Cashew Kernel Price Today

Cashew Kernel Price Today...

Temporarily suspended for constructions

Thứ Năm, 28 tháng 5, 2015

Ghana: Cashew processors shutdown in droves

May 20, 2015

Almost all the major cashew processing companies in the country have shut down their operations as the result of many challenges, including lack of raw nuts supply and the infamous power crisis.
Of the 12 processing companies in the country’s cashew hub -- the Brong Ahafo Region -- only one, Mim Cashew Nuts Limited, remains in operation.
The processors say they have been bogged down by a plethora of challenges, including insufficient supply and skyrocketing cost of raw cashew nuts, high cost of credit, inefficient processing methodology, and the niggling erratic supply of power.
Kona Agro Processing Limited at Awisa near Wenchi is one of the companies that have suspended operations.
Its Managing Director Raymond Taylor told the B&FT that business is so uncompetitive that management decided in August 2014 that operations had to be suspended, leading to 185 people losing their jobs.
Amidst the insufficient local production of the commodity, he said, processors are seriously feeling the pinch from the 2013 ban by Ivorian Authorities on the importation of cashew nuts from that country.
Cashew industry players in Ghana (exporters and processors) trade around 150,000-200,000 metric tonnes annually and rely heavily on RCN from Cote d’Ivoire and other West African countries to supplement local production, which hovers around 40,000-50,000mt. 
Mr. Taylor indicated that before the Ivorian ban came into force they used to buy a metric tonne for US$700, but currently the same quantity sells for not less than US$900.
While the development, in effect, is good for farmers of the produce, it is badly affecting the business of processors, he said.
Another challenge the industry faces, he said, is the lack of access to credit as banks remain sceptical about lending to agribusiness.
Mr. Taylor also believes that the processing methodology employed locally needs to be moved away from the labour intensive Indian style, which increases production costs.
“Going forward, the Vietnamese processing methodology that thrives on automation and mechanisation would be appropriate for the industry to increase output with limited labour,” he said.
“The Indian style was supposedly good for Africa because of lack of electricity and the like, but gradually it has become outmoded for the industry. When we started operation, we were producing 4mt per day with 300-330 people. But in Vietnam, you can process the same 4mt a day with 100 people,” he added.

Leaders of healthy snacks gather in Antalya


DHA Photo
DHA Photo

Leading figures in the world of healthy snack foods came together in Antalya at the 34th World Nut and Dried Fruit Congress on May 22-24. Around 1,000 food professionals from 61 countries, including Coca-Cola CEO Muhtar Kent and Chobani CEO Hamdi Ulukaya, discussed the indispensable role of nut products and dried fruits in healthier diets across the world. 

“Every day more and more people are harmed by obesity and it causes an estimated damage of $2 trillion to the world economy. It has been proven with many scientific studies that nuts and dried fruits play a very important role in the battle against obesity. The consumption of nuts and dried fruit is considered to be the healthiest snack and they make a major contribution to the prevention and treatment of disorders such as above all obesity, diabetes, heart attacks and cancer,” said Goretti Guasch, the executive director of the International Nut and Dried Fruit Council (INC). 

He said the tree nuts supply value grew by 25 percent in 2014 compared to the previous year to $33.7 billion and the dry fruit market showed 5 percent growth in 2014 over the previous year, reaching $7.4 billion according to the INC data. 

Guasch also pointed out the fact that the nut and dried fruit supply value reached a total of $40 billion when the companies that were not included in the INC research were taken into account.

Speaking at the meeting held prior to the INC congress, Chairman Giles Hacking said, “Turkey is indispensable for the sector with its production volume and product diversity.”

According to the report released by the INC, Turkey became the world’s second largest producer with 336,000 tons of tree nuts in the 2014-2015 season. The country also became the world’s biggest producer of dried fruit, with 406 million tons of production in the same period. 

“Turkey needs to open to more export markets and increase the efficiency of production with investments... 

Turkey has many opportunities both in the domestic and the international markets which need to be evaluated,” said INC Executive Board Member and Congress Chairman Cüneyd Zapsu.

There has been a dramatic rise in the consumption of healthier and organic foods across the world, according to the chiefs of leading food and beverage companies.

“For instance, we launched a new yogurt, including several nut products and dried fruits, last year. This product has become our most rapidly selling Chobani yogurt,” said Chobani’s Ulukaya during a session in the congress.


Vietnam's cashew nut exports thrive

May 28, 2015

For the first five months this year, despite the significant decline in exports of many other agricultural products, cash nut exports still grew to 14.4% in volume and 27.3% in value against the same period last year.

Cashew nut exporters bullish on US market Q1 cashew export value up 15.42% Vietnam’s cashew sector sets records in 2014
According to the Ministry of Agriculture and Rural Development, around 32,000 tonnes of cashew nuts were exported during May, with export earnings of US$221 million, bringing the total export volume and overall value in five months to 117,000 tonnes and US$828 million, respectively.
The average export price for the first four months was US$7,146 per tonne, a year-on-year rise of 15%. The US, China and the Netherlands remained the top three largest importers of Vietnam cashew nuts, accounting for 35.57%, 14.66% and 10.49%, respectively, of the total export revenue.
The Vietnam Cashew Nut Association (Vinacas) said since early May, the number of US customers ordering Vietnam cashew nuts have surged. Partners even signed contracts through the fourth quarter of this year.
However, the US is a demanding market with high requirements on food hygiene and safety. Therefore, if businesses violate regulations, the US Food and Drug Administration (FDA) may refuse to import future batches.
Vinacas warned that businesses must strictly control the quality of exported products in to the US, in accordance with FDA regulations.
Source: VOV News English

Canada: Hazelnut shortage creates jobs for Ontario farmers

Posted: May 27, 2015 10:10:55 PM

Ontario farmers are stepping in to feed Canadians’ appetite for hazelnuts as the industry is hit with a worldwide shortage.A disease called Easter Filbert Blight has been killing nearly all of the hazelnut trees in British Columbia.This means a huge opportunity for Ontario farmers.The makers of Nutella and Ferrero Rocher chocolates are just a couple of the companies willing to pay big bucks for hazelnuts right now.Ferrero has signed a long term deal with the Ontario Hazelnut Association to create hazelnut crops to feed the Brantford manufacturing plant.This year Ontario farmers will harvest 40 percent more hazelnuts than last year.


Guinea-Bissau opens “one-stop-shop” for cashew exports

May 26th, 2015

A “one-stop-shop” to facilitate bureaucratic procedures for cashew exports started operating in Guinea-Bissau on Monday, under the responsibility of the Ministry of Trade, Industry and Crafts.The “one-stop-shop” centralises all the parties involved in the sale of cashews and expedites bureaucratic procedures for economic operators to export the nuts.The Minister of Economy and Finance, Geraldo Martins, who chaired the opening ceremony, stressed that this facility was important from a statistical point of view, since it allows for data to be collected on the sale of what is Guinea-Bissau’s main export product.Martins also said that exports of cashew nuts in this campaign may reach 200,000 tons against 136,000 tons in the previous one as “the campaign started well and producer prices are good.”The president of the Association of Exporters and Importers of Guinea-Bissau, Amadu Djamanca, praised the scheme and also said he expected this year’s cashew campaign to be a good one.


Turkey:Skyrocketing hazelnut prices continue to burden sector

May 25, 2015

Turkey’s struggle with inflation and attempts to regulate prices has drastically affected the price of hazelnuts, which have shot up from TRY 60 to TRY 120 in a week.

While Turkey by far is the largest hazelnut producer on the globe, consumers are struggling to cope with the unreasonable prices.Producer Mehmet Ekici like many others notes that the prices, which were at a mere TRY 30 in 2012-2013, has much to do with the free market sector in 2009 -- specifically the emergence of intermediary traders who view hazelnuts as a mere investment to buy in bulk and keep in stock, causing the market supply to drop while waiting for the prices to go back up for a better sale.“As a result of the free market policy implemented in the hazelnut sector in 2009, prices go up every time the supply is low. What can we say, except that if the consumer finds the prices too high than they should not buy them," Ekici said. His sentiments were echoed by the Black Sea Hazelnut Exporters Association (KFİB) Chairman Edip Sevinç, “The hazelnut farmer who used to sell his crop directly to the state now has to sell to traders. Traders who kept their hazelnuts in stock have proceeded to sell once they saw the prices rise.”Sevinç also added that while 300,000 tons were lost last year due to frost, a 600,000 ton yield was expected this year.


Thứ Ba, 19 tháng 5, 2015


MAY 19, 2015

India factory

The last two months have seen a sea change in sentiment in the Cashew Market.  There has been a significant increase in prices after a very long period of the market moving sideways in a narrow range.

Currently – middle of May 2015 – range of prices is W240 from 3.80 to 3.95, W320 from 3.55 to 3.75, W450 from 3.40 to 3.50, Splits from 3.15 to 3.25, Pieces from 3.00 to 3.15 FOB with hardly any offers at the lower end of the range.

An interesting phenomena has been the narrowing of differentials between grades.  Premium for large wholes and discount for lower grades has narrowed significantly.  Demand for large wholes is limited. Availability of lower grades is very tight.  In fact, in the Indian domestic market, Splits and Pieces are trading at prices higher than international market for some Whole Grades (this has happened after several years).

Until middle of March, everybody was expecting that Cashew Market in 2015 would be a continuation of what we have seen since the second half of 2012.  Crop prospects were looking okay.  RCN traders were willing to make sales at reasonable price in line with kernel market.  Shellers were not keen to buy because the season was just beginning.  Kernel buyers did not feel need to lock in volume for long spreads in a market which was going nowhere.  There was nothing on horizon pointing to any major change in prices or market trend.

In the RCN market, things started to change by middle of March.  There were reports of lower kernel yields in many areas.  Delays in shipments and fears of further reduction in yields in later arrivals forced shellers to pay higher prices to secure supplies of early arrivals.

This is one of the years in which RCN prices have been going up during the peak harvesting period of the Northern crops  which contribute 75% of the World Production.   In previous years when this has happened, there have been reasons like definite short crops or movement issues due to disturbances in growing areas.  This year is a mystery !!

One thing which is different this year is the increase in number of  RCN traders (also shellers).  Although the quantity each new player will or can buy is not large, the cumulative effect has lead to more competition in RCN buying leading to people paying prices which are totally out of whack with kernel prices.  Traditional players are forced to follow the market to meet their requirements.

On the kernel side, availability was comfortable in the first quarter. Buyers were able to get what they needed.  There was no pressure to pay higher levels to lock in supplies for forwards.  By end Mar/early Apr, offers started becoming scarce.  With the delays in RCN shipments and increase in RCN prices, shellers were reluctant to make new sales and started increasing kernel offers.  Some buyers who needed product for second quarter started paying higher prices and this prompted some business for second half at a small premium.  Today, even those premium prices seem low !!

In the last 2 months – from middle of March to middle of May – RCN price has gone up by 250-300 dollars per ton  which is equal to 45 to 55 cents per lb of kernels.  In the same period, kernel prices have gone up by about 20-30 cents.  This leads us to believe that unless there is a big decline in RCN prices, shellers will not be able to reduce kernel offers.

What can we expect in coming months ?
Given the fragmented production base, it is impossible to say what the crop is until major portion of the African crop is shipped.  Since shipments are slow, we will have a reasonable idea only by Aug.  One thing is more or less certain, kernel yields are lower in almost all African origins.  If shipments pick up in May/Jun, RCN prices could come down a bit.  But that may not be enough to compensate for decrease in yield.

We expect kernel availability to be lower than normal in May/Jun.  Hopefully, things will be better after July but by that time, buying will be at its peak in Asia (including the largest consumer – India – which is predominantly a  “ spot “ market).  In the third quarter, we can also expect some buying from importing countries to fill uncovered positions for 2015 and some portion of early 2016 requirements.

Next few months will be interesting.  There are several factors which will determine the Cashew Market trend i. e.  RCN prices, roaster & retailer strategy, trends in other nuts, general economic situation in the main importing countries and currency movements.

In our JAN 2015 analysis of Cashew price movement for 10 years, we saw that prices moved in the following ranges (except for the aberrations in 2008 and 2010/2011) :

                2.00 to 2.50 from 2005 to 2007
                2.50 to 3.00 from 2008 to 2011
                3.00 to 3.50 from 2012 to 2014

At any time, it is dangerous to predict what will happen in a market (for anything).  Specially for our  “crooked” nut (!!) at a time when supply position is not very clear.  But based on a  gut feeling we are willing to hazard a guess that in coming months, price for W320 will tend toward the middle or higher end of the 3.50-4.00 range with very little chance of it going below 3.50.

We would appreciate your comments on the market situation, supply side factors, usage prospects and your views + forecast of demand and price trend in coming months.

Pankaj N. Sampat | SAMSONS TRADERS

India: Cashing in on cashew

Sun May 17, 2015

A State-level seminar on emerging trends in cashew farming will be held at the Kerala Agricultural University’s Cashew Research Station at Madakkathara near here on Saturday. The seminar organised by the KAU in collaboration with the Directorate of Cashew and Cocoa Development ( DCCD) will be inaugurated by Minister for Cooperation C.N. Balakrishnan in the presence of MLA M.P. Vincent, KAU Vice-Chancellor P. Rajendran and DCCD director Venkatesh N. Hubbaali.

P.B. Pushpalatha, organising secretary of the seminar, said the seminar intended to educate farmers on new hybrid varieties, modern trends such as intercropping, and value addition techniques so that cashew farming in the State could be rejuvenated and reformed.

French delegation

Meanwhile, a delegation from SENS (Solidarités Entreprises Nord-Sud), a French entrepreneurship development company, which visited the Cashew Research Station at Madakkathara found the value-added products from cashew apple interesting and evinced interest in adopting the technologies for cashew apple processing in their units in Africa.

“We have entrepreneurship development programmes in many countries. The state of Benin, which lies close to Nigeria, is the land of high quality cashew, which is being exported. But the cashew apple is fully wasted and the processing technologies available with the KAU seems a wonderful avenue to enhance farmers’ income,” said Anne Meyer of SENS.


India: Traditional crops, cuisine should be encouraged: Minister

Sun May 17, 2015

Kerala state Minister for Cooperation C.N. Balakrishnan has called for an introspection on the reasons for decline of agriculture in the state.

Inaugurating a two-day state-level seminar on emerging trends in cashew farming organised by the Kerala Agricultural University (KAU) and the Directorate of Cashew and Cocoa Development (DCCD) at Madakkathara, the minister said regaining agricultural glory will be possible only if Keralites shed lazy lifestyle and affinity to junk food.

“It is pointed out that Kerala, which enjoyed a prominent position in cashew production has dropped to fourth position. Cashew factory workers are struggling for survival. Cashew market is thriving, but our production has come down. It is not the lack of research, but the general neglect towards farming that has led to this state. Let's go back to traditional crops and traditional cuisine, it will only help us, the Minister said. Minister also mooted a ban on strike in primary sectors so as to promote production.

M.P. Vincent, MLA, in his presidential address exhorted farming community to adopt and practice research findings of the KAU.

The inaugural session was followed by technical sessions on different aspects of cashew farming, post-harvest processing and value addition. The topics discussed included scientific farming practices, production of enzymes from cashew kernel, role of horticulture mission in cashew development, entrepreneurship development in cashew processing, pest and disease management of cashew, high yielding cashew varieties, organic farming practices in cashew, relevance of marketing techniques and practical lessons in cashew apple processing.


India: Wholes Steady, Premium Jumbo Half Moves Above Rs7000/11.340 kilo

Fri May 15, 2015

Premium W240 is available around Rs6800/ but there is no bulk availability in the Jumbo Half category even the offers are above Rs7000/Tin/Goa-Mangalore.

Cutting wholes in to splits and pieces is the best solution to this kind of situation.


India: French Team Evinces Interest in Adopting Kerala Agricultural University's Technology


THRISSUR: The four-member delegation of SENS ( Solidarites Entreprise Nord- sud) has expressed interest in the value-added products from Cashew apple while visiting Kerala Agricultural University’s Cashew Research Station (CRS) at Madakkathara.

The French entrepreneurship development company has also announced its intent to adopt the technologies for cashew apple processing in their units in Africa.“We have entrepreneurship development programmes in many countries. The state of Benin exports high quality cashew. But the cashew apple is fully wasted and the processing technologies of KAU look promising to boost farmers’ income,” said Anne Meyer, Charge de mission, SENS.Michel Pernot Du Breuil, one of the delegates, said that KAU could provide training for the entrepreneurs. “We are impressed with the simple but effective post-harvest management of cashew apple. At least, four or five products made from cashew apple can find market in other countries. We look forward for an effective collaboration with KAU in sharing these technologies,” he said.

Ghislaine Pernot Du Breuil and Marx Abidji, other members of the delegation, endorsed his view.

KAU Vice-Chancellor Dr P Rajendran offered support to the delegation and expressed its willingness to collaborate in imparting training to the entrepreneurs sponsored by the firm. “Apart from the processing of cashew apple to produce squash, wine, candy, vinegar, carbonated soft drink and pickle, training in advanced farming techniques of cashew as well as inter-cropping methods can also be imparted,” the VICec-Chancellor said.Dr P V Balachandran, director (Extension),CRS head Dr P B Pushpalatha and Dr A Sobhana explained the various technologies to the delegation.

Thứ Sáu, 15 tháng 5, 2015

Vietnam: Co-processing cement - cashews

13 May 2015

At the 24th AFCM Technical Symposium in April 2015, Nguyen Quoc Thang, plant manager at Vicem's Binh Phuoc cement plant, delivered an outstanding presentation. He explained the sourcing and processing methods for using cashew nut shells as an alternative fuel to replace coal at the plant.Around 300,000t/yr of cashews are grown and harvested in the south-east of Vietnam, the equivalent of about 130,000t/yr of cashew nut shell, 85% of which remains after processing. According to Nguyen Quoc Thang, the plant uses cashew nut shells to replace 35% of its fuel and has significantly reduced its CO2 emissions and fuel costs by doing so.

Cashew nuts are grown in large quantities in Brazil, India, Nigeria, Vietnam, the Ivory Coast, Pakistan and Indonesia, among others. In 2012, some 4.15Mt of cashew nuts were grown. Cashew nut demand has risen greatly in both the long-term and the more recent past. New (and delicious) products are being designed to meet the demands of health-conscious people and vegans, including cashew nut butters, cashew milks, cashew cream, cashew ice cream, cashew cheese and cashew cooking sauces. All at premium prices, of course, and all driving cashew nut demand ever-higher.

Cashew nuts are always sold pre-shelled, as the shell is toxic if consumed. Their growing production volumes and the necessity that they always be pre-shelled for sale or further processing makes cashew nuts an ideal alternative fuel for cement production, with reliable supplies guaranteed for the foreseeable future, subject to good crop yields. Moreover, cashew nuts are mainly grown in regions that currently have low cement plant alternative fuel substitution rates, providing an instant solution to some of the cement industry's environmental challenges.Cement producers in cashew nut-growing (and other types of nut) countries would do well to note the example that Vicem's Binh Phuoc cement plant has presented. In addition to saving costs and tackling environmental restrictions, the highly-profitable nut industries could provide extra economic value to their home countries through partnership with local cement plants.

Written by Amy Saunders, Global Cement

Rising cost of a healthy diet fuels the global obesity crisis: Fruit and veg prices TRIPLE as the price of ice cream HALVES

Rising cost of a healthy diet fuels the global obesity crisis: Fruit and veg prices TRIPLE as the price of ice cream HALVES

PUBLISHED: 11 May 2015

·        Healthy food prices in Brazil, China, Korea and Mexico have soared 91% - greater price hike than any other food.

·        In China fruit and veg prices have doubled in real terms in last 20 years

·        In Brazil people eat more junk food as a result - equivalent of 140 Big Macs a year per person. 

·        Experts have called for taxes on unhealthy food to subsidise fruit and veg.

The rising price of fruit and vegetables is stoking the obesity crisis, as people struggle to afford a healthy diet, experts have warned.

A new study has found the cost of eating healthy foods has soared 91 per cent while the cost of high-calorie processed foods has fallen.

The findings have prompted renewed calls for drastic action, introducing taxes on junk food to help stem the rising tide of obesity and obesity-related diseases.

Researchers have urged the Government to introduce VAT on unhealthy foods, and use the proceeds raised to subsidise fruit and vegetables.

The move, they say, would save thousands of lives lost each year to weight-related illnesses.

A new study by the Overseas Development Institute has found that over the last 20 to 30 years the price of fruit and vegetables has has soared while the cost of high-calorie processed foods has fallen

A new study by the Overseas Development Institute has found that over the last 20 to 30 years the price of fruit and vegetables has has soared while the cost of high-calorie processed foods has fallen

In the UK, from 1980 to 2012, the price of an ice cream halved, while the price of fresh green vegetables rose by 199 per cent.

Researchers at the Overseas Development Institute, a UK-based think tank, were inspired to look at the cost of various foods in emerging economies - in comparison with trends seen in the UK and US.

Focusing on Brazil, China, Korea and Mexico, the first study of its kind, found that between 1990 and 2012, fruit and vegetable prices soared 91 per cent, a price hike greater than in any other food group.

Meanwhile, some processed foods, including ready meals, have dropped in price by 20 per cent. 

The report, which compares retail food prices over the last 30 years, found:  
·        In Mexico, where almost 70 per cent of adults are overweight and obese, ready meals have become cheaper and the cost of green vegetables has increased since 1990
·        In Brazil, where the prevalence of overweight and obese adults has doubled since 1980, crisps, biscuits, energy bars and sugary drinks formulated to be 'hyper-palatable' are much more widely eaten than previously
·        In China green vegetables have become twice as expensive over the last 20 years
·        In Korea, the price of cabbage – a common ingredient of traditional dishes such as kimchi – has risen by 60 per cent
·        In the UK since 1980 ice cream prices have fallen by 50 per cent, while fruit and vegetables have gone up by 199 per cent

Experts have urged the Government to introduce VAT, or a similar tax, on unhealthy, processed foods to subsidise lower prices for healthy fruit and vegetables 

Experts have urged the Government to introduce VAT, or a similar tax, on unhealthy, processed foods to subsidise lower prices for healthy fruit and vegetables 

ODI researcher, Steve Wiggins, said: 'As a healthy diet becomes more expensive and a less healthy diet becomes cheaper, this may help explain why we believe in many countries our diets are becoming worse.

'It explains rising obesity rates, rates of obesity-related diseases and premature deaths.'
He noted that findings in Brazil show the consumption of 'ultra-processed ready-to-eat food has risen from 80kg per person, per year in 1999 to around 110kg per person, per year by 2013.

'Using the weight of the food as a measure, this is equivalent to each person eating an extra 140 Big Macs a year,' Mr Wiggins said. 

Researchers said the rising cost of fruit and vegetables may be due, in part, to cutting-edge technologies that result in higher quality produce that is cut, trimmed, bagged and washed.

 As a healthy diet becomes more expensive and a less healthy diet becomes cheaper... it explains rising obesity rates, rates of obesity-related diseases and premature deaths

ODI researcher, Steve Wiggins 
And they said a demand for fruit and vegetables out of season has also pushed up prices.

Meanwhile, advances in food manufacturing and falling costs of transport and logistics could explain the drop in prices of some processed foods such as noodles, ice cream, crisps and cookies.

Mr Wiggins pointed to a radical new approach being taken in Mexico to try and halt spiralling obesity.

He said: 'There is one country in the world, which has taken the plunge, Mexico. 
'In January 2014, in an attempt to curb obesity, Mexico introduced taxes on sugary drinks and energy-dense food. 

'Everyone is watching to see what effects these taxes have, as policy-makers in rich and poor countries struggle to respond to the looming health epidemic caused by changing diets.' 

A World Health Organisation report, published last week, warned nearly three-quarters of British men and two-thirds of women will be too heavy in the next 15 years. 

With obesity knocking up to nine years off a person’s life and raising the risk of diseases including cancer, millions face an early grave or ill health.  

Being overweight is clinically defined as a Body Mass Index (BMI) – a measure relating height and weight – of 25 to 29.9, with a BMI of 30 and above seen as obese. For the WHO’s study, the ‘overweight’ category also included anyone who was obese.

Currently 59 per cent of British women are overweight, including 26 per cent who are obese. And 70 per cent of men are overweight, with 26 per cent obese. 

In the UK since 1980 ice cream prices have fallen by 50 per cent, while fruit and vegetables have gone up by 199 per cent. Experts are calling for drastic action to try and stem obesity rates +3
In the UK since 1980 ice cream prices have fallen by 50 per cent, while fruit and vegetables have gone up by 199 per cent. Experts are calling for drastic action to try and stem obesity rates

Meanwhile in the US more than a third of adults are obese, equating to 78.6 million people.
The estimated annual medical cost of obesity in the US was $147 billion in 2008, with average medical costs for people who are obese being $1,429 higher than those of a normal weight.

Despite a rising tide of obesity across the globe, no nation has managed to stem the epidemic. 

The report recommends that emerging economy governments consider introducing taxes and subsidies to offset these price changes.

Mr. Wiggins said: 'Research in the UK in 2009 predicted that imposing a VAT-style 17.5 per cent tax on less healthy food and using the proceeds to subsidise fruit and vegetables would save between 3,600 and 6,400 premature deaths a year from diet-related disease.

'Even the lower estimate (3,600) is more than twice as many as the amount of people that die on the roads in the UK and a huge effort is put into road safety,' Mr. Wiggins added. 
Tam Fry, of the National Obesity Forum, told The Times that food taxes were urgently needed. 

He warned: 'It can't be on junk foods as these are the energy-dense foods on which huge numbers of people rely.

'But biscuits, sweets, cakes and so on — all that, I'm afraid, is indulgence. If you were to put a big tax on that it would send a strong message.

'If it doesn't happen then we're going to see an escalation and pay more on treating the problem that results. Obesity and its related diseases will bring down the NHS.'

Read more:
·        Source: