Cashew Kernel Price Today

Cashew Kernel Price Today...

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Thứ Sáu, 31 tháng 10, 2014

India: Last Minute Diwali Sales Below Market Expectations

Nov. 01, 2014

Indian cashew industry is not happy with this Diwali season. Despite there was demand till the last moment in the pieces category, wholes grades mainly got support from local large and medium scale exporters.

Only small scale processors are the buyers in the imported raw cashew re-selling trade. Therefore some stockists are moving their stocks out of India, especially to Vietnam.
This trend may impact the global raw cashew market.

Source: World Cashew

Thứ Năm, 30 tháng 10, 2014

Insight: War-scarred Ivory Coast aims to conquer the world of cashews

Oct 29, 2014
Workers handle cashew nuts at a processing plant in this file photo taken in Bouake in February 23, 2012. REUTERS/ Thierry Gouegnon/Files
Workers handle cashew nuts at a processing plant in this file photo taken in Bouake in February 23, 2012.

(Reuters) - Forty years ago, Henri Kouakou was struggling to support his family farming a small plot outside Bondoukou, a dusty town in northeastern Ivory Coast, when he first learned that money did, in fact, grow on trees -- cashew trees.
"I was raising yams back then and wasn't earning enough. I heard people talking about a new tree you could make money growing," he said, strolling through his plantation beneath a canopy of cashew tree branches.
By his own reckoning, Kouakou, among the earliest pioneers of the Ivorian cashew sector, is nearly 100 years old. He has seen the nuts, initially planted in the 1970s to combat desertification, emerge as an important cash crop for the West African nation's impoverished north.
And with output growing by over 10 percent annually -- attracting the attention of a government desperate to jump-start its economy after a decade of war and political chaos -- he will likely live to see his country dominate the world market.
Even a decade ago, Ivory Coast was a middling producer, growing around 80,000 tonnes of raw cashews per year. By last season, however, as demand for the nuts has grown, output had jumped to around a half million tonnes, making it the world's top exporter and second to India in overall production.
In the north of the country, cotton and cashews are the only cash crops, so as some cashew growers have started to do well, others have piled in. Output has increased because new plantations planted in recent years are coming into production.
"The growth is more than impressive. It's astounding," said Jim Fitzpatrick, a cashew expert. "We've never seen a country grow its production in the way Ivory Coast has over the past decade."
This season, for the first time, the government set a guaranteed minimum price for cashew farmers, fixing it at 250 CFA francs ($0.48) per kilo of raw nuts. According to Malamine Sanogo, managing director of the sector's marketing board, the Cotton and Cashew Council (CCA), Ivory Coast has hardly scratched the surface of the enormous potential.
Ninety-five percent of Ivorian output is exported raw to India and Vietnam for processing. Sanogo says that work should be done in Ivory Coast by Ivorian workers.
"We think that with processing we will create many jobs and we will create lots of added value for the country," he said.
Within the next five years, the CCA wants 35 percent of Ivory Coast's raw cashew output processed locally. Sanogo said bringing processors closer to producers will allow Ivory Coast to cut out some of the intermediaries in the supply chain, boost prices for farmers, and above all create jobs.
Having doubled production over the past decade, Africa's two million cashew farmers produce nearly half of the world's supply of raw nuts, according to the African Cashew Alliance. Many, including growers in top African producers Guinea-Bissau, Nigeria and Mozambique, are watching closely Ivory Coast's efforts to become a major player in a global market valued at up to $7.8 billion.
In 2002, a failed coup attempt plunged Ivory Coast into a civil war that split the world's top cocoa producer in two. Once a model of stability and prosperity in a troubled region, Ivory Coast would remain divided between rebels in the north and southern government loyalists for almost a decade.
Having emerged as the country's new president following a civil war in 2011, Alassane Ouattara, a former senior International Monetary Fund official, has ushered in economic growth of over 9 percent in past two years.
But little of that growth -- fuelled largely by billion-dollar investments in large infrastructure projects -- has trickled down to the nearly half of Ivorians living on less than $2 per day. That's where the government hopes cashews can help.
Some 600,000 farmers already grow the nuts, according to the CCA. But the creation of a domestic processing industry would mean more jobs in the sector.
Advocates of the plan point to the giant cottage industry in India where a typical unit processes around 10 tonnes of cashews a day with a workforce of 1,000.
According to a study carried out by the CCA, every 100,000 tonnes of processing capacity Ivory Coast develops will create 12,300 factory jobs and another 10,000 elsewhere in the sector.
On the spotless campus of the large processing factory run by Singapore-based soft commodities trader Olam International in the central city of Bouake, uniformed employees queue up every morning for work.
The plant and a second, smaller facility, employ around 3,500 workers with capacity to process 40,000 tonnes.
"You can imagine if we can process 10 times this number how much employment can be created. And that is only direct employment," Issa Konate, Olam's head of procurement for the facilities, told Reuters.
If it can pull it off, Ivory Coast would be the first African nation to build a large-scale cashew nut processing sector as a panacea for unemployment, a problem plaguing countries across the continent.
The African Cashew Alliance estimates that a 25 percent increase in raw cashew nut processing in Africa would generate more than $100 million in household income.
But Ouattara's government has an additional, even more pressing, concern: creating gainful employment for the 74,000 ex-combatants it is seeking to demobilise in the coming year.
"That's what happened in Vietnam," Yao Appia Koffi, vice-president of Ivory Coast's Cashew Exporters Association. "When they were emerging from their war in the 1980s they developed that industry and it allowed a lot of ex-fighters to find work."
Not everyone is so starry-eyed, however. "Processing? I'm not sure what the government can do ... It's foolishness," one Ivory Coast-based cashew exporter said, asking not to be named. Ivory Coast indeed faces some daunting obstacles.
In addition to competing with processing sectors in India and Vietnam, it must convince private sector partners that political stability will last. It also needs major investments in machinery and must train tens of thousands of new workers.
But its biggest challenge will be what to do about nuts damaged in processing -- what the industry calls brokens -- which typically constitute 30 to 40 percent of output.
In India, the world's largest cashew producer and also the biggest consumer, brokens are absorbed by the domestic market. The same is true in Brazil, the number three processor. Vietnam has traditionally sold much of its brokens in India and has another big market for damaged nuts, China, next door.
Ivory Coast, with only infinitesimal domestic consumption, has none of these options, and its less skilled workforce means that the portion of brokens is even higher there.
Promoting cashew consumption in Ivory Coast and neighbouring countries is one possibility. But even supporters of this strategy admit it will take time with no guarantee of success.
Ivory Coast's cashew sector may just have come of age at the perfect time. Experts say investors, worried by the dominance of India and Vietnam, are showing interest in diversifying supply and Africa is a logical choice for new processing facilities.
From just 35,000 tonnes in 2006, Africa processed a total of 114,600 tonnes of raw cashew nuts in 2012.
At the same time, manufacturers say technological advances in processing equipment will reduce the number of brokens to between 10 and 20 percent. Even the definition of what constitutes an exportable nut appears to be changing.
Only last year, the difference in the price of a pound of export quality, whole kernel cashews and large brokens was around $2. That difference is now less than a dollar.
"If that trend persists it will create a big change in the economics of processing," said Fitzpatrick, who works with the African Cashew Initiative, United Nations, European governments and private investors to develop cashew processing in Africa.
Demand for edible nuts is growing, but the supply of pristine nuts is not. So it appears that buyers are willing to buy more, and pay more for, brokens.
Back in Bondoukou, Henri Kouakou is cautiously optimistic. He's long been at the mercy of volatile, unregulated prices. Not far from his plantation stands a sprawling compound he started building for his family but has never been able to finish.
"If the government could raise the price to 400 or 450 CFA francs I would retire right now. I would be at home with enough money to eat and feed my entire family."
(1 US dollar = 517.9300 CFA franc)

(Additional reporting by Loucoumane Coulibaly and Pascal Fletcher; Editing by Daniel Flynn and Giles Elgood)

Source: Reuters

Nigeria: Kogi Upgrades Cashew Warehouses for Storage

Lokoja — TOWARDS reducing post-harvest losses and wastages in the cashew industry, the Kogi State Government has started upgrading warehouses in the state to meet the standards for cashew handling.
The cashew handling centres have now been equipped with modern grading and quality assessment equipments, as post-harvest losses usually account for over 50 percent of total cashew production valued at $75 million.
Governor Idris Wada disclosed at the cashew improvement training with the theme, "Promoting Cashew Sustainability in Kogi State," hosted by the government in collaboration with Colossus Investments Limited and the National Cashew Association of Nigeria that the state is the largest producer of cashew in the country, accounting for 40 percent of the nation's total commercial production.
According to him, putting up the centres across the state will go a long way in tackling the storage problem usually encountered by farmers and provide the necessary drying platforms for the produce.
When that is in place, he added, it would significantly reduce and eventually eliminate the problem of high moisture and lack of storage facilities that have plagued the sector for so long. He indicated that government's investment in the sector would further position the farmers and all stakeholders across the value chain to realize better returns.
Wada further noted that the Memorandum of Understanding between the sate and the Central Bank of Nigeria (CBN) on the N2 billion loan for Kogi farmers indicated his administration's strong commitment to the development of the cashew industry in the state.
Also speaking, the state's NCAN Chairman, Comrade Ahiaba Stephen, commended Wada for transforming the state's agricultural sector, adding that the cashew improvement training was welcome, as it aimed to complete the value chain development in line with President Goodluck Jonathan's Agricultural Transformation Agenda.
Over 500 participants attended the training, while facilitators included representatives from the Cocoa Research Institute of Nigeria (CRIN).
By John Akubo
Source: The Guardian (Lagos) / All Africa

Thứ Ba, 28 tháng 10, 2014

Vietnam wishes expanded cooperation with Tanzania

Oct. 28, 2014

Vietnam always treasures broader cooperative relations with Tanzania, said President Truong Tan Sang at talks with his Tanzanian counterpart Jakaya Mrisho Kikwete in Hanoi on October 27.

President Sang said he believes the Vietnam visit by President Kikwete and his delegation will represent a significant landmark in elevating the traditional friendly relations and cooperation between the two countries to even greater heights.
“Vietnam always attaches importance to expanding mutually beneficial cooperation with African countries, including Tanzania that always sided with Vietnam during the past struggle for national independence and unification and the current national construction and development.” Sang said.
President Truong Tan Sang and his Tanzanian counterpart Jakaya Mrisho Kikwete reviewing the guard of honour.
He applauded the impressive achievements the Tanzanian people recorded in an economic reform effort as well as the positive contributions of Tanzania to peace, stability, cooperation connectivity in the Southern African Development Community (SADC) and the African Economic Community (AEC).
The Tanzanian President expressed his admiration for Vietnam’s past struggle for independence and unification and its current renewal and development achievements that he deems a great source for the people of Tanzania in the struggle for national liberation and national development.
At the talks, host and guest informed each other on the situation in their respective country, assessed the results of cooperation in recent past and agreed upon measures to further all-round cooperation.
The two sides noted with satisfaction the positive developments in recent times and consented to boost closer political ties by promoting exchange visits at all levels, people-to-people diplomacy and setting up twin relationships between major cities to deepen mutual understanding between the two peoples.
The Vietnamese State leader welcoming the Tanzanian President (L).
The two State leaders concurred to facilitate the effective implementation  of agricultural and telecommunications cooperation projects and to direct ministries and sectors to promote cooperation in the areas of investment, trade, agriculture, fishery, education, health care, telecommunications and maritime transport services within the South-South cooperation framework.
President Kikwete expressed his nation’s willingness to act as a bridge for Vietnam to enter the African and East African markets while hoping Vietnam will facilitate Tanzanian goods’ penetration into its market and ASEAN’s alike.
Both sides agreed to early organize a meeting of the Intergovernmental Committee in 2015.
Exchanging views on issues of regional and international concern, the two Presidents underlined the need for both countries to cooperate closely at regional and international forums towards building a more equal and democratic world for the sake of peace, stability, cooperation and development.
The two delegations holding talks.
President Sang thanked Tanzania for supporting Vietnam’s election to the UN Human Rights Council for the 2014-2016 term and asked Tanzania to continue supporting the Southeast Asian nation’s candidacy for a membership of some other international organizations in the future. President stressed that Vietnam always stays ready to respond positively to proposals from Tanzania.
The two leaders also stressed the importance of ensuring security, safety and freedom of navigation in the East Sea, resolving disputes by peaceful means in accordance with international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS) and the Declaration on the Conduct of Parties in the East Sea (DOC), and finalizing negotiations on a Code of Conduct in the East Sea (COC).

After the talks, the two leaders witnessed the signing of a maritime transport cooperation agreement.
The Tanzanian President used the occasion to invite his Vietnamese counterpart Truong Tan Sang to visit Tanzania and his invitation was accepted with great pleasure.
The date for the visit will be arranged through diplomatic channels.

India: No Better Time than Now for Raw Cashew Sales

Fri Oct 24, 2014

There are many importers in India who have hoarded huge quantities of raw cashew for their own processing and also for sale. They have been trying to push the market only by speculation. This has caused an overall increase in prices even at the international level. But still there is no much sales of raw cashew in terms of quantity because the need for raw cashew is only among very small scale processors.

Therefore instead of trying hard to increase the prices abnormally, it is better to book early profits as prices are likely to reduce when the Tanzanian and Indonesian arrivals enter India in full scale.

In coming weeks, Brazilian processing would be in full capacity and there would be surge in the Brazilian exports from December. So starting from December the kernel market might be a little bearish.


Thứ Hai, 27 tháng 10, 2014

India: Cashew exports continue to slip; imports rise

Fri Oct 24, 2014

Raw cashew nuts imports have increased significantly even as exports of cashew kernels continue to drop in the current financial year. A strong domestic demand for cashew kernels due to significant rise in consumption without corresponding growth in raw cashew nut production in the country is cited as the reason for the rise in imports. At the same time, raw cashew nuts are also shipped out of the country, of late, to Vietnam, market sources said. They said Indian cashew processors having processing facilities abroad might be shipping out from the imported raw nut stocks to their units in Vietnam.

Imports of raw nuts during April-September were 6,86,765 tons valued at `4,547.74 crore. The unit value of the import was `66.22 a kg. As against this, imports in the corresponding period last fiscal were at 5,61,971 tons valued at `3,051.72 crore at the unit value of `54.30 a kg. Whereas, the country has exported 1,999 tons of raw cashew nuts valued at `16.39 crore at the unit value of `81.99 a kg, according to Cashew Export Promotion Council sources.

Imports of raw nuts during April-March 2013-14 totalled 7,58,111 tons valued at `4,457.72 crore. While it stood at 8,92,365 tons valued at `5,331.74 crore in the same period the previous financial year, he said.

The exports during April-September 2014-15 dropped to 55,471 tons valued at `2,445.42 crore at an average unit value of `440.85 a kg from 61,866 tons valued at `2,520.02 crore at the unit value of `407.34 a kg in the same period the previous fiscal, Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) told BusinessLine.

High prices

“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. He said an increase in demand is generally noticed during the winter months .

The total shipments during April 1, 2013 – March 31, 2014 increased by over 13 per cent to 1,13,620 tons from 1,00,105 tons in the corresponding period the previous fiscal. Total value realisation stood at `4,975.96 crore, he said. India has a huge domestic market for cashew kernels, trade sources said.

Domestic demand

Domestic markets can absorb some 2.5 to 3 lakh tons of cashew kernels of various grades, KA Retheesh, Managing Director, Kerala State-owned Cashew Development Corporation (CDC), told BusinessLine.

He said exports are around 1.25 lakh tons from the organised sector, which sells an equal quantity in the domestic market. At the same time, 1.25-1.50 lakh tons of cashew kernels are marketed by the unorganised sector. The peak demand season has started and it has already reflected on prices, which have gone up by 25 per cent, he said.

Prices of wholes, currently, range between `800 and `1,000 a kg and even at this rate there is a strong demand. In the international market, the average price is below `450 a kg.

Source: Hindu business line.

India: Preference for dried fruit during diwali despite rising prices

Fri Oct 24, 2014

The Diwali tradition of north India seems to have caught on in the city with consumers increasingly switching to healthier dry fruits from ghee-laden sweets. Instead of offering and gifting sweets to friends and guests, people are showing a marked preference for dry fruits despite soaring prices. According to market sources, this has led to a 10 to 15% increase in the sale of dry fruits this Diwali.

Shopkeepers admit that though a large number of Keralites may not have completely done away with sweets, health-conscious consumers are slowly reducing the quantity of sweets and replacing the same with dried fruits. "Instead of buying a kg of sweets, we now split it between sweets and dry fruits," said Chetan Shah, a Kochi-based Gujarati said. Cashew nuts, almonds, pineapple, kiwi, apricot and other fruits are in huge demand as they can be preserved for long.

"In our hypermarket, the sale of dry fruits increased from 150kg during Diwali last year to 200kg this year. Cashew nuts and badam top the preferred list for consumers," said an official with the Lulu Hypermarket. Ketan N Parekh, owner of Best Dry Fruits in Mattancherry, said, "There is large demand for cashew nuts this Diwali. Since sweets that are brought from other states have a short shelf life, they can't be stored for long."

Gujaratis, Sikhs, Tamilians, Punjabis and other communities have made arrangements to celebrate Diwali on Wednesday.


Thứ Tư, 22 tháng 10, 2014

Nigeria: Cashew farmers want government to serve as buying agent

Tue Oct 21, 2014

THE Cashew Farmers Association of Nigeria, Oyo State Chapter, on Tuesday appealed to the government to assist farmers in selling and exporting of cashew nuts, in order to avoid post-harvest losses. Mr Sodiq Adebayo, the association’s chairman told the News Agency of Nigeria (NAN) in Lagos, that sourcing for market for harvested produce had been a major challenge to cashew farmers.

Adebayo also appealed to the government to serve as buying agent to ensure the exportation of the commodity. ``We are appealing to Oyo State Government to create a medium where local farmers can sell directly to government agents at a regulated price to ensure price stability in the international market. ``The Ministry of Agriculture owns farmland in Eruwa and Iseyin, where cashew is grown, but the production from these farms is not enough for exportation. ``So, we want government to buy from local farmers to have large quantity for exportation.

``Farmers usually sell to private agents at unregulated price, which leads to loss of profit to farmers most time;  we sell to them at about N72,000 per No,” the chairman said. He said that the association’s production capacity for the previous harvest season in February was 466,000 metric Nos, compared to 452,000 Nos in 2013.(NAN)


India: Cashew Prices Rise Amid Festive Season Buying

Tue Oct 21, 2014

Cashew prices rose by ` 5 per kg in the national capital on October 21, largely on the back of fresh buying by retailers and stockists to meet festive season amid low stocks. Tight supplies from growing regions also supported the upside in prices.  Cashew kernel No.80. No 210, No 240 and No. 320 rose ` 15 each to conclude at ` 835-855, ` 715 –735, ` 665- 685 and ` 585-595 per kg respectively.

Thứ Ba, 21 tháng 10, 2014

WHO Declares Nigeria Ebola-Free After 42 Days With No Cases

October 20th 2014,

ABUJA - The World Health Organization declared Nigeria Ebola free on Monday after a 42 day period with no new cases, a success story with lessons for countries still struggling to contain the deadly virus. "Nigeria is now free of Ebola," WHO representative Rui Gama Vaz told a news conference in the capital Abuja, prompting a round of applause from other officials. "This is a spectacular success story ... But we must be clear that we have only won a battle, the war will only end when West Africa is also declared free of Ebola."
The first case in Nigeria, Africa's most populous nation, was imported from Liberia, when a Liberian-American diplomat called Patrick Sawyer collapsed at the main international airport in Lagos on July 20. Because the country was ill prepared and had no screening procedures in place, Sawyer was able to infect several people, including several health workers in the hospital where he was taken.
Ebola has killed 4,546 people across Liberia, Guinea and Sierra Leone, the three worst-affected countries. Nigeria had 20 cases in total, of which eight died.

Vietnam: Cashew nut export brings US$1.5 billion in nine months

Mon Oct 20, 2014

Vietnam exported 225,000 ton cashew nuts yielding US$1.46 billion in the first nine months this year, up 19.6 percent in volume and 21.8 percent in value compared to the same period last year. According to reports at a seminar recently hosted in the southern province of Binh Phuoc, the export output reached 27,000 tons bringing US$175 million in September.

Vietnam would harvest 500,000 ton cashew nuts this year and have to import another 500,000 tons to process for exports from the Africa and Southeast Asia. Binh Phuoc and Dong Nai are the two largest cashew growing provinces in Vietnam.


Chủ Nhật, 19 tháng 10, 2014

Nigeria: FG to review export expansion grant

Friday, October 17, 2014

The Federal Government has announced its plan to commence the review of Export Expansion Grant (EEG) next January. The decision, which was disclosed in a cashew export promotion meeting in Lagos last week, was coming after a comprehensive review of the scheme in order to block loopholes in the initiative and eliminate its inadequacies.Speaking at the event, Mr. Segun Awolowo, the Director General of Nigerian Export Promotion Council (NEPC), explained that the review of the scheme became expedient following the challenges encountered by stakeholders in the non-oil export sector and to cater for the present realities in the nation’s manufacturing sector as it takes off in January 2015.

He added that the challenges of issuing an EEG certificate has been resolved, as it would be issued out soon to beneficiary. He stated: “We work on holistic reserve of the scheme which we reintroduced to stakeholders and the days of operations of the reviewed EEG will manifest the intended development in the sector.”

Also, the NEPC boss added that the existing certificates would be honoured, as the Coordinating Minister of the Economy, Dr. (Mrs.) Ngozi Okonjo-Iweala, has agreed on that. He stated that he would find out when it is going to be honoured as he lamented that it is hampering operations of manufacturers in the country.

He explained that the issue of branding is among the things that affect Nigeria’s export activities, while the council has put measures in place to address issues like training of stakeholders,  brand building, brand marketing.

“It is very important about training, about developing the farmers. Because when your product is good, the next issue is how to sell it, how to market it and you need to create brands. We need to solve it because it was a problem in NEPC and it was our basic strategic keys; we said look, the way forward is that farmers must develop brands. We really must have a marketable brand,” he submitted.

Commenting on cashew particularly, he said that in 2013, cashew exports generated N17.7 billion ($110 million), which represents about 10 per cent of agricultural exports. However, if they compare this figure with India’s export of over $2.5 billion and Vietnam’s export of $3 billion mainly from processed kernel, annually, it means Nigeria definitely needs a well-articulated strategy to grow the cashew sector.

“In recognition of the potentials for job creation and generation of foreign exchange estimated at N2 billion from the cashew sector, the council had set up a mini-processing factory at Obollo-Afor in Udenu Local Government Area, Eungu State.

“The main objective of the projects is to harness the abundant raw materials (RCN) and tap the skills of women in cashew processing. The pilot scheme, which had success could be replicated by potential investors in other cashew producing states. Some investors have approached the council for possible collaboration in investing in cashew processing,” he added.

He noted that a recent study by USAID, an increase of 20 per cent from Nigeria’s current products figure would create more than 344,000 new jobs and $75,875,000 additional incomes. According to him, the stakeholders are fashioning out the cashew sector strategy that would assist the council to develop a new implementation strategy that would grow the sector in line with the Transformation Agenda of the government.

He further said the council partnered with USAID/NETT on untiring efforts to develop the sector in particular and the economy through its flagship Lakaji Corridor Project.

EEG is an initiative first introduced by the former President Olusegun Obasanjo administration to help Nigerian manufacturers deal with the inherent disadvantages of the harsh operating environment induced by the poor state of power and other infrastructure in the country.

It was intended to help manufacturers deal with high production cost, which prevented them from accessing and competing effectively in the export market.


India: Power crisis hits cashew production

October 17, 2014,

Srikakulam:In over 430 cashew units more than 2,000 bags of cashew was being produced from raw cashew nuts, but it has stopped due to the cyclone and power crisis.Srikakulam: Palasa and Uddanam areas are famous for cashew crops and production in Srikakulam which are affected by Hudhud cyclone and subsequent power crisis.In every acre about six bags (80 kgs) of cashew are being produced. In total, 430 cashew processing units are present in Palasa, Kasibugga and its surrounding areas. Cashew plants in 3,000 acres in all 11 mandals were damaged and power crisis hit the industry hard.In over 430 cashew units more than 2,000 bags of cashew was being produced from raw cashew nuts, but it has stopped due to the cyclone and power crisis.

Raw cashew nuts are being imported in processing units at Palasa from Ivory Coast, Tanzania, Gambia, Nigeria and other countries, but due to power crisis the cashew nuts import has stopped. “To run boilers and heat houses in processing units, power is essential and we are unable to maintain high capacity generators. We closed units six days ago due to which we lost production worth about Rs 10 crore,” said Palasa cashew manufacturers association (PCMA), secretary, M. Suresh Kumar.

In total 22,000 persons are working in the processing units and they have lost their jobs, said cashew workers union (CWU) secretary, A. Krishnamurhty.Phailin and Hudhud cyclones created huge loss to cashew farmers and the industry and if the Government does not provide relief to cashew farming, manufacturing may lose its identity, opined Cashew Farmers Association president, B. HemanthaRao.


Thứ Sáu, 17 tháng 10, 2014

India: Raw cashew price hurts exports

Publication date: 10/16/2014

Country's exports of processed cashew nuts were down 10% during the period between April and September, hurt by continuing price increase for raw cashew nuts.

According to the figures from Cashew Export Promotion Council of India (CEPCI), export of cashew kernels declined to 55,471 tonnes from 61,866 tonnes in the comparable period of the previous year. "With the raw material prices up, the exporters here find it impossible to match the global prices of processed cashew nut," said K Sasi Varma, executive director and secretary,CEPCI.

Babu Oommen, owner of Alphonsa Cashew Industries, Kollam, said that cost and freight prices of raw cashew nut from Africa were in the range $1,500 - $ 1,600 per tonne during the current season. "Tanzania, Mozambique and Madagascar are the major producers from this region, but factories in Kerala could operate profitably only with a cost and freight price level of $1,200 per tonne," he said.

As the prices at traditional export markets like the US and western Europe are remaining stagnant, CEPCI is targeting non-traditional markets like the Middle East. CEPCI is also attending the Sial food trade show at Paris. Fifteen exporters from India will be attending the show this month.


India: PM urged to set up taskforce to explore use of cashew apples

October 16, 2014

Cashew industry ready to buy apples from farmers and process them under PPP

The Karnataka Cashew Merchants’ Association has said that it is ready to buy cashew apples, 98 per cent of which go unutilised in the State, from farmers and make proper utilisation through public-private partnership (PPP).
Responding to Prime Minister Narendra Modi’s call for optimum utilisation of cashew products, the association has, in a letter to Mr. Modi, suggested that a taskforce be set up for the purpose. The taskforce may comprise members in the industry as well as research institutes to identify viable alternatives on utilising cashew apples, it said.
Association president Bola Rahul Kamath said that many organisations, including the Directorate of Cashew Nut and Coca Development, the Karnataka Cashew Development Corporation, the Directorate of Cashew Research, are engaged in research activities.
Unfortunately, the industry is not made aware of the research results thereby hampering proper utilisation of cashew apples, he said. Goa is the only State that has allowed distillation of cashew apples to produce fenny whereas laws in other States are not favourable to this.
Mr. Kamath said that about 40 lakh tonnes of cashew apple are produced in the country, 98 per cent of which go unutilised. Attempts to make juice out of these apples and produce bio-fuel have not yielded the desirable results. Hence there is a need for a comprehensive approach to the issue.
The move would definitely boost the income of farmers and encourage others to take up cashew cultivation at a time when India is importing about 8 lakh tonnes of raw cashew, Mr. Kamath said. It would also help the cashew industry to expand its base and provide employment to more people, he added.