84 crore during April-March 2012-13. The processing-exporting industry has had to depend on imported raw nuts for decade as India cannot produce enough nuts domestically. However, an unfavourable exchange rate, coupled with high (non-parity) prices, has caused a drop in imports of raw nuts which is likely to affect exports later this year.

Imports of raw nuts decreased during 2013-14 to 7,58,111 tons valued at `4,457.72 crore from 8,92,365 tons valued at `5,331.74 crore.


Cashew farmers want Nigerian Government to provide storage centres

May 7, 2014

"We don’t make a lot of profit selling to agents and organisations who later sell to exporters.”

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.


Cashew prices soften a tad in April

Tue May 06, 2014

April witnessed a steady cashew market with a slight softening in prices of W240 and 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 off take in the Indian market but not much increase in prices, said market sources.

The rage of prices last fortnight was for 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 at around $2.60, Splits from $2.40 to $2.50 and Pieces from $1.55 to $1.75 per lb (fob). There are very few offers of brokens at lower end of the range.

RCN Prices decline

After some firmness during March, there was some decline in Raw Cashew Nut (RCN) prices during April but despite that, new trades have been limited as kernel market has been slow. Current RCN prices for shipment are Ivory Coast (IVC) between $925 to $950 a ton C&F, Ghana at around $1,000 a ton C&F, Benin at around $1,025 a ton C&F, SEGABI at around $1,100 a ton C&F.

Afloat parcels and small lots arrived in India and Vietnam of origin IVC, Benin and Ghana are trading at premium of $50-$100, 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. Slow down in RCN purchases May would result in a squeeze in Kernel availability in Jul/Aug

Current prices are the lowest in the last four years and below the average of the last two years, Mr Pankanj N Sampat a Mumbai based dealer told Business Line. 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 two 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 per cent higher and kernel prices are more than 5 per cent 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 per lb (fob) 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”, the trade opined.

Source: Hindu business line.

Thứ Ba, 6 tháng 5, 2014

Speculators Trying Market Domination

May 5th, 2014

Speculators are back in the Indian cashew kernel as the Ramadan month is approaching. This is also the wedding and holiday season. Therefore current demand is much beyond supply.

Sellers are trying to sell Premium W320 around Rs6000/11.34 kilo/Goa-Mangalore. But buyers are confused about pricing on the grounds of stock and consumption.

There is tremendous demand for pieces and splits.
Source: World Cashew