Cashew Kernel Price Today

Cashew Kernel Price Today...

Temporarily suspended for constructions

Thứ Sáu, 28 tháng 11, 2014

Gambia: Cashew Farmers Sensitised On Value Add Chain

Wed Nov 26, 2014

Forest Farm Facility, in collaboration with FAO through NACO, recently conducted a sensitization forum for cashew farmers on Value Add Chain at the Sanyang Nature Camp. Speaking at the ceremony, Cherno Jeng stated that the forum aimed to support them as producersgroup to further their entrepreneurial capacity and explore opportunities to access finance, as well as market, for sustainable development of their products.

This was in line with the objective of the Forest and Farm Facility established among others to enhance the organization and capacity of farmers at the local level so they could engage in local, regional and policy dialogues, he said.

He said decision-making processes would also influence the future of Forests and Farm to ensure forest and farm policies to improve their livelihoods, food security and the sustainability of the productive land they rely on.

According to Mr Jeng, FFF is currently supporting the Gambia government to better coordinate multi-sector cooperation and dialogue, which are important for skills development, access to market and financial opportunities. He thanked FAO and their partners through the country resident representative for supporting government in its development programmes and for particularly hosting and spearheading the Forestry and Farm Facility.

Mr Jeng commended the FFF national facilitator and his team for the excellent technical backup since the inauguration of the FFF in The Gambia and also the support of the department of forestry at all times. Mariatou Njie of FAO, in her remarks, said the FFF programme is guided by a steering committee of experts drawn from a diverse range of backgrounds from all regions of The Gambia.

FFF producers help organization unleash the economic power and entrepreneurial potential of indigenous peoples, local communities and private smallholders at scale that would transform economic and social landscape, she said. She said FFF vision is for smallholders' communities, indigenous people, and women organizations to improve livelihood and decision-making in the forest and farm landscape.

Ousainou Cham, regional director of forestry in the West Coast Region, said FFF had continued to promote crossing sectors, coordination and further enhance the organized, and sensitization of the local people and the communities so that they could engage in policy dialogue and decision-making process at all label.

It was also to help equip local people with better skill and opportunities to access investment for sustainable forest and fair management.


Sri Lanka: Cashew cultivation in Puttalam


The Cashew Corporation will bring 400 acres in the dry zone of the Puttalam district under cashew cultivation.
Corporation sources said an accelerated program will be launched to encourage youth and school leavers to participate in cashew cultivation.
Ariyapala Wanshathilake - Kurunegala Central Special Correspondent

Source: Dailynews LK 

Thứ Năm, 27 tháng 11, 2014

India: Raw Cashew Reasonable, Kernel Steady

Indian consumption is slowly improving due to the wedding season and approaching winter as well as New Year.

There are now more sellers and less buyers in the raw cashew market.

Brazilian harvest may not fall below expectations.

This year, weather conditions were highly favorable to Tanzania and Mozambique but the Sulawesi region of Indonesia is facing usual uncertainties.

Source: World cashew

Thứ Tư, 26 tháng 11, 2014

Ivory Coast aims to produce 650 000 tonnes of RCN in 2020 (PM)

November 26, 2014

Côte d'Ivoire plans to achieve an overall cashew production estimated at 650 000 tonnes in 2020, said on Wednesday, Prime Minister Daniel Kablan Duncan, at the opening of the first International Exhibition of Equipment and Transformation technologies cashew (SIETTA 2014).

According to the Prime Minister Duncan, the program adopted by the government to address the challenge of transforming the cashew and economic and social issues related to this transformation is to strengthen the promotion of private investment and targeted support of state.

It boils down to access to finance, a mechanism to support the quality improvement, assistance in marketing and actions of capacity building.

'' Through this program, the government plans to achieve one hand, a conversion rate of about 35% or about 230,000 tonnes of raw cashews 2016 for a total estimated production at 650,000 tons and the other, a conversion rate of 100% in 2020 '' he said.

For Malamine Sanogo, Director-General of the Council Cotton and Cashew (CCA) and the Commissioner General of the Exhibition, '' SIETTA 2014 aims to popularize equipment and innovative technologies of processing cashew, ensure improved profitability of processing units in Côte d'Ivoire and encourage local consumption of cashew and its derivatives. ''

'The cashew sector should move towards greater industrialization in order to capture significant value to ensure sustainable income for its producers. Is it for the CCA and the actors acquire the means to increase the die of a situation of mere exporting producer of cashew largest consumer of cashew kernels ... '' said Mr. Sanogo .dropoff window

Ivory Coast is the first African producer of cashew nuts with a production of 520,000 tonnes in 2014. The show continues until Friday, with exhibitions and animated thematic workshops by national and international experts.

HS / ls / APA

Source: IVC news 

Optimistic about the market outlook before the Lunar New Year 2015

November 26, 2014

A positive signal for the Chinese market is the weekend, China's central bank unexpectedly cut interest rates declared loans to 5.6% a year.  With this information, many businesses expect VN agricultural prices (including nuts) will increase by Chinese enterprises have the conditions for investment and business development of domestic production. In the past week the Chinese market purchases bustling, slightly WW240 and WW320 PLU but still hard to sell.

As usual, on this occasion many Chinese delegations to Vietnam to visit and asked to purchase.  Refer to price it's for the EU, North America today: WW320: 3.4 to 3.5 USD / lb FOB in HCM City. With the above information, it is likely in the near future EU and North American customers will have to change strategy and focus increased buying buy to compete with the growing demand of the Chinese market.


Tanzania: Cashew nut farmers urged to open bank accounts

November 25, 2014

Cashew nut farmers have been urged to open bank accounts to avoid unnecessary disturbances when receiving their payments. The call was sounded on Tuesday in the House, by deputy minister for Agriculture, Food Security and Cooperatives, Godfrey Zambi when responding to a supplementary question put forward by Jerome Bwanausi (Lulindi, CCM).The legislator had wanted to know when the accounts will be opened and government’s plan to educate the farmers on the importance of holding bank accounts.

Zambi added that the government understands the delay of payments for cashew nut farmers done by some cooperatives unions in various districts including Masasi in Mtwara Region. However, he said this is partially a result of some cooperatives seeking loans from commercial banks for purchasing motor vehicles, tractors and farm inputs without repaying back.Reports say cashew nut production in the country’s south eastern regions is dwindling and the crop might lose its status 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 done by this paper mid this year in Mtwara showed that the cost of production in an acre of cashew nut stands at 30,000/-. Comparatively, that is higher than that of sesame which costs 16,000/-.Cashew nut is currently Tanzania’s leading cash crop. In its 2010 strategic plan, the Cashew nut Board of Tanzania (CBT) had targeted to achieve production of 180,000 tonnes but failed to do so.

Statistics from the ministry of Agriculture, Food Security and Cooperatives show that cashew nut production in Tanzania now stands at 127,939 tonnes per annum, the country hovering between number two and three in the production of the crop in the world after India.According to CBT, there are many challenges facing farmers and the industry in general, including inadequate application of inputs and insufficient extension services.

The initiative by the government through the ministry of Industry and Trade to introduce the warehouse receipt system in cashew nut growing areas has enabled the farmers to fetch good price on raw cashew nuts. Under this system all cashew nuts are sold to primary co-operative societies hence eliminating the buyers and their middlemen to go to the villages as it had been before.


Thứ Ba, 25 tháng 11, 2014

India: Cashew sector wage revision talks fail again

KOLLAM, November 26, 2014

Yet another round of talks in the presence of Labour Minister Shibu Baby John between representatives of the cashew sector trade unions and the employers held in Thiruvanathapuram on Tuesday too drew a blank.

The last meeting in this connection was held on November 6 also in the presence of Mr. Shibu. During the earlier talks, the trade unions had been demanding a 40 per cent hike in wages and the employers expressed their inability to consider a hike beyond 25 per cent.

In Tuesday’s meeting, the employers agreed to settle for wage hike of 30 per cent. But the unions did not compromise.

The employers said that if the issue was settled on Tuesday itself they would agree for a 35 per cent wage hike.

Source: The Hindu

India: Seasonal demand pushes up cashew exports in October


Strong winter demand appears to have resulted in an upsurge, after a continuous decline for about six months, in exports of cashew kernels and other cashew products in October.
The country shipped out 11,325 tonnes of cashew kernels in October this year valued at ₹526 crore at an unit value of ₹464.44 a kg against 10,439 tonnes of cashews worth ₹434.68 crore at ₹416.40 a kg same period last year.
However, the total shipments during the first seven months of the current fiscal continued to be far below exports during the same period the previous financial year.
The country shipped out 68,719 tonnes of cashews in April-October 2014 valued at ₹3,000.29 crore at an average unit value of ₹436.60 a kg.
In the corresponding period last year it stood at 72,230 tonnes valued at ₹2,954.58 crore at the average unit value of ₹409.05 a kg.
Raw nut exports
Interestingly, Indian export of raw cashew also soared during the period under review.
Export of raw nuts in October rose to 10,572 tonnes valued at ₹91.64 crore from 989 tonnes valued at ₹5.84 crore in the same period last year. The unit value realised in October this year was ₹86.68 a kg (₹59.09).
India shipped out 11,130 tonnes of raw cashew nuts during April-October this year valued at ₹114.35 crore at the unit value of ₹102.74 a kg against 3,063 tonnes valued at ₹17.89 crore at the unit value of ₹58.39.
Much of the shipments of raw nuts were to Vietnam, where Indian cashew processors have established processing facilities.
They are believed to be shipping out from the imported raw nut stocks to their units in Vietnam, trade sources said.
Imports soar
Imports of raw nuts during April-October stood at 7,63,548 tonnes valued at ₹5,172.59 crore and the unit value paid was at ₹67.74 a kg.
Imports in the corresponding period last fiscal were at 6,02,298 tonnes valued at ₹3,279.04 crore at the unit value of ₹54.44 a kg, Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India, told BusinessLine.
He attributed the rise in exports of cashew kernel, of late, to the demand for winter/Christmas and New Year season.
Price outlook
Meanwhile, Pankaj Sampat, a Mumbai-based dealer, said that cashew continued to be the most reasonably priced nut moving in a relatively narrow range when compared with other nuts.
Therefore, “it would be reasonable to expect prices to remain in this range and maybe even move up a bit – depending on buyer behaviour. The cashew kernel prices are likely to in the range of $3.40-3.70 for next 3-4 months and maybe more,” he said.

Source: the hindu business line

Thứ Hai, 24 tháng 11, 2014

Robust demand to keep cashew nut market steady till April

November 25, 2014

Robust demand for cashew nut and limited supply from Africa are likely to keep the market steady until April, traders said. Higher cost of competing nuts is also adding to the support.
India produces 6-7 million tonne of raw cashews per annum and processes nearly 60% of the cashew kernels consumed globally.
“Demand is good and supply comes mostly from Tanzania. The new crop from countries and regions like India, Vietnam and West Africa is expected only in April. The market is expected to remain steady,” Pratap Nair of Vijayalakshmi Cashews told FE. Competing nuts like almonds and pistachios are relatively costly compared to cashew adding to the demand, he said.
“Cashew continues to be the most reasonably priced nut moving in a relatively narrow range. It would be reasonable to expect prices to remain in this range and maybe even move up a bit depending on buyer behaviour,” Pankaj Sampat of Mumbai-based Samsons Trading said. “It remains to be seen if the buyers continue to buy in small tranches which will keep market steady or if they buy larger volumes or longer spreads which will push market up a bit,” he added.
Tanzania is the major supplier of raw nuts until the new crop from India, Vietnam and West Africa crops, which contribute 75% of the world production come to the market.“If processors are not able to sell kernels at higher prices, they may be slow in buying raw nuts. But the impact will be limited as the availability is limited because the Southern crop contributes only 25% of world production,” Pankaj said. He expects the market to move up in 2015.
Pratap Nair expressed concern that the new wage settlement due in Kerala for the cashew workers may make the industry less competitive and force exporters to set base in other countries. India has to import more than half of its requirement of raw cashew due to the poor productivity of its cashew plantations.
During the period of April-October of 2014, India exported 68,719 tonne of cashew nuts valued at R3,000.29 crore as against 72,230 tonne of nuts valued at R2954.58 crore during the corresponding period of 2013.
Source: Financial Express

China's interest rates: The right call

Chủ Nhật, 23 tháng 11, 2014

India: With competing nuts ruling higher, raw cashew price may not fall


Rising supply: Harvested raw cashew kept for processing at farm near Kochi, Kerala. Raw cashew output stands at 7.3 lakh tonnes from 9.8 lakh hectares against 5 lt from 7.7 lakh hectares in 2002-03.

Rising supply: Harvested raw cashew kept for processing at farm near Kochi, Kerala. Raw cashew output stands at 7.3 lakh tonnes from 9.8 lakh hectares against 5 lt from 7.7 lakh hectares in 2002-03.

The cashew market, which showed some buoyancy from mid-August till mid-October, is witnessing subdued activity. During the last three weeks, prices have slipped by a few cents from large processors and more from the small and medium processors.
According to trade sources, cashew continues to be the most reasonably priced nut moving in a relatively narrow range compared with other nuts.
Therefore “it would be reasonable to expect prices to remain in this range and maybe even move up a bit – depending on buyer behaviour,” Pankaj Sampat, a Mumbai-based dealer, told BusinessLine. Highest levels traded were W240 at $4.05-4.15 and W320 $3.60-3.70 per lb (fob). Offers/trades during the last fortnight were in the range of W240 $3.75-3.95, W320 $3.40-3.55, W450 $3.30-3.45, SW320 $3.35-3.45, butts $3.10-3.25, splits $2.95-3.05 and pieces $2.85-2.95 per lb (fob).
However, for the time being, many buyers seem to be waiting to see how market moves in coming weeks. But, some are still buying part of their requirements from reliable processors (even at higher levels).
RCN prices up
Raw Cashew Nut (RCN) market moved up between August and mid-October, with prices for West Africa RCN moving up from $1,150-1,250 to $1,350-1,550 a tonne range. Tanzania RCN traded at around $1,600 c&f. During the last 2-3 weeks, this has come down to $1,425-50.
“If processors are not able to sell kernels at higher prices, they may be slow in buying RCN which in turn might lead to some reduction in prices, but reduction will not be much since availability is limited due to a fall in Southern crop output, estimated to be less than 25 per cent of world production,” Pankaj said.
“Although we cannot be sure how market will move, especially in an uncertain situation like we face at present, our feeling is that cashew kernel market will remain in the range of $3.40-3.70 for next 3-4 months and maybe more,” he said.

Source: the hindu business line

Thứ Ba, 18 tháng 11, 2014

India: Cashew workers’ interests will be protected: Minister

KOLLAM, November 19, 2014

Minister for Industries P.K.. Kunhalikutty said here on Tuesday that there would be no compromise in the protection of interests of cashew workers.

Mr. Kunhalikutty was addressing the gathering after launching two new value-added cashew products, Choco Kaju and Milky Kaju, of the public sector Kerala State Cashew Development Corporation (KSCDC).

The Minister said the government had always extended out of the way concessions to the KSCDC and the cooperative sector Capex. These were social security measures by the government taking into account the fact that the two companies were being run for the welfare of cashew workers, the majority of them women. He said the situation at many public sector undertakings was not satisfactory.

The Industries Minister said the government would extend all support to the new products. He said the government would also support a proposal by the KSCDC to organise an international cashew expo in Kollam.

Source: The Hindu

Thứ Hai, 17 tháng 11, 2014

Dong Nai (Vietnam): Increase in export of cashew by 40% in first 10 months of 2014

November 13, 2014

According to the Department of Trade and Industry, Dong Nai Province exported 26,000 tonnes of cashew kernels  with a turnover of USD 171 million in the first 10 months of 2014. The cashew exports increased by 30% in volume and 40% in value as compared to last year over the same period.The main export markets include the US, China, Canada, Australia and Russia, Britain, the Netherlands. Currently the demand is increasing, but most traders are not able to supply sufficient stock to meet market demand.

According to the Vietnam Cashew Association (Vinacas) in 2015, processing and exporting cashew kernels will continue to grow. Known cashew export volume of the country  in 10 months was 257,000 tonnes with a turnover of $ 1.68 billion which is increase by 20% in volume and nearly 25% in value over the same period in the last year. United States, China, the Netherlands were the country's largest export markets.


India: Farmers meet discuss natural resources management

Nov 17, 2014

Farmers, most of whom have dedicated themselves to the soil for over four decades, discussed 'Natural Resources Management in Farming' and model village training at a 3-day meet organized by the Sri Sri Institute of Agricultural Sciences & Technology Trust (SSIAST).
While inaugurating the meet, Sri Sri Ravi Shankar, founder of The Art of Living, said, "We need to make 'kisan sangh' (farmers' meet) in every village. More and more farmers need to adopt and implement the techniques of Natural Farming. Our earth has plenty for everyone. We only have to manage its resources well. Chemical-free farming is a new hope to the farmers in India and we will work with vigor to spread this knowledge."

Held at The Art of Living International Center, the meet focused on the importance of saving indigenous cows, using natural ways of farming and chemical-free farming.

Simple and easy-to-practice tips like use of cow dung for manure, urine as pesticide were also given by experts. "Our philosophy is to promote farming techniques that are beneficial to the farmer, the consumer and the land. Natural farming or chemical-free farming can achieve these objectives. Along with the skills and knowledge we impart, here they can share leanings and challenges with each other too. We are creating a 'Kisan Sangh', an association to also market this organic produce," shared Dr. Muley, Chairman, SSIAST.

The meet provided a platform for experts to come and share their experiences with the farmers. Chandrashekhar Bachelor, Agriculture Trainer with SSIAST from Chattisgarh shared his success story of converting infertile land into fertile by mixed cropping on a small scale with different crops, like, mango, papaya, and Kaju (cashew nuts). "We have stopped the production of alcohol from mahuwa flowers in Koi village, Korba, Chhattisgarh which is heavily grown in the state. Instead we now make laddus (sweets) out of it. This is very popular now. We are working on 18 more villages and have empowered many farmers to grow organically."

Vouching for the benefits of organic farming, Kehsav Vyas, a farmer from Madhya Pradesh said," We are spending very less and earning much more. In modern farming, production reduces every year, while production increases with organic farming. I also grow sugarcane and make jaggery (gur) from the organic produce."

Source: The Times of India

Chủ Nhật, 16 tháng 11, 2014


NOV 15, 2014

FOB prices in Weeks 46 :

W240          US$ 3.75 to 3.95
W320          US$ 3.40 to 3.55
W450          US$ 3.25 to 3.40
SW320        US$ 3.35 to 3.45
SW360        US$ 3.20 to 3.30
SSW           US$ 3.10 to 3.20
Butts          US$ 3.10 to 3.25
Splits     US$ 2.95 to 3.05
Large Pieces US$ 2.85 to 2.95

Cashew market started moving up slowly from mid Aug and moved up sharply during Sept.  There was good demand from all markets till early Oct.  Highest levels traded were W240 at 4.05 to 4.15 and W320 at 3.60 to 3.70 FOB.   Market has been quiet since middle of Oct. In the last 3 weeks, prices came down a few cents from the large processors and more from the small / medium processors.

In Weeks 45 & 46, offers / trades were in the range of W240 from 3.75 to 3.95, W320 from 3.40 to 3.55, W450 from 3.30 to 3.45, SW320 from 3.35 to 3.45, Butts from 3.10 to 3.25, Splits from 2.95 to 3.05 and Pieces from 2.85 to 2.95 FOB

RCN market moved up between Aug to mid Oct.  In 2 months, prices for West Africa RCN (harvested from Mar/Apr to Jun/Jul) moved up from 1150-1250 range to 1350-1550 range. Tanzania RCN (harvest from Oct to Dec/Jan) started trading around US$ 1600 C&F. In the last 2-3 weeks, this has come down to US$ 1425-1450 C&F.  Even at this lower level, there is a disparity of 15-20 cents per lb.    If processors are not able to sell kernels at higher prices, they may be slow in buying RCN -  this might lead to some reduction in RCN prices but reduction will not be much since availability is limited because the Southern crop is small in quantity (less than 25% of world production).

Cashew continues to be the most reasonably priced nut moving in a relatively narrow range (compared to other nuts).  It would be reasonable to expect prices to remain in this range and maybe even move up a bit – depending on buyer behavior.  Will they continue to buy in small tranches which will keep market steady ? Will they buy larger volumes or longer spreads which will push market up a bit ??

For the time being, many buyers seem to be waiting to see how market moves in coming weeks before buying more since they have bought some quantities during Aug/Sep and because prices have slipped from the peak.   But, some are still buying part of their requirements from reliable processors (even at higher levels).

Although we cannot be sure how market will move, specially in an uncertain situation like we have now, our feeling is that cashew kernel  market will remain in range of 3.40 to 3.70  for next 3-4 months (maybe more).  Prices may even move up a bit more during this period. There are very little chances of any significant decline unless the next Northern Hemishpere (India, Vietnam, West Africa) crops which contribute 75% of World Production are all very good.  Even then, prices may not come down until there is a smooth flow of RCN from West Africa to India and Vietnam. It is quite possible that in 2015 we will see a different range compared to the 3.25-3.50 range that we have seen for more than 2 years now.

Pankaj N. Sampat | SAMSONS TRADERS

Thứ Ba, 11 tháng 11, 2014

India: Kernel Quiet Raw Cashew Dull

Tue Nov 11, 2014

Premium W320 is available around ` 5800/11.340 kilo/Goa-Mangalore. Premium jumbo half is trading even below this level. Mid size pieces, small pieces and BB is in demand. Global trends are almost steady but buyers are not interested in bulk contracts.
Despite there is some fall in the raw cashew, prices are still unworkable.


Vietnam: Cashew exports surge by 24% in value

November 11, 2014

Viet Nam exported 257,000 tonnes of cashews worth US$1.68 billion in the first 10 months of the year, up 20.5 per cent in volume and 24.4 per cent in value against the same period last year, according to the Ministry of Agriculture and Rural and Development.  Despite export growth, the sector has had low export prices, and its cashew processing plants are facing many environmental challenges.

Source: Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times)

Mozambique to sell 80,000 tons of cashews this year

November 11, 2014

This current cashew campaign in Mozambique is expected to see production of 80,000 tons for sale, 17,000 tonnes more than in the previous campaign, said Filomena Maiopué, Director General of the National Cashew Institute (Incaju). Maiopué also told Mozambican daily newspaper Notícias that of the 80,000 tons of cashew nuts available for sale, around half were produced in Nampula province, in the north of the country.

The weather conditions were more favourable this year than in 2013, and a better sale price is also expected compared to the previous campaign, which led producers to retain their crops, said the director general of Incaju, noting that smuggling cashew nuts to neighbouring countries was still a concern. Mozambique was one of the world’s leading producers of cashew nuts until the end of the 1970s, when it produced about 200,000 tons per year.

Source: macauhub/MZ

Vietnam: Demand for imports of Raw Cashew Nut dropped

November 11, 2014

After months of strong growth in imports of RCN, so far the market has shown signs of cooling down.  In the past week, trading in the market of RCN continued to be sluggish despite of news that the Government of Tanzania has not issued regulations for farmers' organizations and cooperatives of RCN traded below the floor price.  Indian enterprises this year also very confusing to decide when to buy East African crop. Currently the Tanzanian RCN prices are  at USD 1,460 / tonne CFR at HCM city  of quality 51 Lbs / 80 kg and 205 nut count.


Chủ Nhật, 9 tháng 11, 2014

India: Thaw in cashew sector talks

KOLLAM, November 8, 2014

Employers, workers may reach consensus on wage revision

Talks called by Labour Minister Shibu Baby John in Thiruvananthapuram on Thursday with representatives of cashew sector trade unions and employers in the Industrial Relations Committee, to end an impasse over wage revision for cashew workers, drew a blank.

But, in sharp contrast to talks in this connection on earlier occasions, Thursday’s talks were held in a cordial atmosphere and the two sides gave some indications of settling the issue at the earliest. In this connection, the trade union leaders and the employers agreed to hold another round of talks on November 25 “at which the issue has to be settled.”

Both versions

During Thursday’s talks, the trade unions expressed willingness to bring down their wage hike demand from 50 per cent to 40 per cent. But the employers, citing situations in the domestic and international markets vis-à-vis the prevailing cost of production in the State, expressed their inability to consider a hike beyond 25 per cent.

Their contention was that over the past five years, the price of raw nuts they import from the international market had doubled from Rs.50 a kg to more than Rs.100. At the same time, the price of kernels which they export had been hovering around Rs.475 to Rs.500 a kilogram for the past five years. In such a situation, even a 40 per wage hike would make the industry unviable, the employers said.

However, they said they were willing to offer a wage hike which the industry could bear at this juncture. The offer has hinted at the possibility of a 30 per cent wage hike during the November 25 talks. Both sides have not denied it.

Source: The Hindu

Tanzania: 17 billion to fund 3 cashewnut processing factories

Fri Nov 07, 2014

The Cashewnut Board and the Cashew Industry Development Trust Fund (CIDTF) has allocated 17bn/- to facilitate the construction of three new cashew nut processing factories.
Making the announcement in the National Assembly yesterday in the capital, Agricultural, Food Security and Corporative minister Eng Christopher Chiza said the factories will have the capacity to process at least 30,000 tons per year, (10,000 tons per each factory).

The announcement was prompted by a principle question raised by Riziki Said Lulida (Special Seats, CCM) who wanted to know of government plans to revive idle cashewnut processing plants after they were privatised but are now collapsing due to lack of funds.  In response, the minister said the government through CIDTF will construct new modern factories in Mkuranga, Tunduru and Mtwara.

As for the old and underperforming ones, he said plans are underway to work together with owners of the factories on modalities to renovate them by facilitating owners of the factories with seed capital to rebuild the factories with modern equipment.  According to the minister the government sold the factories to private individuals under the PSRC procedure, conferring them with title deeds to process cashewnuts but maintained that it is only unfortunate that the firms ran out of pocket to develop the factories.

"We need to increase production and add value as well ... our target is to ensure there is high rate of production and we will work closer with factory owners,” he said.  Between 1968 and 1980, the government built 12 cashewnut processing factories in Newala (2), Lindi (2), Masasi (1), Mtwara (2), Tunduru (1), Nachingwea (1), Dar es Salaam (2) and Kibaha (1).

Despite all the efforts, the 12 factories did not work as expected, the reason being poor production that was outpaced by demand. While the factories require 116,000 tons of cashew nuts, production has dropped to 16,000 tons.  The minister also announced that Prime Minister Mizengo Pindo is working to recover four other factories located in Masasi, Newala, Lindi and Nachingwea.

Letters such as this spread inaccuracies about a science that has been in use for almost three decades, has allowed farmers to adopt more sustainable cropping systems and is one of the safest food technologies ever to be served to consumers.