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 Hai, 31 tháng 8, 2015

India: Horticulture undergoes change in upland areasVenkatesh Bayya


TNN | Aug 31, 2015, 02.07 AM IST



VISAKHAPATNAM: The highland areas of north coastal AP are undergoing a visible change. The upland areas, which were originally known for their mango trees, now present a 'mixed' look. Cashew has become the most popular secondary crop, along with tamarind, jack fruit and even sweet tamarind and soapnut. Of these, only tamarind and sweet tamarind (also referred to as Madras or Thai tamarind) are large trees.

Planters from the region have been rather troubled by the manner in which mango has responded as a plantation crop, " Every once in two years, there is a bumper crop, but the next year it is bound to fail. Cashew acts as a balancing factor as it rarely fails. Sweet tamarind is also catching up in the market," said KV Madhava, a farmer from Gajapathinagaram in Vizianagaram district. Soil conservation expert BVNSE Sarma, who worked with the Soil Conservation Department, GoI, said, "At the end of the day these horticultural products should have a market. Mango has a great market, so does, cashew. Sweet tamarind is picking up along with jack fruit. In the case of soapnut the market is limited."Experts pointed out the market for soapnut is not more than 25,000 tonnes in AP. Hence there is need to replace it with jack fruit. In the case of sweet tamarind, mango, cashew, tamarind and jack fruit, the price is usually decided by the market forces.

However, they did sound a note of warning as far as tamarind is concerned. The experts said tamarind is a slow growing and steady yielding tree. Sarma said "Tamarind, soapnut and cashew are excellent soil binders and require very little water to survive. They do very well in soils which are well drained and ensure free seepage of rain and groundwater. More importantly, they ensure that the soil becomes more pest resistant."A kilo of loose sweet tamarind sells for Rs 200 and more. The prices of cashew are shooting up like never before. A kg of cashew fruit including the kernel is sold for Rs 100 a kilo. Farmers are keen to resort to the mixed method of horticulture, which ensures a balanced income. PSN Raju, a horticulturist from Uratla near Narsipatnam, said "at the end of the day we look for steady and trustworthy returns, not landslide returns, that would dry up sooner or later."

Source: http://timesofindia.indiatimes.com/city/visakhapatnam/Horticulture-undergoes-change-in-upland-areas/articleshow/48736983.cms

India: Ship brings cheer to Kollam cashew industry


August 31, 2015



The arrival of a ship with raw cashew directly from Africa to the Kollam port on Sunday for the first time after a gap of 47 years has pepped up the cashew industry here. If the operation becomes regular, it will ensure appreciable cuts in cost of production for the industry which faces stiff competition in the international kernel markets.Director of Ports P.I. Shiekh Pareeth said that 5,600 tonnes of raw cashew from the West African country of Guinea Bissau was brought as bulk cargo by a Singapore-based vessel to Kollam after a 35-day sail. The consignment is for various processors. Mr. Pareeth said a grace period of 20 days has been given to the processors to clear their consignments from the port. After the grace period rent will be charged.

He said it was sometime in 1968 that the last ship carrying raw cashew from Africa anchored off Kollam. In those days the cargo used to be ferried to the shore from the ship in small boats. But this is the first time a ship with raw cashew is anchoring at the wharf of the Kollam port.Mr. Pareeth said arrangements are being made for ships to regularly call at the Kollam port with raw cashew from Africa. When the operations become regular it can even pave the way for export of kernels through Kollam port.

About 60 per cent of the 6 lakh tonnes of raw cashew annually imported into the country reaches Kollam and peripheral areas for processing. These imports are mainly through the Vallarpadam (earlier Kochi) and Tuticorin ports. These are brought by road from the two ports to the factories at Kollam.The lorry freight charge for one container of cashew nut from the Kochi to Kollam was about Rs.12,000. At least 20,000 containers were brought annually to Kollam and the freight charges worked out to about Rs.24 crore a year. Similarly, 75 per cent of the more than 1 lakh tonnes of cashew kernel exported was from Kollam. The transport charges for that touched Rs.8 crore annually, the processors said.

Source: http://www.thehindu.com/news/national/kerala/ship-brings-cheer-to-kollam-cashew-industry/article7598579.ece

Thứ Bảy, 29 tháng 8, 2015

India: Currency Depreciation Halts Raw Cashew Trade


Fri Aug 28, 2015


Brazilian Real, Indian Rupee and Vietnamese Dong are facing trouble against the US Dollar. Global raw cashew trade needs complete stability in these currency market.

But there are no sellers in the Indian raw cashew as nobody is ready for this kind of sudden rise in the cost of import.

Source: http://worldcashew.com/

Thứ Sáu, 28 tháng 8, 2015

India: R&D centre for cashew processing to come up at Bantakal


August 28, 2015



A Research and Development Centre for technology upgradation of Cashew Processing Equipment will be inaugurated at SMV Institute of Technology and Management (SMVITM) at Bantakal in Udupi district on August 31.According to a press release on Thursday, the centre will be located at its Mechanical Engineering Department. 

India is the largest cashew growing country in the world.Udupi and Dakshina Kannada districts are among the major producers of cashew crop and more than 200 cashew processing industries operate in these two districts.

Many of these industries face problems including availability of skilled labour, short supply of cashew and use of old technology equipment.

Hence, the SMVITM has established a R&D centre in the institute with the objective of helping the cashew industries and taking up research work in the field of cashew processing to address its various problems.

Source:http://www.thehindu.com/news/national/karnataka/rd-centre-for-cashew-processing-to-come-up-at-bantakal/article7589488.ece

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R&D centre for cashew processing equipment opened at Bantakal

Wed Sep 02, 2015

A research and development (R&D) centre for technology upgrade of cashew processing equipment was inaugurated at the Department of Mechanical Engineering of SMV Institute of Technology and Management (SMVITM) at Bantakal in Udupi district on Monday.

According to a press release issued by the institute on Tuesday, the facilities at the R&D centre have been provided by the Karnataka Council for Technological Upgradation (KCTU), Government of Karnataka.

Importance

Inaugurating the centre, KCTU managing director Anil A. Uppin emphasised the importance of research and development in the field of agriculture. He lauded SMVITM for being the first functional R&D centre of the 16-sponsored projects by KCTU.

The R&D team at the Centre should have regular interaction with entrepreneurs of the cashew industry in Udupi and Dakshina Kannada districts. This will help them understand the problems of the industry and act accordingly. The KCTU will extend all support in the future projects of the R&D centre, Mr. Uppin said.

Chief guest P. Ramdas, managing director of Ace Manufacturing Systems, Bengaluru, emphasised the need for focus on excellence and passion for one’s chosen field.

Bola Rahul Kamath, president of the Karnataka Cashew Manufacturers Association, urged students to take up R&D projects that would help the industry.

Source: http://www.thehindu.com/

Thứ Năm, 27 tháng 8, 2015

Tanzania: Cashewnut board meets in Lindi Region to discuss development of crop


Thursday, August 27, 2015



The Cashewnut Board of Tanzania (CBT) has organised a two-day stakeholders’ meeting to be held at the end of this week in Lindi Municipality, it has been revealed.  According to the Board’s Director General, Mfaume Mkanachapa, the meeting scheduled for Friday will discuss the development of the crop.

However the total number of participants would not be known, but, he said, the board has already invited stakeholders in respect of the Cashewnut Act No. 18 of 2009. Experts say, despite its importance, the contribution of cashewnut to the economy is still too low as compared to that of other countries. CBT reports that Tanzania in 2012 produced about 158,000 metric tonnes of cashew nuts. Out of this 88 per cent were exported as raw nuts, while 12 per cent was processed internally, leaving a lot of value added and employment opportunities with the importing countries.

Cashewnuts provide an important source of income for over 250,000 smallholder farmers in Tanzania. Speaking in a dialogue held mid this year in Mtwara, small scale cashewnut farmers were quoted as saying they now don’t root for open dialogue platforms at district  and regional  levels in an effort to increase local processing and marketing of the crop. It is on this ground that local small scale processors agreed that there was considerable income being lost in exporting unprocessed nuts.

Many participants were of the view that farmers should resort to selling processed nuts rather than raw cashew that earn them very less money compared to the processed ones. They argued that there was a potential market for the processed nuts compared to the raw ones sold through the government’s compulsory procedure of warehouse receipt system (WRS). According to the farmers, a kg of raw cashewnut earns them 5000/- in return while the same quantity of processed nuts is sold at between 12,000/- and 16,000/-.

“The margin is quite big and that is why we now campaign that farmers should stop selling the produce raw and resort to processing, mostly in groups to reduce the burden,” said Tumpale Magehema of Ruangwa District in Lindi Region.

She said they currently have 33 groups in the district which process cashewnut, pack and sell to both local and international market. Magehema, who is an official in the group, added that it was not easy to bring small farmers together and form the groups but after a serious educational campaign, farmers have realised the importance of selling processed nuts. Juma Sadiki of Nachingwea had the same opinion, noting that the government needs to empower small scale processors.  He said initially there were 30 groups of small scale processors, but the number has increased to 50 in the last season.

“Farmers in Nachingwea, Lindi Region have realised the benefits of selling processed nuts and are grouping to increase productivity but the biggest challenge remains lack of finance,” he noted.
He pointed out that at district level, the authority needs to ensure that every ward was provided with small processing plants to increase productivity and by so doing municipal authorities would get more money in levies.

But this, according to Sadiki, should go hand in hand with educating farmers on the importance of forming small processors groups. Tanzania is Africa’s largest cashew nut grower after Mozambique and Ivory Coast, and the world’s eighth biggest producer.

Source:http://www.ippmedia.com

Thứ Tư, 26 tháng 8, 2015

Mozambican company plans to build cashew processing unit


August 25th, 2015 



A cashew nut processing unit may be installed in the Nhamatanda district of Sofala province in the next few years, reports the Maputo daily Notícias, citing the managing partner of the Beira-Boi company.Américo Sebastiăo said that the Beira-Boi project, whose main activity originally involved beef cattle, became interested in cashew planting about three years ago, at the time occupying an area of 30 hectares.Due to the results obtained, the company decided to expand the area to 120 hectares, where it planted 18,000 trees.The final goal is to occupy an area of 500 hectares, ensuring a supply of raw material to feed a cashew nut processing facility which should eventually be installed in that district of Sofala province, Sebastiăo said.The cashew trees planted three years ago are already bearing fruit. The company hopes to attain production of 500 to 800 tons of cashews so it can begin planning construction of the processing unit.The Beira-Boi project began eight years ago and currently possesses 2,100 head o cattle, of which 20 are slaughtered every month. The meat is mainly sold in the city of Beira.

Source: http://www.macauhub.com.mo/en/2015/08/25/mozambican-company-plans-to-build-cashew-processing-unit/

Thứ Ba, 25 tháng 8, 2015

Tanzania: Rise in agricultural exports

8/24/2015



Foreign exchange earnings from agribusiness have registered substantial growth, thanks to the increase of export price and value of some agriculture products.

The increased flow of export earnings from agriculture is good news to the stability of the shilling that in recent months experienced sharp fall against the US dollars. Despite the growing demand for the US dollars from the importer demand, local currency has of late continued to strengthen due to agricultural inflows. 

Cashew nut export earnings increased to 252.8 million US dollars from 133.4 million US dollars while earnings from coffee exports rose to 148.8 million US dollars from 126.7 million US dollars. However, the performance of cotton, tea, cloves and sisal recorded sharp decline.

With the launch of the Tanzania Agriculture development Bank (TADB) recently and the forthcoming commodity exchange will contribute and boost agriculture productivity and export earnings. According to the BoT report, the value of goods and services export increased by 9.4 percent to 9,398.5 million US dollars compared to an increment of 6.5 percent to 8,885.8 million US dollars in the corresponding period 2014.


Source: allafrica.com 

Publication date: 8/24/2015

Zambia: ‘Cashew value chain route out of poverty’


Tue Aug 25, 2015



NEWLY-formed cashew Processors and Exporters Association of Zambia chairperson, Wamundila Mwendabai , says there is need to establish a sustainable and viable cashew value chain that will provide a route out of poverty for majority of smallholder farmers.

Outlining the association’s development initiative that will run from 2015 to 2025, Mr Mwendabai said the members are targeting annual exports of 4,400 metric tons and 20,000 metric tons of cashew kernels and raw cashew nuts respectively.

“At this level of business, the association will increase its market share from 0.002 percentage point to 1.21 percent of the cashew global market. We also want to increase turnover from K578, 107 [US$ 71,108] to K300 million [US$ 37 million] and create 18,000 employment opportunities with 3,000 being factory employees, 5,000 self-employed smallholder farmers and 10,000 farm employees,” he said.

He said the present cashew hub has potential to produce about 130,000 metric tons of raw cashew nuts per annum with a turnover of K772.3 million (US$ 95 million).

“This represents four per cent of the global cashew production. With this potential, the cashew value chain has potential to create 30,000 jobs and support over 100,000 smallholder farmers,” Mr Mwendabai said.

He commended the Ministries of Agriculture and Livestock, and Finance and the Citizens Economic Empowerment Commission for their positive and strategic responses to revamp the cashew industry.

“We appeal to the relevant authorities to expeditiously disburse resources [funds, expertise, inputs, among other resources] to the cashew industry to enable various actors proceed to real action of maximising benefits by exploiting the potential of the cashew value chain to contribute to employment creation and eradication of poverty and hunger in the province,” Mr Mwendabai said.

Source: https://www.daily-mail.co.zm/?p=41455

India: Rai promises to strengthen Cashew board


Tue Aug 25, 2015



Minister for Environment and Forest B. Ramanath Rai assured the State government’s commitment to strengthen the Karnataka Cashew Development Board, which, at present, is not of much use to cashew growers.

During an interaction with Mr. Rai at the Kanara Chamber of Commerce and Industry here on Monday, a cashew trader pointed that the board was not doing much to improve yield of raw cashew that was in much demand for cashew processing units in the district.

The trader said because of lack of availability of raw cashew locally, the processing units are forced to import 1.5 lakh ton every year for meeting quantity of cashew exported and also the local demand of cashew.

“There is a lot of land available with the corporation. But so far no initiative has been taken to grow cashew,” the trader said. A representative of Karnataka Cashew Development Board expressed difficulty in growing anything in their land for lack of funds.

Agreeing with the cashew trader, Mr. Rai expressed the need to strengthen the board. “We are ready to provide funds for the Board (for growing cashew in its area); but we are not sure whether it is viable,” Mr. Rai said.

Employment mela


Earlier Mr. Rai said he was planning to hold a mega employment mela here, in November, in which companies from different parts of the country and even from Middle East will be invited. “I have already had a discussion. A final discussion will be held in Bengaluru shortly.

On the problem raised about poor condition of Shiradi Ghat Road stretch between Mangaluru and Bengaluru, Mr. Rai said the State government was going ahead with the proposal to have green by-pass in the ghat.

Source: http://m.thehindu.com/news/cities/Mangalore/rai-promises-to-strengthen-cashew-board/article7577571.ece

Mozambican factory to extract cashew shell oil


August 24th, 2015



A factory to extract oil from cashew nutshells will begin operating in the city of Nacala-Porto in Nampula province in 2017, said the provincial delegate of the Cashew Promotion Institute (Incaju), Jaime Chissico. The project counts financing from the central government and cooperation partners and the respective plans are in a very advanced phase, said Chissico, cited by the Maputo daily Notícias.

During a visit by provincial governor Victor Borges, Chissico explained that oil extracted from cashew shells is “considered vital in various industrial sectors,” among them civil aviation, and that there was no lack of raw material in Nampula, Mozambique’s leading producer of cashews.

The project’s feasibility studies are not yet finished and neither the minimum required investment, nor the capacity of the future factory, are known. However, Chissico guaranteed that those details would be available by the end of this year.Mozambique was at one time before independence in 1975 the world’s leading producer of cashew nuts, with annual commercialised production of 216,000 tons.

Source: www.macauhub.com.mo

Nigeria: NCAN Canvasses Investment In Cashew Plantation


Sun Aug 23, 2015

THE National President of National Cashew Association of Nigeria (NCAN), Mr Tola Faseru has rued the lackadaisical attitude of many Nigerians to the huge potentials in planting and processing of Cashew.


Faseru, at the African Cashew Business Competitiveness and Environmental Sustainability Programme, yesterday in Ilorin, said though Nigeria has the highest arable land for cultivation of the cash crop, it is not the best producer of it in Africa.

Besides, he lamented the dearth of knowledge on the potential benefits that the exploitation of the crop could contribute to the Gross Domestic Products (GDP) of the country.

Faseru, while extolling the visions of the founding fathers of African Cashew Alliance (ACA) with headquarters in Osu, Accra Ghana, said Nigerian farmers should embrace the large scale cultivation of the crop to upstage the leading roles in Africa of Tanzanian farmers and their Ghanian counterparts.

Source: http://www.ngrguardiannews.com

Thứ Bảy, 22 tháng 8, 2015

Nigeria: Promoting cashew farmers, ‘processors’ competitiveness


Thu Aug 20, 2015



Thousands of Nigerians are engaged in the cashew industry. Most of them are farmers who cultivate the crop, while others export the produce to countries, such as India and Vietnam. The nation’s annual production of raw cashew nuts stands at 144,000 tons. Approximately 50,000 persons are engaged directly in the processing of cashew, and another 100,000 are engaged in the growing of the produce.

Experts say there is a prospect of the industry creating over 50,000 new jobs in four years and injecting over N2 billion into the economy. However, there are constraints farmers and exporters face that undermine the efforts to realise the full trade potential through cashew export.
The constraints include barriers that impinge on trading, lack of access to finance, information and capacity for growth is limited. Adding to the problem, is the fact that only 10 per cent of raw cashew production undergoes further processing.

Despite these, the Executive Director, Nigerian Export Promotion Council (NEPC), Mr Segun Awolowo said cashew remains a big foreign exchange earner which has to be repositioned in the face of the declining crude oil price that is now more vulnerable to external shocks.

Addressing the forum on cashew business competitiveness and environmental sustainability, co-sponsored by USAID Nigeria, (NEPC) African Cashew Alliance (ACA), in partnership with the National Cashew Association of Nigeria (NCAN) in Ilorin, Awolowo, who spoke through the Deputy Director, Product Development Department, Mr William Ezeagu, said cashew has been identified as one of the major cash crops with huge export potentials for the country.

The cashew industry as a whole, he observed is still dogged by issues related to quality. Much of the problem with quality and safety issues, he continued, related to the large proportion of smallholders within the industry who lack the finances and ability to invest in modern technologies and innovate. Aflatoxins contamination, he noted is a trade issue, which needs to be tackled with urgency. He said the contamination imposes an enormous economic cost as it prevents commodities from meeting international regulations and standards governing agricultural trade and food safety. He, however, said awareness on the deleterious effects of Aflatoxin is fast rising and there is increasing demand by country stakeholders for action. Awolowo said NEPC is working with the World Trade Organisation(WTO) on preventive measures to address the issue that has lead to rejection of the nation’s cashew export.

He said as a country, post-harvest handling of produce should be taken seriously and farmers educated on how to mitigate Aflatoxin contamination. He said businesses must heed more attention to improving it for the industry to develop sustainably over the long term.

Business Advisory Manager, African Cashew Alliance, Mr Sunil Dahiya, said while Africa currently produces 40 per cent of the world’s supply of cashew nuts, it operates just a handful of processing facilities. He said cashew farmers and processors face difficulties complying with market requirements and lack the technical and financial means to produce cost-effective goods inz sufficient quantity and required high quality. As a result, when profitable new market opportunities arise, they are unable to be accepted as suppliers. This, he noted has given the alliance great concern. To end, he said ACA is focusing on building the capacities of cashew farmers and exporters to meet international quality standards through training on good agricultural practices to increase yields and quality. He said ACA has developed a capacity building programme to enables suppliers to meet the internationally recognised requirements in terms of food safety and quality. Through a combination of strategies, he said the alliance has been able to reach thousand s of farmers and processors, leading to the creation of new jobs in cashew nut processing, with 70 per cent of them for women. He said ACA has implemented sustainable pilot projects in several countries, where suppliers have achieved considerable improvement in their performance and compliance with food safety standards and Good Agricultural Practices (GAP). As a result, the quality and volume of marketable products has improved. At the same time, consumers have benefited from better and safer products and can expect more stable food prices.

He said start-up processors are provided with a range of advice on how to grow their business, keep up with current market developments, improve their use of technology and expand processing of cashew by-products.

The Managing Director, KD Food Processing Company Limited,Mr Garba Dikko said the lack of adequate knowledge on cashew financing by officials of banking institutions and farmers seriously affected fund raising to support agriculture in the country. He said the lack of knowledge about the specific financial needs of cashew farmers made the financial institutions to offer the same financial package to all farmers which often led to the disadvantage of many. He called for the development of different financial packages for different farmers groups engaged in different types of agriculture to meet their specific needs. With high cost of infrastructure, maintenance and electricity, he called on the government to protect local cashew processors and producers. Dikko said so much is required to establish a functional cashew processing plant. Dikko called for support for cashew processers to bring down production costs. Urging the government to offer assistance to farmers to improve production, he said poor productivity of cashew plantations is one of the major reasons behind the cashew nut processing sector performing at below capacity.

The President,National Cashew Association of Nigeria(NCAN),Mr Tola Faseru said the nation’s cashew sector has enormous potential for businesses seeking to invest in the crop. He disclosed,however, that the sector is however suffering from declining productivity and dwindling export earnings because of structural problems. As a result, Nigerian cashew is less competitive in the international market . He called on the government to establish a N50 billion cashew development fund to support the industry . With such fund, he said it would be possible for the industry to achieve the target of 500,000 metric tons per annum. Faseru said the association is sensitising farmers across the country on quality control to enable them to enhance their product quality. Faseru called for more support for farmers and for government’s assistance for to develop more cashew plantations. The NCAN chief said if the cashew crop was processed locally, new direct jobs would be created by more than 1,000 businesses that would arise from the industry and millions of naira would be realised. This possible outcome is what is driving the campaign of the association to boost cashew production nationwide.

The Director, Real Sector Department ,Nigerian Investment Promotion Commission (NIPC),Mr Reuben Kifasi said the cashew sector has many gaps and challenges, thereby providing opportunities at different levels for foreign investors to explore. He said there are some incentives and tax holidays for investors seeking to take advantage of investment opportunities which abounds across the agric sector. The need for high capacity processing plants, warehousing facilities, he said, are just some of the opportunities that investors can look at. He said NIPC is supporting sector players in developing coordinated efforts to mobilize domestic and foreign direct investment and enhance private sector development.

The Director,Cluster Development Department,Raw Materials and Development Council,Mrs Haraja Tanko said cashew is a big business and that the government is supporting it because the potential of the industry has not been fully harnessed. Mrs Tanko said raw materials council is working towards boosting cashew nut production by the establishing three- processing plants and giving improved seeds to support farmers . The Acting Chief of Party, COP Nigeria Expanded Trade and Transport (NEXTT) ,Engr Isaac Adegun said the development of the industry would not only help diversify the agriculture sector and enhance the national economy but would also be a good way of tackling poverty. To this end, he said the project is aimed at improving and expanding Nigeria’s trade efficiency domestically, within the region and beyond, so that trade, particularly in agricultural products, supports inclusive economic growth and the development. With improved support of USAID|NIGERIA through the NEXTT project, he said assistance to the cashew sub-sector has been scaled up to the level of offering technical assistance at both the organisational and firm level.

He reiterated that NEXTT is more committed to improving the processing arm of the sub- sector owing to its enormous potential of creating thousands of jobs and also contributing to macroeconomic stability through increased export earnings.

He said USAID has concluded a study on the Nigerian cashew industry, adding that steps will taken based on it to improve cashew business competiveness and environmental sustainability.
The SEAL Coordinator, ACA, Mrs Dorcas Amoh, said more demand for cashew, combined with buyer demand for product that is Seal-certified, is increasing sales. The certification, she said ensures quality for buyers, recognition for processors, and stability for farmers.

According to her, ACA Seal offers returns for all cashew stakeholders. Mrs Amos said without adequate waste collection services, she said cashew waste can carry health risks for workers at processing facilities and local communities. She said the plan of the alliance is to assist farmers to use waste materials for their businesses and communities in other ways.

Source: http://thenationonlineng.net/promoting-cashew-farmers-processorscompetitiveness

India: Kerala State Cashew Development Corporation favours suppliers, buyers


Fri Aug 21, 2015



Kerala State Cashew Development Corporation (KSCDC) which swears by the welfare of the employees ahead of commercial viability, however, has been working for the benefit of suppliers and buyers, according to the agencies that investigated the wrongdoing at the public sector company.

The report by the finance secretary in 2014 found irregularities in the sale of processed cashew. According to the report, the corporation incurred losses of ` 450, ` 500 and ` 300 per tin (each weighing 11.320 kg) for three categories of the product when compared with the prices fixed by Capex, a cooperative institution, for the same varieties.

The corporation sells approximately 2000 tins of cashew a day, making the loss to be around ` 10 lakh. The report recommended immediate ouster of the managing director saying that he had been working for the benefit of private cashew owners.

Reports of the Comptroller and Auditor-General from 2008 have pointed out the gross irregularities in the purchase of the raw cashew nuts, the raw material. In the 2014 report, it said though the corporation was required to follow transparent procedures in the procurement of the raw material, “90 per cent of the raw cashew purchased was from a single company, JMJ, a private firm.” It also reported tender violations and failure in maintaining the quality of product claimed during the tender procedures. An agreement existed with the state trading corporation for the purchase of raw cashew at that time, but the corporation chose to deal with JMJ, resulting huge losses, it said.

The expert committee headed by industries principal secretary P.H. Kurian in its report in May 2015 noted that the corporation construed the ‘freedom with responsibility’ granted by the government as freedom to purchase and sell without following any commercially prudent norms and ‘responsibility’ as providing maximum number of working days without consideration of efficiency, productivity, or financial prudence.

Source: http://www.deccanchronicle.com

India: Cashew Exports Fall on Costly Raw Nuts, Cut in Incentives

Fri Aug 21, 2015



Cut in export incentive and high cost of imported raw nuts have hit the cashew exports this year with the shipments showing nearly 14% drop for the four months to July .

India's loss has been the gain of Vietnam, whose exports have surged 28% in the last few months, according to trade reports. Vietnam has increased its processing capacities and is buying raw cashew nuts even at high prices.

For four months to July , the cashew exports stood at 31,864 tons compared with 36,850 tons in the same period a year ago. For July alone the shipments at 8,647 tons saw a fall of 15%. The slash in export incentive from 5% to 2% is said to be one principal reason for the slowdown in exports.

“When the cost of processing has gone up, 2% is hardly an incentive for the exporter. As a result, the exporters are losing money while those focusing on domestic market alone are prospering,“ said Hari Krishnan R Nair, MD, Western India Cashew.

In 2014-15, cashew kernel exports had set a record at 1,34,322 tons, valued at ` 5,545 crore. Runaway rise in the prices of raw cashew imported for processing has increased the cost of processing. In Kerala, around 35% increase in wages in the cashew sector has further added to the cost.

The prices of raw cashew imported from Africa and Indonesia vaulted to $1,650-$1,700 a ton a few months ago before cooling to the current level of about $300$400 lower.

“The raw cashew prices have increased 25% compared to a year ago while the prices of exported cashew kernels have gone up only by 10%,“ said Pankaj N Sampat, di rector of Mumbai-based Samson Traders. Vietnam has been buying aggressively , which has resulted in raw cashew prices remaining high. India has to import raw cashew for processing as the Indian production of 6-7 lakh tons are not sufficient to meet the requirement of the processing industries.

According to Sampat, the export offtake is likely to increase after September, which could push up the cashew kernel prices from the present level of $3.50 a pound.

Cashew processing, which used to be a monopoly of southern states, is now present in many states with the domestic consumption picking up.

Nigeria: Stakeholders call for establishment of Cashew Board to boost FX


Thu Aug 20, 2015



Stakeholders in the cashew industry have called for the establishment of a Cashew Board, to boost foreign exchange (FX) earnings for the country and generate more jobs for the people. The stakeholders made the appeal in interviews with the News Agency of Nigeria on Wednesday, at the end of a two-day workshop in Ilorin, Kwara State.

The workshop centred on the theme: “Cashew business Competitiveness and sustainability.” The stakeholders also appealed to the Federal Government to assist cashew farmers and processors in the country through the provision of a special fund, to boost cashew production.

Emmanuel Ezeagu, deputy director (product development), Nigerian Export Promotion Council (NEPC), said the Board would protect the interests of cashew farmers, saying the Board, when established, would ensure that Nigerian cashew species were of high quality and also source markets for them. Ezeagu, who described cashew business as a money-spinner, because of the high demand for the cashew nuts, said government should assist farmers to improve and increase production.

“Cashew, right now, is a money-spinner; there are lots of Indians and Vietnamese coming to Nigeria to buy the raw cashew nuts. The market for cashew nuts is so huge that Nigerian cashew farmers should take advantage of it,” Ezeagu said. He also called on both the states and local governments to encourage farmers to venture into the cashew plantation business, saying state governments can assist cashew farmers with improved seedlings, fertilizers and micro-credit loan facilities.

Tola Fasheru, president, National Cashew Association of Nigeria (NCAN), decried the high cost of processing a ton of cashew in Nigeria, saying it costs $500 to process one ton of cashew, whereas it costs about $250 in India and $217 in Vietnam to process the same quantity of cashew. Fasheru said for the Nigerian cashew industry to compete favourably with other countries, government should set up a special fund for the industry.

According to him, the sustainability and competitiveness of the sector may be a mirage if government at all levels does not assist cashew farmers and processors. Sunil Duhiya, business advisory manager, African Cashew Alliance (ACA), said the cashew industry had a great potential as a foreign exchange earner for the country.

To realise this potential, Duhiya said the sector must be properly harnessed and incentives provided by government, noting that the governments of India, Vietnam and Mozambique subsidised the cost of processing cashew nuts. According to him, the Indian government pays cashew processors $80 as subsidy per metric ton, while Vietnam pays about $70 to its cashew processors.

He said ACA, since its inception, was committed to improving the competitiveness and sustainability of the African cashew industry, as the Alliance had also made efforts to increase the processing of cashew in the continent. “Our objective is to facilitate the development of an industry that benefits the entire value chain, from farmer to consumer by sharing information and best practices among all stakeholders,” he said.

A cashew farmer, Akeem Anifowose, appealed to Raw Material Research and Development council (RMRDC) and investors to come up with the appropriate technology to process cashew apple and shell. He also made a case for the NEPC to find market for cashew shells, as many of the by-products waste away on their farms.

Source: http://businessdayonline.com

Thứ Tư, 19 tháng 8, 2015

Nigeria gets ACA’s support on cashew waste recycling


Posted By: Daniel Essieton: August 19, 2015



The  African  Cashew  Alliance has  reiterated  its  commitment to helping  Nigeria implement changes needed to reduce poverty  through  creation of  jobs  in  cashew waste  recycling.

Presenting  the USAID-funded Trade Hub Project commissioned study on  environmental management of cashew processing industry, ACA SEAL Coordinator,  Dorcas D. Amoh  said  Nigeria and other West African countries are denying  themselves the opportunities of  providing  more jobs and generating  additional revenue by  not  deploying  technologies  to  transform  waste  to  products  that  will  speed  up  industrial development.According  to study, Amoh said  there  were  very positive results within the Cashew Value Chain in West Africa in recent years, including expansions in production of raw cashew nut, a growth in installed processing capacity, and increased trade, but  noted  that  the  processing industry generates a significant waste stream with 50 to 75 per cent of cashew nut shells left over after processing.

Waste from cashew nut shells, she  noted  mounts up quickly and most processing plants have found it difficult to dispose of it properly, with growing mounds of waste dumps on-site. The presence of caustic CNSL (cashew nut shell liquid) in the waste, she  referred  to the study  slowed natural decomposition and can lead to local site contamination and toxic run-off into nearby surface waters.The dark and oily waste stream,she noted,  has given the cashew industry a slight black eye and prompted growing concern about the environmental implications of cashew processing. Accordingly, and in line with its project-wise Environmental Mitigation and Monitoring Plan (EMMP),she  said  the USAID-funded Trade Hub Project commissioned the study of the environmental management of the cashew processing industry to address  issues of adverse environmental impacts .The intention,according to her, is  to  seek solutions  and  improve the marketability of African cashew in an increasingly globalised market demanding sustainable production. Doing so,she  added would help to  expand West Africa’s comparative advantage in cashew production and processing.To her, the cashew processing  presents an  opportunity to diversify income sources  from  the subsector.

Source: http://thenationonlineng.net/nigeria-gets-acas-support-on-cashew-waste-recycling/

India: Brisk Buying Period in India


Mon Aug 17, 2015



Kerala based processors are losing interest in Cashew processing. Great Onam festivities start tomorrow. As Onam festival lasts for 10 days, kernel supply from Kerala would further reduce.

Similar condition also prevails in the state of Maharashtra. So sellers are demanding above Rs7000/11.340kg for premium W320 in Goa and Karnataka.

Pieces demand is skyrocketing again. On the contrary, CNSL market is in unnecessary panic mode.


Source: http://worldcashew.com/

India: Call for revamp of cashew industry


Monday 17 August 2015 08:54 PM IST



The cashew industry is moving from crisis to crisis. We must not make the mistake of evaluating traditional businesses comparing them with new-generation businesses. The cashew industry is part of the culture of Kollam and therefore, the industry should not be evaluated within the strict parameters of profit and loss.The industry sustains three lakh workers and about 15 lakh dependents of these workers. In the sector, the cashew development board is the biggest organisation that is under government control. While the board and Capex, a cooperative in which the government has significant control, are languishing, private entities are growing on their strengths.

The crux with the problem is not issues with the industry, but how the industry is being managed. While crores that are being provided to the Cashew Development Board, the government needs to ensure that these crores do not fall into the wrong hands.The industry is not able to meet even half of the domestic requirements and depends on imports from Africa. Exports are also dependent on raw cashew that is imported. Production at home has dropped to such levels that they can no longer meet increasing domestic demand. On the other hand, sourcing raw material from Africa is fraught with risks because the material takes 40 to 60 days to reach India from Africa. While in transit, the raw material could deteriorate or market forces could drag or push up prices. In addition, Vietnam has been able to provide cashew at lower costs than India and some Indian companies have started establishing processing units in Vietnam. Surging import prices could also soon prompt Indian companies to establish processing units in Africa.

In the domestic front, when raw cashew from Kannur and Kasargode- which are considered to be the best in the world in terms of quality- reaches Kollam, freight charges spiral to about Rs 15,000 per load. This increases processing costs considering that 60 per cent of the domestic production is catered to by northern districts.While in 1990s, Kerala was the leading producer of cashew in India, Maharashtra is the now the leader in terms of production. Kerala has also lost ground to Odisha, Karnataka and Andhra in terms of production. Farmers are moving farms outside Kerala because of land ceiling restrictions as well as taxes imposed by the government.Many solutions have been proposed to revive the industry, one being increasing domestic production in the state. Other solutions are improving technology and taking care of the needs of employees in the sector. The public sector needs to be restructured, modernised and revamped. Further, value-added products have to be developed. Marketing efforts to identify new markets and cutting down on norms and practices that harm the interests of workers would also help.

(The author is the chairman of the central warehousing corporation, and chairman of the UN Expert Committee on Housing. He is also a former chairman of Capex.)

Source: http://english.manoramaonline.com/news/columns/straight-talk/call-for-revamp-of-cashew-industry.html

Tanzania: NOTICE TO THE CASHEWNUT BUYERS REGARDING FRAUDULENT EVENTS FROM UNSCRUPULOUS CASHEWNUT EXPORTERS IN TANZANIA

NOTICE TO THE CASHEWNUT BUYERS REGARDING FRAUDULENT EVENTS FROM UNSCRUPULOUS CASHEWNUT EXPORTERS IN TANZANIA

Cashewnut Board of Tanzania has learnt through High Commission of India in Tanzania that there are some unscrupulous Tanzanian traders who have cheated Indian cashewnut importers during 2014/2015 crop season.

The Board strongly condemns the practice and wishes to inform the business community around the world that, the Board is following up the matter closely with relevant authorities to curb such unwanted behaviour,which seems to aim at tarnishing reputable image of Tanzania’s cashewnut industry.
In the meantime, we advise the buyers to exercise extra care when dealing with companies and agencies in the procurement and export of cashewnuts from Tanzania.

In addition to that, Cashewnut Board of Tanzania wishes to inform the business community, especially importers, that cashewnut procurement and export procedures from Tanzania are highly simplified for both local and foreign buyers. To buy cashewnuts from Tanzania and export, the buyers have to follow the following simplified guidelines:

Procedure for procurement and Exportation of Raw Cashewnuts
(a) Register your Company with Business Registration and Licensing Authority - BRELA (if not registered);
(b) Apply for a Buying license from Cashewnut Board of Tanzania; (c) Prepare and submit your buying offers at the respective auctions;
(d) Timely effect payments to the respective Primary Cooperative Societies through their Bank Accounts;
(e) Collect your consignment from the designated warehouses to your warehouses or to the port;
(f) Apply for the Export Permit from the Cashewnut Board of Tanzania;
(g) Pay the required Export levy through Tanzania Revenue Authority;
(h) Pay the Port charges to Tanzania Ports Authority;
(i) Stuff your cashewnutsin presence of CBT representatives; and
(j) Ship the cashewnuts to your desired destination.

The buyer can also arrange with Cooperatives Unions to procure and export raw cashewnuts on Free-on-Board (F. O. B) basis upon receipt of confirmed export orders.

It is the Board’s hope that this notice serves as a caution to the buyers and guidance to the same for effective procurement and export of cashewnuts from Tanzania.

For more information please contact us:

DIRECTOR GENERAL
CASHEWNUT BOARD OF TANZANIA
TANU ROAD, MTWARA
TEL: +255 23 2333303; FAX: +255 23 2333536
E-MAIL:info@cashewnut-tz.org or dg@cashewnut-tz.org

Thứ Hai, 17 tháng 8, 2015

India: Plea to declare cashew industry sick


August 15 2015



The general body meeting of the Cashew Exporters and Manufacturers Association has requested the State government to declare cashew processing as a sick industry.The meeting pointed out that while at the international level cashew processing had become mechanised resulting in bringing down production costs, in Kerala cost of production was going up because of wage hike decisions, which did not take the practical side into consideration.The wage hike had converted cashew processing into a loss venture, which in turn had resulted in many factories lying closed, a resolution adopted by the meeting said. Some other factories were operating because of commitments to financial institutions over loans. Once these loans were cleared, the owners might decide to close those factories too, it said.

Migration


Taking advantage of the situation in Kerala, cashew processing was growing in many States within the country. Many processors from Kerala had migrated to other States. Failure by successive governments to understand the problems in running the industry coupled with vote bank politics had brought about such a situation, the resolution said.

Source: http://www.thehindu.com/news/national/kerala/plea-to-declare-cashew-industry-sick/article7543523.ece