Cashew Kernel Price Today
Cashew Kernel Price Today, July 21, 2017
W240: 5.20-5.25; W320: 5.05-5.15;
W450/ SW320/ LBW: 4.9-4.95;
DW: 4.5-4.6; WS/WB: 4.35-4.6;
LP: 3.75-3.85 (SP: Limited)
(Unit: USD/ Lb FOB HCMC/ Flexi packs)
Note: The above selling prices for non-Chinese markets/ Prompt shipment.
Thứ Bảy, 28 tháng 2, 2015
Thứ Năm, 26 tháng 2, 2015
Nigeria: NCAN signs N1bn deal with shipping companies to export cashew nuts
LAGOS – The National Cashew Association of Nigeria (NCAN) has said that it had signed a N1 billion deal with shipping companies in Nigeria to export cashew nuts.
Mr Sotonye Anga, the National Spokesman of the association, disclosed this in an interview with newsmen in Lagos. He explained that the deal was sealed at a meeting with cashew exporters, shipping companies and forwarding agents.
According to him, cashew exporters will export 6,700 containers of cashew nuts to Vietnam, India and other Asian countries this year. “We are pleased with the outcome of the cashew logistics meeting, held on Saturday the February 20 with stakeholders.
“We are giving shipping companies more than 6,700 container loads of cashew nuts for shipment to India, Vietnam, and other Asian countries.
“This translates to $5 million (N1 billion) worth of business which is about One billion naira as our industry wide cost of shipment.
“In return, we demand from them the best of service.
“We want the best in terms of care in handling our cashew shipments, shorter delivery and transit time at a pocket friendly rate.
“We insist on global best practice for cashew handling and so we will work closely with the shipping companies to come up with an industry
Thứ Tư, 25 tháng 2, 2015
Wednesday, February 25, 2015
The Viet Nam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of locally produced cashew kernels were shipped abroad in 2014, generating more than $2 billion and representing an annual increase of 17.4 per cent. Annual revenue grew by 21.9 per cent. Including the export of by-products, such as shell oil and other value-added products, total industry revenue reached $2.2 billion, Vinacas said, noting that the cashew export price averaged $6,553 per tonne in 2014, up nearly 3.8 per cent from the previous year. Vietnamese cashew is currently exported to 50 countries. Thirty per cent of total exports go to the United States, 25 per cent to Europe and 20 per cent to China.
Domestic enterprises also imported around 700,000 tonnes of raw cashew to ensure supplies for processing and export, raising the total volume of processed cashew kernel last year to 1.2 million tonnes, the association said. Such high figures make the cashew a staple agricultural export of Viet Nam, following rice, rubber, and coffee. However, Vinacas chairman Nguyen Duc Thanh forecast an array of difficulties in 2015, such as the depreciation of some foreign currencies which would probably affect exports, India and China's new cashew processing industries in Africa, and stricter hygiene and quality requirements. To further expand markets, Vinacas plans to step up promotional activities in the US, help its member firms improve product quality and hygiene, and organise an international cashew conference this year. It targets 350,000 tonnes of cashew kernel exports and $2.5 billion in revenue in 2015. Ta Quang Huyen director of Hoang Son Limited Company in Binh Phuoc Province said last year, his company received many orders from the European Union and Australia. However, because of currency depreciation in those countries, this year importers in these markets have ordered less.
Thứ Ba, 24 tháng 2, 2015
Thứ Hai, 23 tháng 2, 2015
Mon Feb 23, 2015
Some cashew farmers recently appealed to the Federal Government to provide assistance that would guarantee increased yield in cashew plantations in the country.
In separate interviews, the farmers told newsmen in Lagos that cashew was a cash crop that required low cost of maintenance. According to them, in spite of the cheap maintenance, many farmers could still not afford the cost. Mr Gidado Suleman, a cashew farmer based in Kebbi State, said that the crop had the potential to generate high income if properly cultivated.
He said that many cashew farmers were planting on a small scale and lacked the financial, capacity to buy improved seedlings, modem implements and disease control chemicals.
“We are just planting at subsistence level to feed our family; we cannot plant on a large scale.
“Cultivating and nurturing of cashew up till harvest stage is not easy for subsistence farmers because of inadequate farming equipment. “We often record low yield because many of the crops wither before harvest due to infectious diseases,” he said.
Another farmer, Mr Ezekiel Onyeama, said that the harvesting and processing of cashew were labour intensive. He added that mechanised farming would help to reduce the stress. Onyeama also said that cashew farmers often made little income from the cashew apples which usually get rotten during pre-market storage. He said that an improvement in the cashew value chain would reduce the losses arising from rotten cashew fruits.
“Government should encourage juice making companies to produce I 00 per cent cashew juice instead of producing flavoured drinks. “This will reduce unnecessary wastage and enable farmers to get more returns on their investments,” he said. Mrs Idiat Pelemo, a fruit seller at Mushin market, told reporters that she sold a 50kg bag of cashew between N10,000 and N12,000 .
Mrs Ramatu Adeoye, a cashew nut seller at Mile 12 market, spoke about the benefit of exporting the cashew nuts.
“Cashew nut is becoming widely accepted all over the world because of its nutritional benefits.
“Our customers are mostly from India and African countries. “The nuts can be kept for 12 months or more, as long as it is well dried and packaged inside ‘ziploc’ transparent nylon bags and stored in a dry place,” she said.
Nigeria is the sixth largest producer of cashew in the world, coming after India, Brazil, Vietnam, Guinea Bissau and Tanzania.