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, 31 tháng 10, 2015
Thứ Năm, 29 tháng 10, 2015
Increased production, improved processing, and access to market, alongside certification, is the way forward for the cashew industry, Mr Seth Osei Akoto, the Deputy Director in charge of cashew, Ministry of Food and Agriculture, has said.
He said to be competitive in the cashew industry, government needed to provide the necessary regulatory framework for the industry.
Mr Akoto was speaking at a National Cashew Development and Advocacy workshop in Accra.
The workshop was to validate an advocacy document on ways towards improving the cashew industry.
“To be competitive, supply must be organised and quality must be ensured,” Mr Akoto added.
He asked stakeholders to support research, extension services, and farmer linkages for a successful transfer of knowledge and technology to farmers, processors, and other stakeholders.
He encouraged the private sector to venture into private nurseries to increase production and contribute to the improvement in planting materials.
He said there should be much emphasis on production that could contribute to the value chain activities.
He recommended proper farming practices to improve and increase yield.
Dr Gideon Kofi Agbley, the Acting Executive Director, Cashew Industry Association of Ghana, said processing, marketing, production and trading were the major challenges facing the industry.
He said some of the advocacy issues the association intended to carry out included credit facilities, massive spraying, warehousing, receipt system and negotiation with stakeholders in Cote d’Ivoire to open a trading post.
He said Ghana had 12 major cashew processing factories but only one was working, explaining that the country did not have any effective system of policing trading activities.
Cashew nuts kernel are mainly used for the snack market as a roasted and salted snack.
They are used for cookies and cereals and appreciated for their high mono saturated fat levels and other nutrients, including protein, magnesium and copper.
Thứ Ba, 27 tháng 10, 2015
Cashew exports have seen growth in both volume and value in the first ten months of this year. (Credit: doanhnhansaigon.vn)
Mozambique: Condor Nuts of Mozambique is certified to export cashew nuts to the United States, Europe and Africa
Thứ Hai, 26 tháng 10, 2015
26 October 2015
Chủ Nhật, 25 tháng 10, 2015
Salty-snack junkies, the lactose-intolerant and lovers of Asian food are providing an economic boost for farmers in the war-torn northern provinces of Ivory Coast.
The West African country is poised to surpass India as the world’s top grower of cashews. Ivory Coast output has tripled in the past decade, including a jump after the civil war ended in 2011, industry data show. At the same time, prices have rallied as global exports surged along with rising consumption in the U.S., China and India. Long a staple in Asian cooking, the nut increasingly is eaten raw as a snack, and companies like WhiteWave Foods Co. use it to make non-dairy beverages and ice cream.
While people still consume far more peanuts -- not technically a nut but treated like one -- cashews have become a relative bargain among tree nuts such as pistachios, walnuts and hazelnuts. Almonds surged to records over the past two years during a prolonged drought in California, the biggest grower. Ivory Coast, already the world’s top cocoa exporter, saw the value of its cashew shipments rise almost 50 percent this year to become the nation’s second-most valuable crop.
The global cashew market last year was valued at $4.69 billion, compared with $8.32 billion for almonds, $7.33 billion for pistachios, and $6.45 billion for walnuts, according to the International Nut & Dried Fruit Council.
Rising incomes in the emerging economies of Asia are a major driver of cashew demand, especially in India, where the nut is ground to a paste for curries and sweets. Demand in the country, which also processes raw cashews for export, more than doubled to 240,000 metric tons of kernels since 2004, according to the African Cashew Initiative in Accra, Ghana. In China, purchases reached 50,000 tons, up from almost nothing a decade ago.
Expansion of the cashew industry has aided economic recovery following a decade-long civil war that divided a rebel-held north from the government-controlled south. A disputed election in 2010 sparked five months of violence and 3,000 deaths. Since 2011, the economy expanded 9 percent annually on average, and the government is targeting 10 percent this year.
Ivory Coast production reached 625,000 tons of cashews in shells as of June 30, compared with 185,000 tons in 2005, council data show. Next year, the country aims to produce 700,000 tons and pass India by 2017, Sanogo said. The country still doesn’t have much processing capacity, so it ships mostly nuts in shells, which are removed at plants in Asia and then sold as kernels domestically or re-exported.
Cashew nut exports for the rest of the year are expected to fall due to raw material shortages, according to the Viet Nam Cashew Association.
Viet Nam exported 215,000 tonnes of cashew nuts worth US$1.56 billion in the first eight months of the year, a year-on-year increase of 9.6 per cent in volume and 22.6 per cent in value, said Nguyen Duc Thanh, Vinacas chairman.
Cashew processors and exporters are faced with a severe raw material shortage, he said, adding that as much as 50 per cent of small cashew processing plants in Binh Phuoc and Dong Nai were out of materials.
The price of raw nut materials remains very high, but export prices have not been good compared to the previous month, he said.
A tonne of raw nuts imported from Africa was priced at about $1,000 earlier this year, but it is now at $1,300-1,400.
In addition, the appreciation of the US dollar against the Vietnamese dong has been another disadvantage in importing raw materials as firms now have to pay more in exchange for the greenback, he said.
The association forecasts that export volume will drop in the remaining months of the year compared to the same period last year.
According to the Department of Crop Production, the area under cashew cultivation since 2005 shrank by 122,200ha, to 294,000ha in 2014.
In 2014, output was 345,000 tonnes, a 59,068-tonne rise from the previous year.
The raw cashew nut (RCN) production in India slipped last fiscal and continued to stay much below the requirement of the industry, while the global demand is growing at over 10 per cent per annum.
“Cashew markets are growing at 10 per cent and more not only in India but also in the US, Europe and other countries,” Shahal Hassan Musaliar, Chairman, Cashew Export Promotion Council (CEPCI) said at the Council’s Diamond Jubilee function held here recently. To cope up with the global demand, significant efforts are needed to be taken to increase raw cashew nut production to keep the industry self-sufficient, he said.
Meanwhile, sources at the Cashew and Cocoa Development Directorate under the Union Ministry of Agriculture told BusinessLine that cashew production in the country in 2014-15 slipped to 7,25,420 tonnes from 7,36,560 tonnes in 2013-14.
They attributed the fall in output to “Unseasonal rains during the fruit setting period. ”Total area under the crop increased to 10,27,200 hectares last fiscal from 10,07,695 hectares in 2013-14.
Sasi Varma, Executive Director and Secretary, CEPCI said, “We need to choose the right blend of technology and ensure Indian cashew processing has the best food safety standards.”
Tanzania's economy remains heavily dependent on agriculture, which accounts for about a quarter of the national GDP, 85 percent of its exports, and 50 percent of the workforce. The main food crop is maize followed by cassava, sweet potatoes, beans, bananas, rice, and millet.
The largest cash crop is sugar, followed by cotton, cashew nuts, coffee, tobacco, sisal, and tea. Only a small portion of the country’s irrigable land is used for irrigation farming.
China’s relationship with Tanzania remains strong and vibrant. Between the years 2000 to 2011, there were approximately 62 major development finance projects undertaken by China in the country; for example, a $US400 million Chinese loan was given to the Kiwira coal mine. Another one was assistance on construction of the Benjamin Mkapa National Stadium.
More projects have been undertaken. China has made plans to construct a 150 acre logistics hub near Dar es Salaam port to help facilitate booming trade between China and Africa.
Chinese companies were recently awarded $US9 billion contracts for new rail lines in Tanzania, which will assist economic development, especially for land-locked countries in the heart of the continent.
In 2009, China and Tanzania had established the Tanzania Agricultural Development Bank. The Chinese government set aside $US500 million for the institution, which has the potential for offering crucial assistance to Tanzanian farmers. China has donated much needed modern machinery to the nation for tilling, planting, and harvesting. Meanwhile, over 30 Chinese-owned sisal farms are operating in the country.
The Chongqing Sino-Tanzania Agriculture Development Company opened the Demonstration Centre of China Agriculture Technology in the Dakawa, Morogoro region in 2012 to provide training and consultation to Tanzanian agricultural experts, officials, technicians, and thousands of local farmers.
China's agricultural assistance in Tanzania and other parts of Africa will play a crucial role to alleviate poverty and food-shortages on the continent.
Farmer-owned cooperatives, including dairy, nut and fruit producers in and near Stanislaus County, set a record last year for the net income made - $6.5 billion was up 16.5% compared to 2013 where only $246.7 billion was made.
The figures include farm, ranch and fishery products sold through co-ops, along with other co-ops that provide these producers with seeds, fertilizer and other inputs.
About 191,000 people worked for agricultural co-ops last year, 0.4% more than 2013.
Source: Fresh Plaza
Thứ Sáu, 23 tháng 10, 2015
Abidjan - Ivory Coast, where a presidential election is scheduled for Sunday, is the world's largest cocoa producer and the first African economic powerhouse of Francophone West. The country is gradually recovering from more than a decade of political and military crises and partition of its territory. - Houphouet-Boigny, Father of the Nation - Former French colony Ivory Coast became independent on Aug. 7, 1960, and Félix Houphouët-Boigny was elected president.
In 1990, after 30 years of power by the Democratic Party of Cote d'Ivoire (PDCI) and a wave of protest, the multiparty system is introduced. Houphouet-Boigny wins a seventh term. After the death of the "Father of the Nation" in late 1993, Henri Konan Bédié (PDCI) came to power. He won the presidential election of 1995, boycotted by the opposition and marked by violent street protests. - Political and military crises - On December 24, 1999, a mutiny of soldiers becomes coup, the first of the country's history. General Robert Guei announced the removal of President Bédié.
The September 19, 2002, an armed rebellion trying to overthrow the regime of President Laurent Gbagbo - in power since the controversial election of October 2000 - before taking control of the northern half of the country. Formerly called "safe haven", the country is found cut in two between a rebel north and a loyalist south. France, closely involved in the search for solutions, conduct a military and diplomatic action.
Deployed in 2002 to come between rebels and loyalists and protect foreign nationals Licorne evolves into a rapid reaction force in favor of the peacekeepers of the United Nations Operation (UNOCI), on site since 2004. October-November 2010, a presidential election, postponed six times since 2005, Laurent Gbagbo opposed to his rival Alassane Ouattara.
The country is left with two presidents, the Constitutional Council has proclaimed the victory of Gbagbo and the electoral commission that Ouattara. The UN recognizes the victory of the latter. In April 2011, Gbagbo was arrested after more than four months of crisis resulting from its refusal to concede defeat in favor of Ouattara and which left more than 3,000 dead. He is imprisoned in The Hague and be tried before the International Criminal Court.
- The world's leading producer of cocoa - Ivory Coast is the world's largest cocoa producer, with over 35% of global harvests and record production of over 1.7 million tonnes in 2014.
Coffee, Cashew (2nd world producer). Rubber plantations, cotton, palm oil or fruit. The agricultural sector accounts for 22% of GDP, over 50% of export earnings, and above two thirds of employment and sources of income of the population, according to the World Bank. Ivory Coast subsoil contains including gold, manganese, diamond, iron, nickel and copper, but only gold and manganese are extracted industrially.
Mining does not represent more than 5% of GDP, according to official data. The country has experienced a growth of 9% over the last three years and GNI (gross national income) per capita was $ 1,460 in 2014 dollars, according to the World Bank. - 23 million people - Country of West Africa bathed by the Atlantic Ocean, Côte d'Ivoire has 23 million people, including 5.4 million foreigners, according to the results of the first national census in 16 years made public late 2014. The nationality and the concept of Ivorian + + were at the heart of the Ivorian crisis.
The country has more than 60 ethnic groups. Yamoussoukro (over 200,000 inhabitants) is the political and administrative capital, Abidjan (nearly 5 million inhabitants) is the economic capital. acm / vdr / pgf / jhd
Thứ Tư, 21 tháng 10, 2015
Thứ Hai, 19 tháng 10, 2015
India imported Rs 6,571 crore worth of raw cashew nut for processing during 2014-15. But kernel exports during FY15 were valued at Rs 5,433 crore, clocking a forex earning deficit of Rs 1,138 crore.During the first eight months of FY16, Rs 6,000 crore worth of raw cashew nut was imported, but only Rs 2,068 crore worth of kernel was exported, resulting in a deficit of Rs 3,932 crore. Cashew nut is one of the most widely used edible tree nuts in the world. Cashew kernels are classified into several grades according to their size and colour. The evergreen cashew tree is also known for the liquid derived from cashew shell. Cashew nut, over the years, has emerged as a globally traded commodity.
Indian cashew sells for $3.35-3.65 (Rs 221.1-Rs 240.9) per pound (0.45 kg) in the international markets, while it retails at around Rs 500 a kg in India, where it is consumed in large quantities by the biscuit and confectionary industry.
The festival season in India, which falls between October and November, is expected to lead to a further surge in cashew demand and consumption. The global cashew market is also expected to see more positive changes in the fourth quarter, analysts said. Cashew is one of the 36 products (out of India’s overall export basket of 100) which had shown a compound annual growth rate of 21 per cent against the overall CAGR of 9.56 per cent.