Cashew Kernel Price Today

Cashew Kernel Price Today...

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Thứ Năm, 28 tháng 8, 2014

Tanzania: Sido invents cashewnut shelling machine to add value to produce

Thursday, August 28, 2014

The Small Industries Development Organisations (Sido) in Lindi Region has come up with a small-scale cashew nut shelling machine in a move to help farmers in the South Eastern regions to add value to their crop. In an exclusive interview with The Guardian recently in Lindi Region, Sido Lindi workshop manager Abdul Ndemanga said small-scale cashewnut shelling machine will ensure farmers sell processed cashew and help them to improve the price as well as their livelihoods.

Ndemanga also said that the machine is capable of processing 150 kgs per day compared to the manual work that can see farmers process only 15 kgs a day. “Small-scale cashewnut shelling machines are not expensive at all, we have decided to put affordable price (7m/-) for small scale farmers to buy, and we also advise farmers to purchase it as a group so as to make it easier for them to acquire the tool,” he said.

Sido recently conducted two sessions of training programmes on value addition of cashew nuts products for Lindi farmers in which 82 Small and Medium Enterprises (SMEs) dealing in cashew nuts processing attended. The main objective was to implement One District One Product (ODOP) strategy intended to use rural based resources in the establishment of industries.

The training involved participants from Rural and Urban Liwale and Nachingwea districts. Through the training, the participants were able to acquire various skills on producing various products from cashew nuts such as processed cashew nuts, cashew apple juice, cashew apple wine, Cashew apple salad, cashew apple jam and cashew shell liquid.

The training was very relevant as 96 percent of the cashew nuts from Liwale and Nachingwea districts are sold without adding value and 99 percent of the cashew apple and other cashew byproducts are wasted due to lack of skills on value addition.  In both training, invited representatives from the Local Government Authorities (LGAs) promised to extend cooperation with the participants in the search of appropriate technology from Sido and suitable premises for establishment of small processing clusters.

The participants were advised to be trustworthy to their customers by producing high quality products that would consequently improve their health and livelihood. Sido was established in October 1973 as a parastatal organisation under now Ministry of Trade, Industry and Marketing with the objective to develop the small industry sector in the country.


India: Raw Cashew Charmless, Kernel Export Charmless

Wed Aug 27, 2014

Global raw cashew buyers are cautiously watching the kernel market situation as there is no inventory shortage in Asia. 

Current weather conditions may favor a better harvest in Brazil, Indonesia and Tanzania. There is some noise in the Flores region of Indonesia but otherwise the raw cashew market is silent. Situation needs atleast 10% increase in the FOB kernel prices.  But the strengthening dollar should stabilize in this globalization.


Thứ Tư, 27 tháng 8, 2014

Tanzania: Cashewnut farmers abandon country's leading cash crop

August 25, 2014

Cashewnut production in the country’s south eastern regions is dwindling and latest reports say that the crop might lose its importance as the area’s money spinner in the coming ten years due to a number of factors including delayed payments and the rising production costs. Investigation by this paper done last week has shown that the cost of production in an acre of cashewnut stands at 30,000/-. Comparatively, that is higher than that of sesame which costs only 16,000/-.

Delays in payments and high production costs put aside, the discovery of a new cassava species is another factor which make farmers to shift away from cashewnut production. Cashewnut is currently Tanzania’s leading cash crop. In its 2010 strategic plan, the Cashewnut Board of Tanzania (CBT) had targeted to achieve production of 180,000 tonnes but failed to do so. Statistics from the Ministry of Agriculture and Food Security and Cooperative show that cashewnut production in Tanzania now stands at 127,939 tons per annum, the country hovering between number two and three in the production of the crop in the world after India. Farmers who spoke to this paper at Mbuo village in Mtwara Rural District and Mtua village in Lindi Rural District said they are no longer interested in the production of cashewnut as it is too expensive a venture and very involving. “Cashewnut pays less compared to sesame, that is why I have decided to shift to the latter," said Asha Namkanda, a farmer Mbuo Village in Mtwara Rural District.

She said growing cashew nut needs a lot of money and time, whereas farmers have been experiencing disturbances from government officials especially during the sale of the crop. “As you know, we sell the crop through the warehouse receipt system which is not good to many of us because it takes months for us to get paid,” she said. According to her, as a result, many farmers in the villages and nearby town areas have now turned to sesame and cassava production, which relatively have little involvement.

 The issue of time put aside, she said, the other thing is the price. A kg of sesame for example now sells at between 2300/- and 2500/- , while that of cashewnut does not exceed 1500/-. As for the new species of Kiroba cassava, one kg fetches between 500/- and 1000/- . Most farmers are more interested in this crop because they sell it on cash and not on credit, she said. Sesame on the other hand is sold on cash. The two crops help the farmers to meet their daily demands instantly, instead of cashewnut which the farmers can stay up to one year without getting payment, she said. Luca Mpili, a cassava farmer based in Chilimba village, Masasi District, Mtwara Region, said agricultural production has doubled due to the shift to the farming of these new crops over a couple of years.

“We get training on modern farming and our yields have increased compared to the past,” he said. Citing, he said, he used to get five bags of maize per half acre before the training. But after applying modern farming he harvests between 15 and 20 bags of the grain per season.  Mpili said apart from farming more farmers have embarked on poultry and cattle keeping which have greatly changed their lives. Sophia Malivata, who is also a farmer, thanked CARE International Tanzania for supporting them with agricultural inputs and modern farming techniques.  She said before their intervention, most of the farmers used to plant cashewnut seeds randomly or mixing them with other crops resulting in low yields. Explaining, further she said sesame harvest at her farm has been increasing from 65 kgs in 2011 to 400 kg per acre this year.   According to the Cashewnut Board of Tanzania (CBT), there are many challenges facing the farmers and industry in general including inadequate application of inputs and lack of enough extension services.  Others are changing of weather patterns, HIV/Aids, over-aged trees and general lack of willingness of farmers to plant new trees using improved planting materials.  The presence of a single market for raw cashewnuts leads to unpredictable market show up and monopolistic prices and increasing demand from India for raw cashewnuts underdevelops the local processing capacity.

The initiative by the government through Ministry of Industry and Trade to introduce the warehouse receipt system in the cashewnut growing areas has assisted the farmers to fetch good price on raw cashewnuts. Under this system all cashewnuts are sold to primary co-operative societies hence eliminating the buyers and their middlemen to go to the villages as has been the case before. The cashew nuts purchased are tested for quality and graded before the farmers are paid advance payment of 60 percent of the indicative price. The system currently operates in Mtwara Region whereby the National Microfinance Bank (NMB) extended billions of shillings as loans to Primary co-operative societies under government guarantee for the purpose of purchasing cashewnut and pays 60 percent advance payment to farmers.

Malivata said poor infrastructure is another problem that the farmers have also lamented on saying the state of the rural roads make them fail to trabsport the crop to the markets. "Infrastructure is the most challenging issue in our area, we urge the government to improve all rural roads so that we can easily transport our crops to the market," she said.  For her part, the CARE Tanzania programme coordinator in Lindi and Mtwara Regions Maureen Kwilasa said  they have implemented a five-year project dubbed Women’s’ Empowerment: Improving Resilience, Income and Food Security (WE-RISE) that is aimed at increasing food security for over 24,000 direct beneficiaries. She said Lindi and Mtwara regions face food insecurity, variable climate changes and poor infrastructure. The project which ends next year is striving to address and help guarantee women’s access to use of and control of productive assets, resources and services.


Chủ Nhật, 24 tháng 8, 2014

India: Additional Chief Secretary (Finance) to probe cashew graft

Sat Aug 23, 2014

Kerala High Court has directed Additional Chief Secretary (Finance) to monitor the proceedings of the expert committee appointed by the Government to probe corruption in Kerala State Cashew Development Corporation Ltd.  Reports by C&AG and the Vigilance departments had earlier pointed out corruption to the tune of crores in the Corporation and no action was taken against the management despite their recommendations.

A public interest litigation filed in the High Court demanding CBI enquiry was countered by the State Government saying it had appointed a committee including Industries department principal secretary as the Chairman. However, the Court ordered to appoint the Additional Chief Secretary (finance) to “monitor the proceedings of the committee and ensure that all necessary documents are made available to the committee”. The Court has also ordered to re-nominate a Chartered Accountant or Auditor of a Government Department in place of a private chartered accountant appointed by the Government on the expert committee. A report on the same has to be submitted within a month’s time, considering the allegations that have been noticed by C&AG and the Vigilance Department on the issue, the Court ordered.

“The public interest litigation by me was taken in file and notices were sent to the respondents. The Court has ordered to submit the report within a month’s time and further inquiry will be ordered only based on the report submitted by the expert committee,” said Kadakampally Manoj, former INTUC Kollam district secretary. Advocates A. Sudhi Vasudevan and K. Pushpavathi represented the petitioner.


Thứ Sáu, 22 tháng 8, 2014

Vietnam earns over 1 bln USD from cashew nuts exports in 7 months

August 21, 2014

Vietnam earned some 1.02 billion U.S. dollars from exporting cashew nuts in the first seven months of 2014, up 17.5 percent year-on-year, said Vietnam Customs. Vietnam Industry and Trade Information Center (VITIC) under Vietnam's Ministry of Industry and Trade on Thursday quoted statistics by Vietnam Customs as saying the country exported some 158,000 tons of cashew nuts in seven-month period, up 15.7 percent year-on-year.

The United States, China and the Netherlands remained three largest markets of Vietnamese cashew nuts during the period, accounting for 31.19 percent, 16.3 percent and 11.09 percent of Vietnam's total export revenue of the item, respectively, reported VITIC. Vietnam now ranks  No. 1 globally in the list of major cashew exporters, following India and Ivory Coast, said Vietnam Cashew Association on its website on Wednesday. Earlier, the association forecast that the Vietnamese cashew sector will pocket some 1.8 billion U.S. dollars from exporting 180,000 tons of nuts in 2014.


India: Cashew apple soon used in Tropicana mixed fruit juice drinks

Thursday, August 21, 2014

Starting next year, cashew apple juice will be used in the manufacture of mixed fruit juice drinks sold in India under Pepsi Cola's Tropicana label. PepsiCo India is looking for sources of locally produced cashew apple juice, to bring prices down their production cost by partly substituting the more expensive apple, pineapple and banana juices. They are also meeting consumers' preference for new types of soft drinks. The steady demand for new soft drinks of consumers born between 1980's and 2000's, and of the emerging middle class, is driving many food companies to experiment on a grand scale with flavors and ingredients whose appeal until recently were largely local. The cashew apple is an exotic and practically costless by-product of cashew nut, therefore considered a premium ingredient in new types of soft drinks.

The highly nutritious cashew juice has a high vitamin C content; however, the high tannins content gives it an acrid taste. Only relatively small quantities of cashew apples are commercially processed to juices, mainly in Thailand and Brazil. The very short life of cashew apples, which ferment within 24 hours of picking, poses a challenge to the larger-scale manufacture of non-alcoholic cashew juice. In December 2013, Pepsi partnered with the Clinton Foundation in a program to improve the cultivation, yields, collection and rapid processing of cashew apples, and to incorporate small Indian farmers into the global supply chain.


Tanzania: New cassava species 'Kiroba' luring farmers to shun cahewnut production

Thursday, August 21, 2014

Cassava production in the south eastern regions of the country is not only on the increase, but is threatening to kill cashewnut production in the near future after farmers adopted a new more economic species known as ‘Kiroba’.  Speaking during a tour organised by Care International, Tanzania, cassava farmers at Kilimahewa village in Lindi Rural said they would increase ‘Kiroba’ production after being sensitised by some agricultural stakeholders.

“We thank Care Intenrational, Tanzania for supporting us with the new cassava seed known as ‘Kiroba’ which has high yields as compared to other species,” said Said Mnembela, a farmer in the village. He said many farmers in the village and nearby areas plant the seed described as good for increase income raising and for livelihood. He said, prior to the introduction of the new seed, he used to earn over 50,000/- for one acre of cassava, but now he rakes in 150,000/- for the same quantity.

Another farmer, Zainab Mwaya, said the cassava species has changed lives of many farmers in the area and the entire southern regions. “We all now understand that the crop can be processed and used in baking cakes, bread and the like, she said. She said more farmers have opted to cultivate cassava rather than cashew nut because the crop involves less costs. Cashewnut farming is too costly as compared to cassava, that is why most of us engage in the crop, she added.

For her part, the Programme Coordinator for Pathways and WE-RISE of CARE International in the Southern regions, Maureen Kwilasa, urged farmers to distribute the new seed to farmers in other areas. She said through the programmes, the firm facilitates the provision of skills to farmers on the use of improved seed varieties of sesame and cassava as well as technology behind modern agronomic practices that result in higher crop yields.

According to her, the move is aimed at ensuring the beneficiaries have food security - while being sensitive and conscious to climate change and environment preservation. “There is high demand for the seed in the area where we are working, therefore we urge you to distribute it to the farmers in other villages,” she said. However, she urged farmers to use the money accrued from sales for household development. “We also advocate for women to have similar voice in decision making of land use so that they uplift themselves economically,” she said.

In Tanzania, according to focus groups, men control cash crops, sale of food crops, and livestock. Women typically only control land if they are widowed; otherwise, they have a right to use their husband’s land only when he permits it.


Gambia: Giepa, Eif Train Cashew Farmers On Apple Processing Technologies

Thursday, August 21, 2014

The director of Business Export and Development at the Gambia Investment and Export Promotion Agency (GIEPA) has underscored the significance of building the capacity of producers and processors on quality standard and value added. Mariama Fatajo was speaking recently in Kerewan at a three-day training of trainers for 15 farmers drawn from North Bank and West Coast Regions on cashew apple processing and preservation. She noted that GIEPA with support from Enhanced Integrated Framework (EIF) project of the Ministry of Trade, Industry, Regional Integration and Employment, facilitate and providing such support. The director noted that the mandate of GIEPA is to promote and facilitate investment, business, export development and enterprise development.

She said the need for building the capacity of farmers is high and as a result, GIEPA and EIF attach great importance to it. Generally it is evident that large numbers of apple are wasted during cashew season, as most attention is given to nuts than apple, she said, adding that cashew apple would increase income and boost cashew production. She said there is high potential of market demand size and called on WFP and Mother Nutrition Programme to help promote marketing, noting that it would increase and promote nutritional uptake from cashew apple products. Cashew apple processing would contribute to address malnutrition among children, she said.

Alpha Ousman Jallow, executive secretary of Cashew Alliance Gambia apex organizations, said the training would help farmers to diversify and increase standard and value on processing of cashew apple. Involvement of GIEPA is crucial, as it would help to explore in the marketing of products in and outside the country, he said. He hails the efforts of the Ministry of Trade and EIF with support from International Trade Centre, for mobilizing resources in enhancing capacity of producers and processors.

The skills would contribute to enhance value addition on products, he said and acknowledged that cashew is underexploited due to low capacity to process. He also said that farmers need to increase production at all levels.

Building capacity of cashew farmers on apple processing and preservation would contribute to promote food security and income of producers and processors, Mr Jallow stated.

Awa Marie Gomez, Project Consultant of TEFA Global Solution, noted that building the capacity on cashew apple processing and preservation technologies would increase nutritional development of families, income and reduce post-harvest loss on cashew.

Promotion of innovation technology of cashew apple processing would obviously enhance sustainable livelihood and empower farmers to increase production, she added.

Sheriff Manneh, National Auditor Cashew Farmer Federation, said the association is fully committed to encourage farmers to go for cashew production.

He noted that the association would distribute 300,000 cashew seedlings for farmers in North Bank, Central River and Upper River Regions.

The planting of cashew would contribute to restore forest cover and enhance economic growth, Mr Manneh said, adding that technologies would reduce wastage on cashew apple and empower farmers to provide some of the finished products to poultry and livestock. Lamin Jobe, Food Technology Service at the Department of Agriculture, said the training would reduce post-harvest loss of agro-products and increase marketing.


Thứ Tư, 20 tháng 8, 2014

Guinea Bissau is world’s fourth-largest producer of cashew nuts

Wed Aug 20, 2014

The president of the National Cashew Agency (ANCA) in Guinea Bissau, Henrique Mendes, said the country is the fourth-largest producer of cashew nuts after India, Ivory Coast and Vietnam.

Speaking to Portuguese news agency Lusa, Henrique Mendes also said that annual production of cashews in Guinea Bissau was about 220.000 tons, of which between 60,000 and 70,000 are illegally sold through Senegal whilst the rest is sold through official channels to India.

Mendes noted that Guinea Bissau’s cashews are organic, produced in orchards and have no need of pesticides or insecticides, which makes them far more valuable than those that use chemicals in the production process. He said that the Guinea Bissau’s cashews are the best in the world and noted that they were the only cashews in the world that can be harvested, processed and consumed in the same year.

The president of ANCA also noted the “geographical position” of Guinea-Bissau in relation to Europe, which is the world’s second-largest buyer of cashews after the United States and noted that it should take advantage of this location to increase the product’s international profile.


Cashew set to sparkle on festival demand

Tue Aug 19, 2014

Demand for cashew kernels of different grades is likely to surge over the next few weeks in the domestic market owing to festivals. Globally, cashew markets witnessed limited activities in the first fortnight of this month with offers and trades in the range of $3.60 to $3.75 for W240; $3.20 to $3.40 for W320, $3.10 to $3.20 for W450, $3.10 to $3.15 for SW320, $2.95 to $3.00 for SW360, $2.70 to $2.75 for SSW, $2.65 to $2.75 for butts, $2.55 to $2.65 for splits, $2.10 to $2.20 for large pices all per lb (f.o.b).

In the domestic market, there has been regular steady offtake every month. There have been periodic spurts in demand for brokens for short periods, while domestic prices for splits and pieces have been close to the international price for wholes, according to market sources. For the ensuing Onam festival, demand for splits is expected to pick up while for Diwali, demand for brokens and premium grade kernels would witness an upsurge in the coming days, according to KA Retheesh, Managing Director, Kerala Cashew Development Corporation which processes and markets cashew and cashew products throughout the country.

He said the consumer packs of W-240 grade are sold at `700 a kg, while higher grade W180 is marketed at`900. There is good demand for the latter in metros. Its demand is also expected to move up in the winter months, he told BusinessLine.

Global market

In the overseas markets, there was a fair amount of activity in W320 during June and July with the US and Europe. Depending on the processor and shipment period, trades have been in the range of $3.20 - $ 3.40 per lb (fob), Pankaj N Sampath, a Mumbai-based dealer said. Some business has been done few cents above the range as well for the fourth quarter of 2014 and early 2015 shipments, he said.

Except for small shortages in some areas, 2014 raw cashew crop in the northern hemisphere has been reasonably good and most of it has been sold to processors but some quantities are still with traders.

During the season, raw cashew prices have gone up by $150-250 a ton depending on the origin and quality. On an average, raw cashew prices in 2014 have been 15-20 per cent higher than in 2013, despite the fact that kernel prices have been in the same range as of last year, with some premium for forwards. Prices for broken grades have moved up but since the percentage of brokens in total yield is low, the increased realisation does not compensate the higher raw cashew price. Higher RCN price means that shellers’ margins are probably under pressure. Keeping in mind that southern hemisphere contributes less than 25 per cent of the world crop, many shellers may decide to hold on to part of their stocks, either as kernels or as raw cashew for higher prices during the last quarter, Sampath said.

Since the overall availability is comfortable, there may not be a big jump in the market. But, there is an expectation that prices could move up a bit during September or October when the US/EU buyers cover significant part of their requirements for the first half of the next year.

It will be reasonable to expect more interest in cashews because prices have been in the same narrow range for more than two years, giving room for some increase beyond the current range as prices for other nuts are higher than last year’s, sources claimed.

Source: Hindu business line.

Thứ Ba, 19 tháng 8, 2014

Making Cashew A Cashcow: Here Is How Cashew Will Yield Ghana $1m In 4 Days

August 19, 2014

Later this year Ghana will host an event focused on cashew, not about how to consume the fruit – of which there are many delicious ways, but about how to cull cash from cashew. This is made more appetizing by the fact that the four day event on the cash-crop will yield a million dollars for Ghana’s economy. The Cashew event, African Cashew Alliance’s ‘World Cashew Festival and Expo’, will eventually do more than rain in a million dollars as over 400 delegates from around the world and all levels of the cashew value chain will be expected to flood the West African nation with the primary agenda of striking business deals, sharing knowledge and discussing the future of the cashew industry, exercises that will undoubtedly move up Ghana’s present cashew export revenue of $18 million as well as boost the revenue of other African producers.

Cashew is a high value cash-crop with vast variation of uses and byproducts. The importance of the cashew nuts and the cashew apple ranges from being processed a snack or used in recipes, to been processed into fruit drinks or distilled into liqueur. The shell of the cashew nut yields derivatives that can be used in many applications from lubricants to paints, and other parts of the tree for the making of medicines. This varied uses make it an attractive commodity for exportation, however, fluctuations are increasing regular across world market prices.

India earns more than $200 million a year by exporting 40,000 to 50,000 tonnes of cashew kernels and the country’s trade-links are spread over 40 countries. Cashew is a craze in the United States which is by far the largest buyer. The other major purchasers are Japan, Australia, Canada, HongKong, Singapore and the countries in the Middle East. Thus, at $18 million of export revenue, Ghana’s cashew industry is relatively small compared to global competitors, ranking low even in Africa. It is below Nigeria (with a 2012 export revenue estimate of $22.27 million), Ivory Coast, Benin Republic and Guinea Bissau. However, cashew processing in Ghana ranks among the most industrialized in Africa with the country now having the capacity to process far more cashews than it harvests.

This lack of industrialization costs Nigeria 50 percent of its annual cashew production, according to the country’s Cashew production association. The National Cashew Association of Nigeria (NCAN) had in February complained that 900,000 tonnes of the 1.8 million tonnes produced in Nigeria ended up wasted because of the dearth of processing infrastructure.

Ghana is saved such losses because of the advancements in its cashew industry, thanks in part to the work of African Cashew Alliance headquartered in Accra. The Alliance has coordinated efforts from companies, non-profits and various government agencies to boost investment in cashew production in Africa. In 2009 the Alliance helped steer a $25 million grant from the Gates Foundation to Benin, Burkina Faso, Ivory Coast, Ghana, and Mozambique for development of their respective industries. Later that year the ACA received a grant from USAID/West Africa to assist cashew entrepreneurs in the region obtain access to financing. In December 2010, USAID West Africa, the ACA and the Economic Community of West African States (ECOWAS) Bank of Investment and Development signed a Memorandum of Understanding to open access to long-term financing to processors.

This year’s Festival, set to take place at the Accra International Conference Centre from 11-14 November 2014, was originally planned for Kenya, a plan that didn’t materialise due to what ACA described as operational difficulties.

“We are very much a pan-African organization, so of course we try to move the Festival around the continent as much as possible,” said ACA’s Communications Manager Craig Duncan, explaining the hitherto choice of Kenya. However, with regards to the failed move to Kenya, he adds; “But at the same time, as an organization incorporated and headquartered in Ghana, when in doubt we bring the Festival back home. This is not just because of our strong membership base among the Ghanaian cashew sector – it’s also because we can be certain of a strong international attendance, on account of Ghana’s reputation as being at the forefront of industrialized cashew processing in Africa.


Vietnam: Improving Exported Cashew Quality

August 18, 2014

The Ministry of Agriculture and Rural Development and the Vietnam Cashew Association recently organised the International Cashew Conference in 2014 in Vung Tau City, Ba Ria - Vung Tau province. The event drew the attendance of more than 250 export cashew nut processors from more than 40 countries around the world.

According to industry experts, Vietnam’s expansion of cashew nut markets will face up with enormous difficulties due to stiff competition. Without proper investment for quality improvement and processing capacity, Vietnamese products will be placed on heavier pressures.

In the current context, shifting from low-end mass production to high-quality manufacturing will help Vietnam's cashew industry to penetrate into difficult markets and earn more profits. In 2013, Vietnam exported over 261,000 tonnes worth US$1.65 billion, up nearly 18 percent in volume and approximately 12 percent in value over 2012. In 2014, with focused investment for expansion, the cashew is expected to attain US$2.2 billion of export turnover. The value of downstream processed cashew nuts is hoped to be increased from 8 percent to over 10 percent.


Chủ Nhật, 17 tháng 8, 2014


AUG 17, 2014

Cashew prices (FOB origin) in Weeks 32 and 33 :
W240          US$ 3.60 to 3.75
W320          US$ 3.20 to 3.40
W450          US$ 3.10 to 3.20
SW320        US$ 3.10 to 3.15
SW360        US$ 2.95 to 3.00
SSW           US$ 2.70 to 2.75
Butts          US$ 2.65 to 2.70
Splits        US$ 2.55 to 2.65
Large Pieces US$ 2.10 to 2.20

In the first half of August 2014, there has been limited activity in the cashew market. Offers and trades have been in the range of W240 from 3.60 to 3.75,  W320 from 3.20 to 3.40, W450 from 3.10 to 3.20, SW320 from 3.10 to 3.15, SW360 from 2.95 to 3.00, SSW from 2.70 to 2.75, Butts from 2.65 to 2.75, Splits from 2.55 to 2.65,  Large Pieces from 2.10 to 2.20 FOB.

During June & July, there was a fair amount of activity in W320 with USA & Europe - depending on the processor & shipment period, trades have been in the range of 3.20 to 3.40 FOB.  Most of the business at lower levels has been for nearbys.  Fair amount of business has been done at higher end of the range for shipment upto Dec 2014.  Some business has been done few cents above the range as well for fourth quarter 2014 + early 2015 shipments.

There has not been much activity in W240 - differential has narrowed to about 30-40 cents from the earlier 50-60 cents per lb.  Availability of W450 / SW is lower than normal and differential is about 15-25 cents from W320.  Prices for Broken grades have moved up sharply – differential is less than 75 cents for Splits & Butts and about 1 dollar for Pieces.

In the Indian domestic market, there has been regular steady offtake every month.  There have been periodic spurts in demand  for brokens – for short periods, domestic prices for Splits & Pieces have been very close to the international price for Wholes !!

Except for small shortages in some areas, 2014 crop in Northern Hemisphere has been reasonably good - most of it has been sold to processors but some quantities are still with traders.  During the season, RCN prices have gone up by 150-250 dollars per mt depending on the origin and quality.  On an average, RCN prices in 2014 have been 15-20% higher than 2013, despite the fact that kernel prices have been in the same range as last year (with some premium for forwards).  Prices for broken grades have moved up but since percentage of brokens in total yield is low, the increased realisation does not compensate the higher RCN price.

Higher RCN price means that shellers margins are probably under pressure. Keeping in mind that Southern hemisphere contributes less than 25% of the world crop, many shellers may decide to hold on to part of their stocks (either as kernels or RCN) for higher prices during the last quarter.

Since overall availability is comfortable, there may not be a big jump in the market.  But, there is an expectation that prices could move up a bit during Sep/Oct when USA / EU buyers cover significant part of their requirements for first half of next year.  It would be reasonable to expect more interest in cashews because prices have been in the same narrow range for more than 2 years (giving room for some increase beyond the current range because prices for other nuts are higher than last year).

We would appreciate your comments on market situation, views on trend + likely developments, any special information… and your interest.

Pankaj N. Sampat | SAMSONS TRADERS

India: Pieces Consumption should be Maintained

 August 17th, 2014

Too much expectation is always too bad. Processors can lift Premium Jumbo Half price much beyond Rs6500/11.340 kgs if tried till September. But if the price becomes unreasonable then the consumption will always drop.

For a healthy market, demand supply and consumption should be maintained. Therefore we believe that the price Rs6500/Premium Jumbo Half/Goa-Mangalore is right enough to balance the chain.
Source: World Cashew

India: Pieces Towards a New High

 August 15th, 2014

Premium Jumbo Half is now selling at Rs6000/Tin/11.340kgs/Goa-Mangalore. Some traders firmly believe that the price will hit a new peak of Rs7000 during the Onam holidays.

Onam festival begins on 29th August and will be celebrated for 10 days across Kerala.
Vinayaka festival is on 29th August.

A very interesting situation is arising in the pieces market.
Source: World Cashew

Thứ Năm, 14 tháng 8, 2014

India: Higher unit value affects cashew kernel exports

Wed Aug 13, 2014

Export of cashew kernels continued to decline during the current fiscal as a high unit value continued to be a deterrent. At the same time, imports of kernels from other origins also fell between April and July. While competition from other nuts coupled with rise in kernel prices are attributed to the decline in exports, a higher import duty is pointed out as the reason for the lower imports of kernels, trade sources said.

“A sharp rise in the imported raw cashew nut prices has resulted in a corresponding increase in kernel prices,” Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India, told BusinessLine. Industry sources at Kollam said the rise in raw cashew prices has pushed the kernel prices up and a parity price from exports is not available. “We have to import to as the indigenous raw cashew production is below 50 per cent of the industry’s annual requirement,” they said.

Between April and July, total exports stood at 34,917 tons valued at `1,529.16 crore at an average unit value of `437.95 a kg as against 41,502 tons valued at `1,617.28 crore at the unit value of `389.69 in the same period a year ago. Similarly, shipments of roasted and salted cashew dropped to 278 tons valued at `11.15 crore from 684 tons worth `24.02 crore last year. There has been a significant rise in the unit value of cashew nut shell liquid and consequently its exports dropped to 2,088 tons valued at `9.92 crore against 2,752 tons worth `10.21 crore. The unit value this year was `47.52 a kg as against `37.10.
Raw cashew import

In contrast, imports of raw cashew increase during the first four months of the current fiscal despite a sharp rise in prices. Between April and July this year, 4,25,090 tons of raw cashew valued at `2,767.29 crore were imported at an unit value of `65.10 a kg. Imports during the same period last year stood at 3,52,203 tons valued at `1,931.85 crore at an unit value of `54.85 a kg. According to KA Retheesh, Managing Director, Kerala State Cashew Development Corporation, increased offtake by Vietnam has pushed up the demand for raw cashew. He said nearly 50 per cent of the raw cashew processed in the country is absorbed by the domestic market.


Thứ Ba, 12 tháng 8, 2014

Potential Impact Of Ebola On West African Economies

By Paul Adepoju
August 6, 2014

Even though Ebola is a viral disease, its ripple effect are far-reaching and can be felt in various sectors of the economies of the affected nations. In West Africa where the disease is rapidly spreading, signs of negative economic impacts are already manifesting.

Last weekend, popular Dubai carrier, Emirates, announced it has suspended flights to Guinea, one of the West African countries hit by Ebola pandemic. The announcement made Emirates the first major airline that had banned flights as a result of the Ebola outbreak in West Africa.

Emirates in a statement said it takes the safety of its passengers as its highest priority adding it would not compromise on the priority.

In addition, Arik Air, Nigeria’s largest airline last week announced suspension of flights to Sierra Leone and Liberia, two countries that are also dealing with the Ebola disease; while Nigeria’s civil aviation authorities had also banned Asky, a pan-African airline which brought the first case of Ebola viral disease to Lagos, southwest Nigeria.

Toyosi Abiodun, a ticketing with one of Nigeria’s major airlines said the last has not been heard on airline and flight suspensions. According to Adiodun, the latest announcement by Emirates could be followed by other similar announcements by major international carriers.

“They are always waiting for one of them to take decisions such as suspending flight operations to a particular destination then others will follow suit after assessing the response to the initial action. I won’t be surprised if several other international airlines make similar announcements in the coming days,” Abiodun said.

When flights to a particular destination are suspended, for the period while the suspension lasts, foreign exchange in several sectors including aviation, tourism and commerce would be affected.

“Airlines are the ones that bring foreign tourists, investors and expatriates to any country. It is therefore logical to say that as long as flights are suspended, there wouldn’t be new tourists visiting the region, even those that are already in the affected areas would be making frantic efforts to leave. The impact would become harder as the suspension enters days, weeks and months,” Abiodun said.

He added it could also make it difficult for volunteers wishing to help in fighting the scourge to gain access to affected countries.

Blow to Medics

“Although many of the big medical agencies either have their own aircrafts or have access to one, individual volunteers who just want to help may be discouraged from visiting if there are no airlines with flights to the countries. They may just decide to stay back and wish West Africa well.”

Chinedu Okpara, an economist however believes the impacts of the disease would affect the economy of countries that are not major oil-producing nations more than those that export crude oil.

“This is one of the few instances where total reliance on oil is actually a good thing because as long as oil is available and the price is right, China, USA, Russia and other big buyers of oil will also find a way to get to the oil rigs and the nations would have enough funds to sustain their economies,” Okpara said.

“But if agriculture, trade and tourism are the fulcrums upon which the economy revolves, as it is in many West African states, urgent actions would be needed to avert dangerous economic outcomes,”

In Lagos, Nigeria’s commercial capital, pandemonium would break out if there was to be a full blown Ebola outbreak. A sector such as small and medium-scale enterprise would collapse completely starting with the informal markets that are patronised daily by thousands of Lagos residents.

Lagos Lock Down

In a typical Lagos market, there are interactions and physical contacts due to competition for small spaces and the haphazard arrangement of the stalls. Thus if there is an Ebola outbreak, such markets would be shutdown to prevent fatal outcomes and widespread infection of previously unexposed individuals.

Nigeria, the leading economy and largest oil producer in Africa, is the most populous country on the continent with a population of over 170 million people.

“It would be very serious if markets in Lagos such as the ones at Oshodi, Tejuosho and several others are shut down in the advent of an Ebola outbreak,” Mayowa Ogunjobi, a Lagos resident said, adding that anything that would affects these markets would cripple the economy at the the citizenry level and the local government would also suffer since there would be great depletion in its internally generated revenues (IGR).

For Daniel Muyiwa, an economist, an Ebola outbreak in Lagos alone could have negative impacts on the economy of other cities: “Like other major markets across Nigeria, Lagos markets are not just patronised by Lagos residents alone, people come from nearby cities and from afar to buy goods and products because they believe some stuffs are cheap here. The case would be similar to what happened when it was difficult to get some foodstuffs from northern Nigeria to other parts of the country due to the security crisis. The impact was felt nationwide, not to talk of those that became unemployed.”

Muyiwa said it was unfortunate that Ebola was still being treated as a medical problem. “It is an assault on the existence of mankind on this part of the world.”

West African countries are already aware of the threats the disease pose to their economies and are making concerted efforts to combat the disease; they are also looking inwards and campaigning from one place to another on what to do to prevent the disease and how to make provisional diagnoses.

But the numerous porous borders still make it possible for infected individuals to move from one country to another, which means the risks remain high.


U.S. Poultry, Nut Producers Face Sales Hit From Russia Food Ban (Industry Officials Expect Muted Overall Impact on Farm Sector)

Aug. 7, 2014 

Russia's ban on food imports from the U.S. could trim revenues for producers of almonds, poultry and other agricultural products, though the impact on the U.S. farm sector is expected to be muted overall, industry officials said Thursday.