Cashew Kernel Price Today

Cashew Kernel Price Today...

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Thứ Ba, 30 tháng 9, 2014

ACA trains techniques for Beninoise farmers

Sep. 29, 2014

Over the weekend, an ACA team traveled to Parakou, Benin to facilitate a two-day Training of Trainers course on “Good Agricultural Practices for Management and Maintenance of Cashew Farms”. These trainers will now return to their respective villages to collectively train 2,000 farmers.

The budget for this particular part of the project includes payments for trainers. The details of the implementation of this project will vary from country to country (e.g. in some countries the trainers will be government employees, paid directly by their employers as part of their wider work), but in this particular case the trainers are paid by ACA. The success of the resulting training sessions will be monitored by partners in the processing sector, who are of course very keen to see a rise in the quality of locally-harvested nuts.

Source: ACA

Tanzania: Manual to Improve Cashew Nut Value Chain Launched

September 29, 2014

THE United Nations Development Organization (UNIDO) in collaboration with the government has set up a cashew nut processing and simplified export manuals to guide entrepreneurs who want to engage in export business to improve the value chain of the cashew nuts in the country. The document was launched over the weekend by the Minister for Industry and Trade Dr Abdallah Kigoda in a ceremony attended by officials from private firms and other stakeholders.

"I am aware that the manuals we are launching today contain important and necessary information to guide investment and operations in the production and trading of cashew nut and other related products," he said. Dr Kigoda pointed out that the manuals were important as they would help SMEs in acquiring important and necessary information particularly in the access to international market... an aspect that has been very difficult to execute basing on their abilities.

"Our SMEs being able to export cashew nuts and the related products to the international market would get better and competitive prices and their exposure to such competitive environment would stimulate innovativeness and creative thing which is very important ingredient for their survival in the market," he said. According to Dr Kigoda, the initiatives are in line with the national and sector specific policies aiming at boosting the agricultural sector.

"I therefore encourage you to do more beyond just launching so that the intended results may be released by the targeted groups and the national economy at large," he added. Dr Kigoda said that the Cashew Nut Processing and Simplified Export Manuals will also provide the roadmap in addressing high factor costs, inadequate technology or lack of equipment, shortage of qualified labour, insufficient production capacity, unfair competition and weak technical support among others.

On the other hand, the UNIDO Representative in Tanzania Mr Emmanuel Kalenzi said the main objective of setting up the manuals was to guide the entrepreneurs on the procedures to follow and what is required for them.

"The aim is to breaking the knowledge and skills barriers on the part of our entrepreneurs and partners active in cashew business and those engaged in export as we endeavour to advance the agenda for inclusive and sustainable industrialization now broadly acknowledged as the key growth and jobs with direct impact on poverty," he noted. According to statistics, an estimated 300,000 farmers are engaged in cashew production and directly feed the processors that are targeted in the manual.



UNIDO's cashew nuts processing, export manuals will boost sector performance, says Trade Minister
September 29, 2014

The Cashew nuts Processing and Simplified Export Manuals by United Nations Industrial Development Organisation (UNIDO) will significantly boost the sector’s performance, Industry and Trade Minister Dr Abdallah Kigoda has reassured stakeholders and farmers. Speaking at the official launch of the manual over the weekend in Dar es Salaam, the minister said, following the manual will systematize increased productivity and sustain growth of the sector.

“It will create employment, generate income and contribute to government’s earnings,” he emphasized.  Dr Kigoda described the manual as ‘one of the few commendable innovations in the cashew value chain.’

“The manual ensures resource optimization…processing of cashew apple also means improving nutrition since the apple is very rich in vitamin C…this is expansion of the value chains,” he explained. Dr Kigoda who is also the Handeni lawmaker said rurall communities that produce the crop stand to gain the most from the multiple benefits in the production of cashew nuts.

“The The Cashew nuts Processing and Simplified Export Manuals also contains important and necessary information to guide investment and operations in the production and trading of cashew nut and related products,” noted the Industry and Trade Minister. “It guides on how our SMEs can be supported with the information related they need particularly in the access of international markets…a key aspect that SMEs have until now not being able to secure,” the minister went on to say.

 “As SMEs access the international markets, they can expect to get better competitive prices, and their exposure to these competitive environments will stimulate innovativeness and creative thinking that are very important ingredients for their survival in the market,” Dr Kigoda said.

“This is in line with National and Sector Specific Policies which aim at boosting the agricultural sector that is the main source of income for livelihoods of over 70 per cent of Tanzanians residing in the rural areas,” the minister detailed.

He said the manual compliments the country’s long term development plans which advocate for resource based industrialization as a driver for the social economic transformation.

“It is also in line with the Kilimo Kwanza initiative geared at improving production and value addition to crops,” Dr Kigoda added. He reiterated that the government conceives industrialization as the main catalyst to transform the economy, generate sustainable growth and reduce poverty.

“These industrial policies are the government’s measures aimed at improving competiveness and capabilities of domestic manufacturing firms and promoting structural transformations,” he said.


Binh Phuoc established steering committee for sustainable development of the cashew industry

September 25, 2014

The Steering Committee consists of 23 members, chaired by the Permanent People's Committee vice chairman Nguyen Van Loi as the Chairman, Mr. Nguyen Van Go - Director of Department of Agriculture and Rural Development Deputy Permanent Committee. Department of Agriculture and Rural Development Standing Committee shall direct the apparatus used, payroll, stamp and physical facilities, equipment and means of municipal operations. The Steering Committee is responsible for research, the Chairman proposed guidelines and measures, mechanisms and policies under management to accelerate the review, planning, planning and organizing implementing sustainable development conditions in Binh Phuoc Province. /.

Source: DARD Binh Phuoc

Vietnam: First 8 months of 2014, exports of cashew nuts to the market growth

September 26, 2014

Cashew export country in the first 8 months of 2014 reached 198 743 tonnes with a turnover of 1.29 billion dollars; by 20.2% in volume and 21.5% in value compared to the same period in 2013.

Cashew export prices on average 7 months to reach $ 6,438 / ton, up 1.4% compared to the same period in 2013, the United States, China and the Netherlands continued market is 3 largest nuclear import of Vietnam South . In particular, the United States exports reached 367.84 million, accounting for 34.67% rate of turnover, up 14.83% over the same period; exports to China reached 175.7 million, accounting for 16.56%, 8.17% and exports to the Netherlands reached 110.79 million, accounting for 10.44%, an increase of 34.22%.

Exports of cashew nuts to 8 months in most markets have a positive growth rate over the same period; which markets more than 100% growth in turnover as Japan increased 174.65%, 134.71% increase UAE, Pakistan increased 130.47%, 116.78% increase France, Greece increased by 104 , 84%. In contrast, the decline in export markets India, Ukraine and Russia with respective decreases 92.77%, 31.68% and 16.13%.

According to the Vietnam Cashew Association (VINACAS), which currently has 338 branches clue processed and exported to more than 80 countries and territories.

Customs data export cashew May 8 2014 Unit: USD


8T / 2014

8T / 2013
8T / 2014 over the same period (%)
United States
422 405 840
367 841 872
190 048 917
175 698 675
148 697 345
110 789 232
32.20354 million
United Arab Emirates
6.11899 million
16.21989 million
9.68847 million
New Zealand
Hong Kong
South Africa
3.03747 million
650 295

Source: Vinanet

Vietnam’s farm exports increase over 10pc in first 9 months

September 28, 2014

Vietnam is expected to earn 22.66 billion US dollars from agro-forestry-fishery exports in the first nine months of 2014, up 11.4 percent year-on-year, according to a report by Vietnam’s Ministry of Agriculture and Rural Development (MARD).

Cashew exports help Vietnam make 1.46 billion US dollars in the nine-month period, up 21.8 percent in value. During the period, Vietnam ships to world markets some 225,000 tons of cashews, up 19. 6 percent in volume year-on-year, said the MARD report.


Chủ Nhật, 28 tháng 9, 2014

iNDIA: Cashew exports decline on surging raw nut prices

September 24, 2014

Export of cashew kernels continued to show a declining trend while the domestic demand has witnessed an upsurge, of late.

Shipments of cashew during April-August 2014 fell to 46,240 tonnes valued at ₹2,031.05 crore from 52,771 tonnes valued at ₹2,120.04 crore during the corresponding period last year, according to Cashew Export Promotion Council of India (CEPCI) sources.
The unit value during the current fiscal stood at ₹439.24 a kg against ₹401.74 last fiscal, he said. So far during the current fiscal there has been a decline in exports of cashew kernels and allied products, K Sasi Varma, Executive Director and Secretary, CEPCI, told Business Line.
“High raw nut prices resulted in high kernel costs which makes it difficult to sell in overseas markets. Consequently, more quantities are sold to the domestic market,” he said.
Export of salted and roasted kernels dropped to 488 tonnes valued at ₹18.99 crore at the unit value of ₹389.46 a kg from 842 tonnes valued at ₹30.40 crore at the unit value of ₹360.84 during the period under review last fiscal.
Cashew nut shell liquid shipments also fell sharply to 3,095 tonnes worth ₹13.54 crore from 4,023 tonnes valued at ₹14.63 crore in the first five months of last year.
Meanwhile, imports of raw cashew nuts (RCN) have soared to 5,79,215 tonnes valued at ₹3,799.71 crore at the unit value of ₹65.60 a kg during April-January 2014 from 4,86,574 tonnes valued at ₹2,638.01 crore at the unit value of ₹54.22.
KA Retheesh, Managing Director, Cashew Development Corporation, said that Indian annual cashew exports used to be around 1.25 lakh tonnes from the organised sector which sells an equal quantity on the domestic market also. At the same time around 1.25-1.50 lakh tonnes of cashew kernels are marketed in the country by the unorganised sector. The demand is mainly for the pieces while wholes have also good demand. The peak demand season has started and it has already reflected on the prices which have gone up by 25 per cent, he said.
The prices of wholes at present ranges between ₹800 and ₹1,000 a kg whereas in the international market the average price rules at around ₹440.
During the season, RCN prices have gone up by $150-250 a tonne depending on the origin and quality. On an average, RCN prices in 2014 have been 15-20 per cent higher than 2013, Pankaj N Sampat, a Mumbai-based dealer said.


Tanzania: Handeni Farmers Turn to Cashew Nuts, Simsim to Boost Earnings

Thu Sep 25, 2014

HANDENI District in Tanga Region is introducing simsim and cashewnut as alternative cash crops to boost farmers earnings, the Minister for Industry and Trade, Abdallah Kigoda has said. Kigoda, also a Member of Parliament for Handeni constituency, said at a public rally that maize farming, which has been relied for many years as both food and cash crop, has faced many challenges.

"For many years farmers have relied on maize as their food and cash crop but its cultivation has faced a lot of challenges although harvests in the previous season were good," he said at the rally organised following a tour of the ruling party CCM Secretary General , Abdulrahman Kinana. The CCM leader is in a tour of Tanga Region to inspect implementation of promises of the ruling CCM election manifesto in nine constituencies of the region.

The Industry and Trade Minister said the government was planning to supply electricity in Handeni villages to stimulate economic activities and foster social and economic development. He said they were negotiating with TANROADS to use buildings left after road construction as an institute of vocational education training for students who complete primary and secondary education.

Meanwhile, Mr Kigoda said they would send application to relevant authorities to consider upgrading the status of Handeni District to a region. The district deserved to get new status given its size and population, he said. In another development, Handeni District is aiming to begin exporting beef by 2016.

This was revealed by the Handeni District Commissioner, Muhingo Rweyemamu when he was presenting report of implementation of promises of CCM election manifesto at the party's National Executive Committee at the district level. The NEC meeting was convened following the tour of CCM Secretary General, Abdulrahman Kinana in the district.

Muhingo said district authorities had begun providing education to farmers on best animal husbandry practices and maintaining of quality of pasture.


India Cashew council elects members

Thu Sep 25, 2014

TK Shahal Hassan Musaliar of TKM Agro Ltd, Coimbatore has been unanimously re-elected as the Chairman of the Cashew Export Promotion Council of India. P Sundaran of Sreelekshmi Cashew Company, Kollam was also unanimously re-elected as the Vice-Chairman. This is Musaliar’s eight term as Chairman of the Council.

Source: Hindu business line.

Cashew stock lost in fire


In a fire in the early hours of Sunday, raw cashew stock worth about Rs. 7 lakh kept in a sorting unit owned by Thirugnanasambanda- murthy of South Sathipattu, near Panruti, was reduced to ashes.
On information, fire tenders were rushed to the spot from Panruti to put out the flames.
The Kadampuliyur police are investigating the cause of the fire. — Special Correspondent
Source: India Times

Empowering farmers in Tanzania through the warehouse receipt system

Old news
When farmers have secure access to credit and reliable storage facilities for their grain, it gives them the option to sell when they can get the best price. This means that in a situation of rising food prices small farmers stand to benefit, not to lose. The warehouse receipt system, introduced through the IFAD-supported Agricultural Marketing Systems Development Programme in Tanzania, is now being mainstreamed by the government throughout the country.
Maimuna Omary Ikanga weighs her maize in the Qash receipt system warehouse
Credit: IFAD/M. Millinga
The harvest has been good. It’s the end of a busy day and Maimuna Omary Ikanga, a farmer from Qash in the Babati district of Tanzania, has loaded an ox-drawn cart with sacks of grain harvested on her land. She sets off to the warehouse where attendants weigh the grain, measure moisture levels and stitch up the sacks for storage. They give Maimuna a warehouse receipt for her grain.
That receipt is no ordinary piece of paper. It represents an opportunity for Maimuna to grow as a small-scale entrepreneur and continue to lift herself and her family out of poverty. With the receipt, she can use her stored grain as collateral to get credit at reasonable interest rates, and she can continue to build the small business she started in the early days of the receipt system.

“Before, I was harvesting my crop and selling it at a low price, which was all I could get,” says Maimuna, who grows maize, peas, beans and sunflowers. “Now, if I store it, get a loan and wait for prices to go up, I can make a profit.”
Linkages are key to success
Amina Isare and Sellemn Ally treat maize with pesticides at the Qash receipt system warehouse
Credit: IFAD/M. Millinga
The warehouse receipt system is the result of a collaboration between two IFAD-funded projects that are being pioneered in the Babati district. The success of the system relies on a series of linkages that are being addressed by IFAD’s projects in Tanzania. They involve access to storage facilities, credit, markets and market information.
The Agricultural Marketing Systems Development Programme (AMSDP) was set up in 2002 to improve the structure and performance of Tanzania’s crop marketing systems. The seven-year programme, which ends in 2009, is working in four main areas:
  • developing agricultural marketing policy
  • empowering small producers by building their entrepreneurial and organizational capacity and improving their links to markets
  • providing marketing-related financial services so that small farmers can secure loans to cover the period between harvest and sale
  • developing rural marketing infrastructure, including storage facilities, marketplaces and roads
The infrastructure component of the AMSDP has built safe, managed storage facilities for farmers that fulfil all the requirements for maintaining the quality of the product.
Maimuna Omary Ikanga and helpers take her produce to the receipt system warehouse in Qash, Babati district
Credit: IFAD/M. Millinga
The Rural Financial Services Programme supports the creation of savings and credit cooperatives (SACCOs) formed by local communities, which allow poor rural people to get much-needed credit at reasonable rates. The warehouses have been built or rehabilitated in areas where SACCOs have considerable experience. Once the harvesting season begins, SACCOs managers submit a loan application to the bank. The warehouse manager issues a receipt to the farmer when the produce has been deposited in the warehouse. The farmer can use this receipt to obtain a loan from the SACCOs of up to 70 per cent of the value of the deposited stock. Farmers can then wait for better prices before they sell.
“The warehouse receipt system is an arrangement that solves two problems: the lack of storage facilities in the district and the difficulty of obtaining credit,” says Vincon Nyimbo, marketing specialist of the AMSDP. “At certain times of the year farmers need cash for various reasons. These warehouses help manage the food security issue and the marketing issue.”
Historically banks have been reluctant to finance agricultural-related activities. The uncertainty of external factors such as drought or floods makes investment too risky. The warehouse receipt system provides a way of getting around that.
Crop prices usually decrease drastically during the harvest season, but after three to six months the prices may double or triple. Farmers without storage are forced to sell their produce when market prices are low. Traders often exploit this situation. They have storage facilities and can sell with a good profit margin once market prices improve.
The links to markets and to up-to-date market information forged by the AMSDP and the First Mile Project, which is supported by the Government of Switzerland, are a third factor in the success of the warehouse receipt system. Farmers in Babati, for example, are well informed of movements in the markets and they are able to access markets rapidly, so they can wait to sell at the right time for the best price.
Profits for investment
Labels identify stored rice in the Magugu warehouse
Credit: IFAD/M. Millinga
The warehouse receipt system has had an immediate and positive effect on farmers’ incomes. Some have been able to use the credit to venture into new enterprises.
In 2006, when the harvest was good, Maimuna and others nearly doubled the income from their produce. “We kept it in the warehouse when the price was 15,000 Tanzanian shillings (US$13) for a 100 kilogram sack and we sold for 26,000 shillings a sack when the price rose.”
Maimuna invested her profits in a satellite dish, a television set and a generator. With the nearest electricity source 10 kilometres away, this was a major attraction for the community.

“I bought it to watch the World Cup,” she says. She charged fellow villagers to watch the football matches on her television set. “To tell the truth, I was making money! In just a day I was making 18,000 to 20,000 shillings. And it went on for a month...” Maimuna is now building a second house. If harvests continue to be good, perhaps she will be able to finish it next year. Maimuna has also become a SACCOs chairperson. She is responsible for organizing meetings and represents members of her association at the meetings.
More and more farmers have been using the system. As a result, the SACCOs have been able to obtain bigger loans on more favourable terms, which in turn has had a positive impact on farmers’ incomes. Farmers in other areas are demanding that the system be extended. Outside the programme area some farmers’ associations have even been implementing warehouse receipt systems with their own funds.
In view of the success of the system in Babati and other districts, the government wants to extend it throughout the country.
“We are in the process of refining the system so that we can give practical recommendations to the government as it replicates the system,” says Nyimbo. “It was important, for instance, that there was a legal framework for the operation of the warehouses. The Warehouse Receipt System Act of 2005 allows the private sector to own and manage warehouses. This is an excellent example of how programmes like this can have a direct impact on policy development within the country. The Act was an answer to needs identified while piloting the warehouse receipt system.”
Source: IFAD

Strengthening cashew production in Ghana

Old news

Nearly 40 % of the global cashew crop is produced by about 1.5 million small farmers in Africa. In Ghana, GIZ has undertaken the African Cashew initiative (ACi) which aims to improve the competitiveness of cashew producers, increase their incomes, and improve their business skills. In essence the project is preparing these cashew producers to meet international standards with their products.
While improving the lives of small-scale farmers often involves addressing subsistence needs, we all also see a major role for markets for these small-scale producers. Therefore FRI has partnered with GIZ to increase farmers’ knowledge and practice of improved and proven methods for cashew production and marketing in Ghana. Participatory radio programs, targeted at 100,000 cashew farmers in Brong Ahafo, will address issues of production, marketing and post-harvest loss management.

Thứ Năm, 25 tháng 9, 2014

Guinea-Bissau creates fund to support the cashew industry

Thu Sep 25, 2014

The agreement governing access to a fund to finance projects for processing cashew nuts was signed Tuesday by the Government of Guinea-Bissau and the Guinean Foundation for Enterprise and Industrial Development (Fundei). The fund, with an initial allocation of 1.5 million Euro, is intended to stop cashew nuts, which are the country’s main agricultural product, being exported raw to India and to add value to the product by processing it in Guinea-Bissau.

The initial funding will come from the Fund for the Promotion of Small and Medium Manufacturing Industry (Funpi), a tax levied by the Chamber of Commerce on raw cashew nut transactions, but which will be appropriated by the government, according to Portuguese news agency Lusa. The Executive Director of Fundei, Caliph Seidi, said the money would be used primarily to finance private cashew processors, particularly for training and buying equipment, as well as the cashews themselves.

Under the terms of the agreement, applicable interest rates will be in the 3 to 4 percent range, “far from the interest rates of commercial banks that range between 17 and 18 percent,” and the loan has an amortisation period of 12 months.


Thứ Tư, 24 tháng 9, 2014

Vietnam: US$ 2.8 billion earned from exports to U.A.E

  • Thursday, 9/25/2014

  • AsemconnectVietnam - Vietnam exported US$ 2.8 billion worth of goods to the U.A.E in the first seven months of this year, rose by 22.45 per cent over the same period last year, according to the figures released by the General Department of Customs.

  • The main items exported by Vietnam to the U.A.E were cell phones and accessories; textiles and garments; footwear of all kinds; seafood; precious stones, metals and products; machinery, equipment, tools and spare parts; handbags, wallets, suitcases, hats and umbrellas; iron and steel of all kinds; means of transport and spare parts; rice; wood and furniture; fruits and vegetables; cashew nuts; plastic products, etc.
    Cell phones and accessories were still leading in the list of commodities exported to the U.A.E with the turnover of $ 2.24 billion, up by 16.52 per cent year – on – year and accounted for 80 per cent of the total.
    Last year, Vietnam exported $ 3.42 billion worth of cell phones and accessories to the U.A.E, rose sharply by 128 per cent over the year of 2012.
    In the first seven months of this year, the country’s export of footwear of all kinds to the U.A.E increased by 49.81 per cent; that of machinery, equipment, tools and spare parts – up by 261.38 per cent; cashew nuts – up by 134.93 per cent; rice – up by 55.75 per cent.
    Vietnam’s export of goods to the U.A.E in the first seven months of 2014 – Source: The General Department of Customs
    First 7 months of 2013
    First 7 months of 2014
    Comparison (%)
    Volume (ton)
    Value (US$)
    Volume (ton)
    Value (US$)
    Cell phones and accessories
    Computers, electronic products and components
    Textiles and garments
    Footwear of all kinds
    Machinery, equipment, tools and spare parts
    Precious stones, metals and products
    Handbags, wallets, suitcases, hats and umbrellas
    Iron and steel of all kinds
    Cashew nuts
    Means of transport and spare parts
    Wood and furniture
    Fruits and vegetables
    Plastic products
    Confectionery and grain products
    Paper and products
    Iron and steel products
    Source: Vinanet