Cashew Kernel Price Today

Cashew Kernel Price Today...

Temporarily suspended for constructions

Thứ Bảy, 30 tháng 1, 2016

India: Indian exports slump; spices lift Kerala numbers

Monday 25 January 2016 05:12 PM IST by P.Kishore...

As Indian exports fell 18.5 per cent in the current financial year compared with previous year, exports from Kerala received mixed response. While export of seafood, cashew and spices increased, export of coffee, tea and coir products declined.

Noticing the slump in exports, the Union commerce ministry had asked all states to appoint export commissioners. Kerala has appointed principal secretary of industries P.H. Kurian as export commissioner. When the Council for Trade Development and Promotion, which is attended by trade commissioners, held its first meeting in Delhi last week, the centre put forward many reforms to promote exports.

Kerala accounts for only 1.5 per cent of India’s total exports. In the list led by Maharashtra with 26 per cent, Kerala comes at 12th place, below Gujarat and neighbouring states of Tamil Nadu, Karnataka and Andhra Pradesh.

Even now Kerala’s exports are propped up by spices, a sector in which the state has a strong presence. If exports during April-November 2015 are compared with the same period a year ago, spices exports have grown 17 per cent in value. In 2015, 4,22,840 tonnes were exported for Rs 8025.20 crore, up from 4,22,649 tonnes for Rs 6,886.60 crore a year ago.

In 2014-15, Kerala earned Rs 4,989 crore by exporting 1,66,753 tonnes of seafood, up from 1,65,698 tonnes a year ago, an increase of 1,055 tonnes, which led to an increase in value by Rs 289 crore. But this growth was below expectations. At the same time, cashew exports have gone up by Rs 237 crore.

However, Kerala went down in coffee, tea and coir exports. Coffee exports dropped from 80,674 tonnes to 75,634 tonnes, a fall of 6.3 per cent. As a result export value has also come down. Though tea exports rose in size marginally, their value fell from Rs 516 crore to Rs 511 crore because of lower prices.

Export of coir products fell sharply from Rs 556 crore to Rs 385 crore in a year. There is a marginal increase in export of food items, electronic products, chemicals, jewellery and textiles.

While a slump was experienced all over India in export of goods, export of services (including IT) increased. At the national level, the following sectors reported a slump: leather (-10 per cent); meat (-16 per cent); petroleum (-52.4 per cent); iron ore (-71.7 per cent); oil seeds (-31 per cent); chemicals (-11 per cent); electronics (-9.9 per cent); and gems and jewellery (-9.5 per cent). However, handicraft, drugs and jute products saw growth of 16.9 per cent, 10 per cent and 35.4 per cent respectively. 

Mozambique: Tax agency thwart illegal cashew nuts exports in Mozambique

Mozambican tax authorities in northern Nampula province frustrated the export of 38 containers with 589 tons of unprocessed cashew nuts heading to India, tax authorities announced on Wednesday in Nampula province.

According to Vicente Marcos from the tax authorities, the owner of the commodity falsely declared that his containers had beans, a product that benefits from an exemption of tax during export.
“The commodity is evaluated at 892,650 U.S. dollars (at the current exchange rate) and the tax that should be paid to the government are at 160,677 U.S. dollars. We regret that a national citizen is involved in tax evasion,” said Vicente.
Nampula province is the major cashew nuts producer in Mozambique and it is the one where the majority of the country’s processing companies are located.
To add value to the cashew nuts produced in Mozambique, the government decreed that it should be exported after processed, also one of the ways to generate jobs internally through cashew nuts production chain.
Mozambique is currently the 4th major cashew nuts producer in Africa and the 7th major producer in the world. Enditem
Source: Xinhua

Nigeria: Over 2,500 to lose jobs as Nigeria’s biggest cashew factory set to shut down

28 Jan. 2016
Over 2,500 to lose jobs as Nigeria’s biggest cashew factory set to shut down
The National Cashew Association of Nigeria on Thursday expressed concern that Olam Cashew Factory, Nigeria’s biggest cashew factory, would go into extinction if precautionary measures are not taken.
Sotonye Anga, the National Publicity Secretary of NCAN, told the News Agency of Nigeria in Lagos that cashew processors require government’s support to survive in the country.
Anga said the main reason for the imminent closure was because the factory was operating below 30 per cent installed capacity in 2015, in addition to the high cost of production.
He said the factory had an initial capacity of 28,000 metric tons per annum and had over 2,500 workers who were mostly women.
Anga said: “It is sad to say, but I am compelled to let you know that within days from today, January 28, Nigeria’s largest cashew processing factory will be shut down.
“This multi-billion Naira cashew factory, located in Kwara State, has an installed capacity of 28,000 metric tons of cashew per annum.
“In 2015, the cashew factory operated below 30 per cent of its installed capacity and by January 2016, it has become totally unsustainable and no longer viable processing cashew from this factory.
“The rationale behind the closure is the high cost of processing and production of cashew nuts, making them uncompetitive globally.”
According to Anga, the cost of processing cashew in other parts of the world is relatively low.
He cited countries such as India, Brazil, Ghana and Vietnam.
Anga said the average cost of processing cashew in Nigeria is $500 per ton, as against $200 to $250 in other cashew processing countries earlier mentioned.
He said: “How can Nigeria compete globally when the cost of production is about the highest owing to poor electricity supply, high cost of diesel, huge cost of running the generators?
“Other challenges are multiple-taxation, zero incentive to cashew processors and high rates on bank facilities.
“The closure of this factory would be a blow to Nigeria’s cashew industry and loss of jobs for 2,500 Nigerians, who depend on this factory for their livelihood.
“Cashew processors are very important value chain actors in the cashew ecosystem.
“Every cashew processing factory shut down translates to thousands of job losses.”
Anga said in 2014 and 2015, some pioneer cashew processing factories like Jof Cashew in Ondo State and ACET cashew in Lagos State were forced to shut down.
He said: “It is obvious that cashew processors require government’s support to survive.
“We, therefore, call on the government of Nigeria to be mindful of the plight of cashew processors in the country.
“The government should quickly create a cashew investment incentive that will deliberately reduce the cost of production and keep our processors afloat and in business to attract more investment to the sector.
“A strong cashew processing capacity in Nigeria means a guaranteed market for Nigeria’s raw cashew.”

Ghana-Vietnam To Promote Trade and Investment

Jan 29, 2016

Ghana Vietnam Chamber of Commerce has been officially launched in Accra to help promote trade, investment and bilateral relationship between Ghana and the Socialist Republic of Vietnam.

Currently, Vietnam is ahead of Ghana in terms balance trade. As at the third quarter of 21, exports to Vietnam from Ghana amounted to US$69 Million and imports from Vietnam to Ghana stood at USD$115 Million.
Besides, Vietnam has also made remarkable progress in reducing poverty.
By using $1.9011 PPP line, the fraction of people living in extreme poverty dropped from over 50% in the early 1990s to 3%.
Vietnam has also managed to improve macroeconomic stability, with the consumer price index rising only 0.6% year -on- year in August 2015, down from 4.3% a year earlier.
Addressing Journalists during the launching in Accra, the Director of Operations of Ghana Vietnam Chamber of Commerce Mr. Enerst Agbemor- Yeboah, noted that Ghana is currently behind Vietnam in trade.
“We believe that by taking this initiative, trade between the two countries will be enhanced for the mutual benefits of both countries”, he stated.
He cited key imports from Vietnam as rice, computer, electronic products, iron, steel products and tooth paste. Key exports to Vietnam includes wood products, seafood and cashew nuts.
This he said, their vision is to improve, trade, investment and socio- economic collaboration into the establishment of full diplomatic ties between Ghana and Vietnam.
By setting up of Embassies in each other’s country to facilitate easier movement of citizens , goods and services.
The Director of Operations, therefore tasked the media to endeavour to spread the good news about the Chamber since it is bringing Ghana and Vietnam together to champion development agenda.
By: Isaac Kofi Dzokpo/

Vietnam, W Africa beat India, turn top cashew suppliers

Fri Jan 29, 2016

India is no longer the top supplier of cashew kernels to the world market and that position has been taken over by Vietnam for kernels and West Africa for Raw Cashew Nuts (RCN).
On the demand side, the US and EU continue to be the major buyers but they have been overtaken by Asia, which has, of late, become the largest consuming region with India taking the lead in consumption.

Meanwhile, the world cashew kernel market has been maintaining a steady trend and that is likely to continue as there is not much chance of any big price movement unless something dramatic happens on the supply side.

This stability in a period when there have been significant changes in prices of other nuts is attributed to reasonable steady growth in global usage, Pankaj N Sampat, a Mumbai-based dealer told BusinessLine.

Current price range for W240 is $3.75-3.90, W320 $3.50-3.65, W450 $3.40-3.50, SW320 $3.35-3.45, SW360 $3.25-3.35, Splits $3.2-3.35 and Pieces $3-3.15, all per lb (fob). Meanwhile, Indian cashew exports during the first nine months of the current fiscal have shown a decline of 19.5 per cent from that of April- December 2014-15, according to Cashew Export Promotion Council of India.

Exports dip

Total shipments in April-December 2015 stood at 72,284 tons valued at `3,677.23 crore against 89,834 tons valued at `4,048.76 crore in the same period last year. The average unit value was at `508.72/kg during the current fiscal whereas it stood at `450.69 last year.

At the same time imports of raw cashew nuts (RCN) showed an increase of 36,674 tons over the imports in the same period last year.During 2015, price of RCN was low in February/March before beginning of the Northern Crop, which accounts for over 75 per cent of world production. They moved in April/May when trading volume was at peak and edged down in July/August.

Prices moved up again in September-November when the Southern crop was being traded and eased a bit in last two weeks.

Price outlook

On an average, Pankaj said, RCN prices in 2015 were about 25 per cent higher than that of 2014 but there was almost no change in kernel prices. This is putting pressure on processor margins. Looking at current situation, the trade is of the opinion that some volatility in prices is likely to prevail in the first quarter.

If kernel demand in January/February is not very strong and if 2016 crops are very good, it is possible that RCN prices could dip a little in March/May, he added.


Thứ Năm, 28 tháng 1, 2016

Ghana: Trade Ministry Starved Of Funds

Wed Jan 27, 2016

Less than one per cent of the 2016 budget of the Ministry of Trade and Industry will be used to support trade and industry initiatives this year. This is because out of the GH¢259.61 million allocated to the Ministry of Trade and Industry (MoTI) for spending this year, GH¢258.61 million, representing 99 per cent, is to be disbursed to subvented institutions under the ministry.

Part of that amount would be used to pay the salaries and remuneration of staff of the ministry, leaving only GH¢750,000 for goods and services.
“This amount (GH¢750,000) is less than one million cedis, it is less than the price of a two-bedroom house, yet that is the amount we will work with after taking out salaries and allocations to the agencies,” the Sector Minister, Dr Ekwow Spio-Gabrah, said at the National Cashew Dialogue in Accra.

He explained that the meager nature of the ministry's goods and services budget normally constrained efforts aimed at developing the industrial and trade base of the economy.
The ministry currently has about 16 institutions under its care, out of which all, including the Ghana Export Promotion Authority (GEPA), the Export Development and Agricultural Investment Fund (EDAIF), the Komenda Sugar Factory and the Ghana Standards Authority (GSA), are subvented.

He said a chunk of the ministry's budget could be saved if majority of the institutions were weaned off the subventions. “Some of them are ready to be weaned off. The GSA has actually proposed to be an independent agency but they say they can do so only if, in their view, the Ghana Conformity Assessment Programme (GCAP), is brought back. They think it is one of the sources of revenues that has been denied them,” he said in an interview with GRAPHIC BUSINESS after the dialogue.

“So, it is either the government can keep them under subvention without the GCAP or they are given the GCAP and taken out of subvention,” he said.
Asked what he would advise under the current situation, Dr Spio-Gabrah said the issue of the GCAP was part of a range of policy initiatives being discussed with stakeholders and the presidency.

Cashew dialogue

The national dialogue, which was on the theme: “Revitalising the Cashew Sector, an Opportunity Neglected by the Nation,” aimed at outlining measures to raise output of the crop to 150,000 metric tons by 2025.

Currently, annual output of cashew is reported at 50,000 tons, majority of which is exported, leaving the local manufacturing sector to fend for itself. As a result, the low production figures has combined with increasing cost of production, lack of funds and stringent cashew nut import measures to make the processing of the crop unattractive, leading to the collapse of the processors.

Only nine of the 12 processors in the country are in active business.
“If we put the right structures in place, we can even move from the 50,000 tons to 200,000 tons within the next 10 years. The good thing is that we have good land suitable for cultivation,” the President of the Ghana Cashew Industry Association (GCIA), Mr Winfred Osei Owusu, said at the dialogue graced by the Trade and Industry minister.

“Currently, the land that is suitable for cashew production is three million hectares. Out of that, we are farming on just 100,000 hectares. So, if we get the support, then we can increase production,” Mr Owusu added.

While admitting the need to support the sector with funds to grow, Dr Spio-Gabrah said his outfit was only in charge of the trade and industry bit of the economy, as the Ministry of Food and Agriculture oversees the agriculture sector.

That notwithstanding, he said the limited nature of budgetary allocations to the MoTI meant that any attempt to support the cashew processors with funds would be constrained.

He, however, pledged to work with them to unearth the potential of the crop, which he said he had been cultivating for 17 years.


Thứ Tư, 27 tháng 1, 2016

Mozambique: Customs seize 589 tons of raw cashew in Nacala, Mozambqiue



According to a report in Notícias, customs in Nacala, Nampula province have seized 38 40-feet containers loaded with a total of 589 tons of unprocessed cashew nuts about to be fraudulently exported to India.

Vicente Marcos, head of public relations at Mozambique's Tax Authority North, said that the owner of the goods, a Mozambican national, had declared that the boxes contained beans, which do not attract and export surcharge.

"The seized goods are valued at 40,547,790 meticais. The surcharge payable to the state amounts to 7,298,602 meticais. It is particularly unfortunate that it was a Mozambican national who was caught trying to practice tax evasion," said Marcos.

Also according to Noticias, normal Customs Court procedures for the payment of the taxes due and the reversal of goods to the state according to applicable legislation are being followed.

Marcos added that the seizure was the result of routine surveillance activities developed by teams specifically created by the institution for this purpose, and that his institution would continue to develop enforcement procedures to deter entrepreneurs and others from tax evasion in the export and import of goods.

At the official opening of this cashew nut marketing year, the director of the National Institute of Cashew Development (INCAJU) Filomena Muaiopué had emphasized that the Mozambican government would be making special efforts to ensure that all the cashew nuts produced in the country are processed locally.

"Today we have many cashew nut processing plants. We do not want our nuts exported raw, and we have established facilities in all production areas of our country to process them and create jobs for our citizens," Muaiopué said.

Source: Notícias

Photo: Notícias

Vietnam: Mixed feelings for Vietnamese cashew, dragon fruit exporters

January 25, 2016

Although the output of Vietnamese cashews has been improving in markets such as Japan and the U.S., companies are still anxious over large export contracts, as they fear that there will not be enough product to meet demand. For dragon fruit exporters, the market is expanding, but unhealthy competition amongst exporters is affecting the ability to meet orders.The Hoang Son I Limited Company in the southern province of Binh Phuoc signed a cashew export contract up to May this year, according to Ta Quang Huyen, director of the company."The world market is consuming Vietnamese cashews with export prices rising from VND72,800 per kilogramme to VND78,400 per kilogramme," Huyen told the Phap Luat Thanh Pho Ho Chi Minh (HCM City Law) newspaper.However, large export contracts make enterprises worried."The company does not dare to sign contracts with large volumes because we are worried that there will be not enough raw cashews to meet the signed orders," Huyen said.Huyen said the domestic raw cashews could supply only 30 percent of the demand for export processing.

Responding to this issue, Nguyen Duc Thanh, chairman of the Vietnam Cashew Association (Vinacas), said Vietnam could process about 1.3 million tonnes of cashews each year, however, the country could supply only 500,000 tonnes, with the rest imported from Africa and Cambodia.Meanwhile, the export of dragon fruit in the beginning months of this year has also been smooth, according to Tran Ngoc Hiep, director of the Hoang Hau Dragon Fruit Farm Co, Ltd.Besides the key market of China, the company expanded its exports to the US, Japan, Europe and Southeast Asia.Export prices to China are around VND22,400 per kilogramme, said Hiep."However, the difficulty of the sector is the unhealthy competitiveness among traders, which means exporters do not have stable goods to meet the orders of foreign partners," he added.

(1 Vietnamese Dong =0.000045 US Dollar)


Vietnam: Towards the creation of an appellation of origin of cashews controlled in Vietnam

January 19, 2016

The Binh Phuoc province in southern Vietnam, the very one who had received a delegation from Benin and Côte d'Ivoire in November at the 7th International Conference of cashew nuts, is studying the possibility of creating a designation of Origin for its nuts.

In coordination with the Department of Science and Technology Binh Phuoc, the Department of Agriculture and Rural Development Binh Phuoc, the Association of cashew nuts from Vietnam (Vinacas) and producers, a delegation of French researchers CIRAD conducted, from January 7 to 14, a field survey to develop a specification to highlight the specific criteria and objectives that demonstrate how cashew Binh Phuoc is specific and can benefit from the geographical indication, and in order to help local farmers to achieve greater recognition by consumers of the product and improve its economic value, reports Vietnam +.

At the meeting, it was quality issue, closely managing imported raw materials in the resort, difference between cashew Binh Phuoc and the imported, among others.

According to Tran Van Vân, Science Director of Binh Phuoc and Service Technologies, the path is traced forward to establishing a label "Cashew Binh Phuoc."

On funding (€ 800,000) ede the French Development Agency (AFD), CIRAD attempts to develop controlled origin indications in Vietnam. The AFD project, which runs from 2014 to 2017, focuses on two products that are pilot Quang Tri pepper and cashew Binh Phuoc.


Thứ Ba, 26 tháng 1, 2016

India: Feni To Be Branded As 'Heritage Brew' By Goa Government

Fri Jan 22, 2016

After bagging a Geographical Indication, Goa's 'Feni' is now getting ready to stand out among country liquors and to be tagged as 'heritage brew', a senior official said today.

"Goa government has already initiated a process to tag Feni as heritage brew outside the state. With this, Feni will get a opening in markets outside Goa," said Mac Vaz, President, Goa Cashew Feni Distillers and Bottlers Association ahead of a conference of stakeholders scheduled to be held tomorrow.

A Geographical Indication (GI) is given where a given quality or any other characteristic of a particular product can be attributed to its geographical origin.

Chief Minister Laxmikant Parsekar will inaugurate the meeting tomorrow morning.

"Because of the negativity attached to country liquor, people perceive this (feni) too as one of those country liquors. Now we want to give it a different tag and classification," Mr Vaz said.

He said we need to realize that Feni is the 'Kohinoor' among alcoholic beverages. It attained the GI mark in 2010. After receiving the GI mark, the perception of Feni has gone up globally, he said.

"We Indians look down at our own assets, only when white men acknowledge it then we wake up and realize the essence of our assets," Mr Vaz commented.

"India has a USP globally, anything that comes from India has a natural pull," he said.

For the makers of this liquor, getting GI sign has helped financially. Mr Vaz said post GI mark, sales have also soared four times. Goa has 28 units which bottle Feni across the state.

Talking about the stakeholders' meet, he said, "there was a need for celebrating Goan spirit as a proud alcoholic beverage from India.

"Just like Americans celebrate their Mustang horses we must celebrate our Marwari horses. Similarly, just like the West is taking their own spirits to the world like Scotch, Champagne and they are coming to India, we should feel proud to take swadeshi spirits from India to the world," Mr Vaz commented.

"Feni is an example of Made in India. For me Make in India is little diluted version of Made in India. Feni is the produce of India and we have been motivated with this emotion for over a decade," he said.


Ghana fund releases grant to boost SMEs

Posted on Friday, 22 January 2016 16:47

Ghana has set aside funds to support businesses that require long term investment, but cannot access short term loans.

The country's Export Trade, Agricultural and Industrial Development Fund (EDAIF) approved a tranche of 50 million cedis to set up equity fund targeting investment to small and medium enterprises (SMEs) that engage in agro-processing, export trade and industrial development.

Equity financing would be injected into agro-processing and extended to enterprises that trade in vegetables, fruits and juices, meat and dairy and edible oils. The agency's officials say it would also provide investments to start-ups, early stage companies and enterprises.
Funding would also be expanded to include those engaged in packaging materials, apparels, woodworks, handicrafts, paper and pulp as well as aluminium and metals.

Between August and December 2015, the EDAIF board approved financing facilities amounting to 52.3 million cedis to beneficiaries in the public and private sectors, the fund's chief executive officer Barfour Osei said.

The latest grant is made up of 20.3 million cedis in interest free repayable funds and 13.2 million cedis as credit for the purchase of equipment, tools and accessories for agro-processing and 5.7 million cedis in loans for rice, cashew and poultry production.

The remaining 13.1 million cedis would support EDAIF-sponsored cassava, which will receive 8.6 million cedis while 4.5 million will go into mango projects.

The Northern, Brong Ahafo and Ashanti regions are expected to benefit from phase one of the project.

The fund would also support the establishment of three processing factories and over 1000 beneficiaries are projected to get financial aid to cultivate nearly 4,000 acres of cassava to feed factories.

"Approvals for the Mango project covered maintenance of existing farms of over 5,000 acres and the cultivation of additional 2,800 acres across the country," Osei said in a statement.
In Ghana, readily available data on SMEs is scarce but statistics from the country's Registrar General's Department suggests that 92 percent of companies registered are micro, small and medium enterprises.

SMEs in Ghana are said to provide about 85 percent of employment and contribute about 70 percent to the country's Gross Domestic Product.

Industry players believe SMEs are exposed to greater opportunities than ever for expansion and diversification across sectors, attributing it to growing market size.

However, they are faced with absence of adequate and timely banking finance, limited capital and knowledge, non-availability of suitable technology, low production capacity, ineffective marketing strategies and lack of capacity to identify new markets.

They are also constrained by non-availability of highly skilled labour, bureaucratic delays and the complex maze of rules in following up with various government agencies to resolve problems.

By Dasmani Laary


Thứ Bảy, 23 tháng 1, 2016

Ghana: Cashew Sector To See Massive Growth

Tue Jan 19, 2016

According to him although the sector is a burgeoning industry that contributes to foreign exchange earnings, stems the tide to rural to urban migration through local level employment and transformation, it lacks the needed recognition by government.

He said apart from the absence of an administrative body, legally mandated to steer the affairs in the cashew value chain, there are challenges with cashew production capacity and accessibility to credit facilities to farmers, leading to a shortfall in the level of performance of the crop.

Mr Owusu said in spite of its enormous potential to generate wealth and employment for Ghanaians and foreign exchange for the nation, the current state of the cashew market shows that Ghanaians are not in control, as foreigners with the advantage of their home government subsidies are crowding out local traders and even processors.

He said the situation has created chaos in the cashew market-place, where local and foreign, small and large traders are all operating in a playing field that has no regulations as found in more structured markets such as Cote d’Ivoire.

Mr Osei Owusu therefore advised government and policy makers to take a queue from the success of the cocoa sector structure and organisation, for the realisation of the expected expansion, recognition and success of the cashew sector.

He was addressing participants at the opening of the first ever national cashew dialogue on the theme: “Revitalising the Cashew Sector: An Opportunity Neglected by the Nation,” in Accra.

The dialogue, which is being organised by the Cashew Industry Association of Ghana (CIAG), is part of a six-month advocacy programme mainly sponsored by the Business Sector Advocacy Challenge Fund, and aims at impressing upon policy makers, especially parliamentarians to intensify lobbying on the challenging issues in the cashew sector for improved performance and recognition. .

It brought together about 100 stakeholders within the cashew growing industry, to have discussions with key government organisations, including the Ministries of Trade and Industry, Finance, Food and Agriculture, as well as the Ghana Export Promotion Authority.

Dr Gideon Kofi Agbley, Acting Executive Secretary, CIAG, said the sector contribute between 400 and 500 million dollars revenue to help in the country’s current economic crisis, and with the potential prospect of cashew production locally, it was anticipated that the crop would increase from its current 50,000 to 200,000 metric tonnes annually with a processing capacity of about 90 per cent.

The sector currently has 14 processing factories in the country with a processing capacity of 60,000 MT while the country produces 50,000 MT of raw nuts.

He explained that with the support of BUSAC and African Cashew Alliance, the Association has begun series of activities as part of its advocacy campaign, hoping to bring the challenges within the sector before duty bearers and to chart a way forward.

Mr Kwaku Aidoo, President of the Ghana Cooperative Famers Association, called for the removal of the Export Premium in the sector, which he said is a disincentive and frustration to cashew farmers and the market because of its monopoly.

Source: GNA

India: Rio 2016 may Boost Indian Cashew Kernel Exports

Fri Jan 22, 2016

Indian domestic situation is still directionless for cashew kernel and local buyers have no other choice except following export market.

North Indian offer for a Premium W320 tin is around Rs6600+CST/25 lbs/Goa-Mangalore, but buying interest is limited to lower grades only.

- This year is Summer Olympics year and host country is Brazil.

- Rio Olympics means “Original Cashew Olympics” for the entire cashew sector but Brazilians are losing interest in the cashew industry.


Ghana: 10-year master-plan targets 150,000MT of cashew

January 20, 2016

A 10-year cashew sector master-plan aimed at increasing production from 50,000 metric tonnes to 150,000 metric tonnes per annum by 2025 is being discussed by government and private sector stakeholders.The plan’s aim to increase the utilisation of installed processing capacity of 65,000 metric tonnes from 5% to 75% by 2025 is being discussed.The sector currently has 14 processing factories within the country with a processing capacity of 60,000mt, while the country produces 50,000mt of raw nuts.The deficit, among other challenges, stakeholder say calls for an effective dialogue between the government of Ghana and agencies responsible for implementing policies that will help promote the sector.Worldwide demand for cashew is increasing at around 5% annually, and Fatima Alimohamed, the Agriculture Sector’s Vice Chairperson at the Association of Ghana Industries, says Ghana cannot afford not to take advantage of this opportunity.

Speaking at the first-ever National Cashew Dialogue in Accra, she said: “In short, Africa and more so Ghana needs to double its overall production to meet future needs of its population. Our focus needs to be on emerging crops other than Cocoa, and to help quench that thirst the country needs to get into the race immediately”.Organised by the Cashew Industry Association of Ghana under the theme ‘Revitalising the Cashew Sector: An opportunity neglected by the nation’, the forum discussed what needs to be done to get the sector on the right footing.The workshop was aimed at establishing a sector working group for the development, implementation and monitoring of national activities toward achieving a joint sector vision shared by public and private actors.The cashew sector is seen to be one of the most promising economic boosters for Ghana, as it is said to be capable of generating between US$400 and US$500million revenue for the country.Fatima Alimohamed lamented the lack of a dedicated budget for the cashew sector, even though it is critical for sustainable development and poverty reduction.In spite of the disproportionately lower share of investment in the sector from government, the sector still holds much promise and potential, she added.With enough investment and policies, the country can rival Brazil, India and Vietnam as a premier exporter of processed nuts, she said, calling for change as soon as possible.“It is vital that cashew producers have a voice in determining policies that affect their own lives on fundamental issues. They bring a wealth of knowledge, understanding of local context and diversity of ideas.”


Thứ Hai, 18 tháng 1, 2016

Côte d'Ivoire: 33,000 tons of cashew products in the region Hambol

Wed Jan 13, 2016

The region of Hambol produced 33,000 tons of cashews in 2015 and was ranked fourth producing region of Côte d'Ivoire, do we learned from the regional delegate of cotton cashew Council (CAC) Hambol, when Kone Acthoumou an interview Saturday in the AIP.

According to Mr. Koné Ivory Coast became the first producer of cashew to India. He stressed that during the 2015 campaign nearly 11 billion CFA francs were invested in Dabakala, nine billion Katiola and Niakaramadougou.

He also announced that buyers will be known after analyzing the cases filed for the issuance of accreditation that can afford to exercise. Forty buyers, 25 cooperatives and eight commercial companies are awaiting their approval.


Ghana: CIAG organises first national cashew discourse

Wed Jan 13, 2016

The Cashew Industry Association of Ghana is organizing the first ever National Cashew Dialogue under the theme; Revitalizing the Cashew Sector: An Opportunity Neglected by the Nation.

wpid-cashew-nuts.jpgThe cashew sector can be said to be one of the most promising economic booster for Ghana but given less attention. The sector poses not less than between 400 and 500million dollars revenue to aid in the country’s current economic crisis.

With the potential prospect of cashew production in the country, it is anticipated that the crop increases from its current 50,000 to 200,000 metric tonnes annually with a processing capacity of about 90%.

The sector currently has 14 processing factories within the country with a processing capacity of 60,000 MT while the country produces 50,000 MT of raw nuts. This among other factors contributes to the need for an effective dialogue between the government of Ghana and agencies responsible for the implementation of policies that will help promote the sector.

The dialogue is expected to bring together about a Hundred (100) stakeholders within the cashew sector to have a discussion with key government organizations; The ministries of Trade and Industry, Finance and Economic Planning and The Ministry of Food and Agriculture and The Ghana Export Promotion council. It is also anticipated that the meeting will extract some commitment from these policy makers towards the development of the cashew sector.

With the support of BUSAC and African Cashew Alliance, the association has begun series of activities as part of its advocacy campaign, hoping to bring the challenges within the cashew sector before duty bearers and to chart a way forward.

The dialogue, which is a part of a six (6) months advocacy program, mainly sponsored by the Business Sector Advocacy Challenge (BUSAC) Fund will be held at the Accra International Conference Centre on the 19th of January 2016 at 9: am.

CIAG is a non-governmental organization established in August 2012 and registered in September 2013 with the Registrar General’s Department of Accra, Ghana. The association is an umbrella body of players within the cashew supply chain with the aim of organizing the entire industry in Ghana into major groupings Producers, Processors, Traders, and Service providers.

CIAG collaborates with farmers, processors and research agencies such as the Cocoa Research Institute of Ghana (CRIG) and the Wenchi Agric Research Centre as well as international agencies such as the African Cashew initiative (ACi) and African cashew Alliance (ACA). Aims and objectives of the CIAG include:

• Promoting the interests of cashew sector in Ghana.

• Ensuring the production of high quality cashew nuts by establishing and enforcing appropriate standards.
• Promoting value-added processing of cashew nuts for both internal and external markets.

• To play an advocacy role and lobby for policy and regulatory reforms that promotes the cashew industry in Ghana
• Supporting and fostering research beneficial to the industry.

• To get its members to cooperate in the marketing of their products both locally and overseas
• Educating actors in the industry.


Ivory Coast: cashew, from planting to plant

Wed Jan 13, 2016

Become the largest producer of cashew nuts, Ivory Coast now faces the challenge of transformation. Several projects are in the pipeline.

The Ivory Coast has just under five years to establish itself as the largest producer of cashew nuts, ahead of India. Faced with climate problems, the Asian countries, historic leader of cashew nuts, produced only 600,000 tons this year, when Ivory Coast almost doubled its volumes and reached for the first time the 800 000 t.

This performance is the result of a reform launched in 2013 and managed by the Council of cotton and cashew (CCA), led by Malamine Sanogo. This revision of the framework was primarily designed to meet the wishes set forth by President Ouattara to optimize production - and quality - to ensure remunerative prices to producers. Improving governance in the sector has also enabled improved traceability of financial flows. According to the Ministry of Agriculture, the turnover of all of the cashew sector has increased from 200 billion CFA francs in 2013-337,000,000,000 CFA francs in 2015 (514 million euros), an increase 68.5%.

It remains to address the challenge of industrialization. Only 7% of the Ivorian production is now processed locally, while India and Vietnam, the third largest producer, transform their entire harvest. "In order to increase local processing, beyond our field projects, we launched the first international exhibition to promote the equipment and cashew upgrading technologies," says Malamine Sanogo.

Government projects

To achieve a transformation rate of 35% in 2016, the government launched three major projects, all driven by the CCA. The first is the creation of an experimental unit processing 5000 t in Yamoussoukro, in partnership with the Vietnamese company Viet Mold Machine. The Institute National Polytechnique Felix Houphouet-Boigny (INPHB) in Yamoussoukro and the University of Ho Chi Minh City should provide assistance.

The second project involves the creation of a bioplastics plant (made from cashew apple juice), whose production could reach 420 000 t per year. Feasibility studies are expected to start next year. On this project, the CCA can rely on the expertise of its partners, always INPHB but also the National Institute of Scientific Research of Canada. The latest initiative, conducted with the Israelis the agro-industrial group Mitrelli, includes the construction of twelve processing plants with a capacity of between 5000 and 15 000 tons per year.

"Our goal is not to us sub-stituer the private sector, but to bring the culture of transformation and upgrading to Ivorians," says Malamine Sanogo. Private producers will also not expect any government, as demonstrated by the numerous industrial projects developed by the Singapore company Olam and Cajou Ivoire, the Ivorian businessman Vassiriki Konate.


Thứ Sáu, 15 tháng 1, 2016

Funding Opportunities: INC Research Grant

December 16, 2015

We are glad to announce that the INC International Nut and Dried Fruit Council just launched its annual Research Grant and is inviting researchers to submit proposals.
The aim of this grant is to promote clinic, epidemiological, basic and strategic research that may contribute to enhance the understanding of the health effects of nuts and dried fruits. This call is open for public and private institutions, as well as not-for-profit organizations, and encourages cooperative research. INC has a specific wish for cooperative projects that bridge different research areas, as the interaction of disciplines and research groups often leads to new knowledge and understanding of correlations.
Applications due by: 29 February 2016.
All projects must be submitted using the Application Form.
200,000 EUR is available for the 2016 Research Grant. It will be standard practice to grant co-funded projects (up to 50 percent of the total cost of the project). Subsidizers may include public or private sector research organisations, as well as business and other partner organizations whenever these bring distinctive contributions to the research project. Salaries paid by the institution of origin are not considered co-funding.
Exceptionally, the INC will finance all the expenses of a non co-funded project whenever the total expenditure does not exceed 50,000 EUR.
2016 Research Priorities:
  1. Nuts and/or dried fruits and cognitive function.
  2. Nuts and/or dried fruits and body weight and adipose tissue distribution.
  3. Combination of nuts and dried fruits and blood pressure, clotting factors and inflammatory markers.
  4. Combination of nuts and dried fruits and glycemic load and/or diabetes.
  5. Nuts and/or dried fruits in exercise performance.
  6. Nuts and/or dried fruits and intestinal microbiota.
  7. Nuts and/or dried fruits and metabolomics.
  8. Nuts and/or dried fruits as part of a healthy diet.
  9. Intervention trials on relevant clinical end points.
  10. Meta-analysis of clinical trials.
For further information, please contact Ms. Irene Gironès, Scientific and Technical Projects Manager,