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Thứ Hai, 30 tháng 5, 2016

Gambia-Senegal Border Reopens


May 27, 2016


The Senegalese transport union on 24 May 2016 announced through the Senegalese media the reopening of the Gambia-Senegal border, which was closed since 15 February 2016. The closure took place when The Gambia increased its tariff on ferry crossing from 4000 CFA (equivalent to D300) to 400,000 CFA (equivalent to D28,000). In reaction, Senegalese commercial trucks and other vehicles, through the recommendations of their transport union, decided to boycott the Gambian routes and started using their eastern Senegal routes.

During the three-month standoff, the population of the two countries including neighbouring countries suffered a lot, which resulted in gross revenue losses between the two countries.

On May 15 this year, the authorities of Senegal and The Gambia met in Dakar to iron out their differences, and did agree on a 38-point proposal to foster relations between the two countries.

Alhagie Mansour Ndire, the spokesperson of the transport union, told the press: "We respect the decision of our government by agreeing to reopen the border. We complained to the Senegalese authorities about the high increment of tariff on ferry crossing, which has now been resolved and returned to the previous price of D300." He added: "Whenever we encounter the problem again, we will report to our authorities and they will take action."

It should be noted that since March this year The Gambia had reduced the fee of the ferry crossing, and took it back to the previous 4,000 CFA (equivalent to D300), as well as reopened its border, but Senegal continued to maintain the border closure. In a related development, equipment and building materials arrived at Banjul ports on Monday, for the construction of the Trans-Gambia bridge, and work will now commence in earnest, official sources said.

Foundation laying for the construction of the bridge started about two years ago. The bridge, which is 942 in length with a concrete navigation area of 70 meters wide and 15.5 meters high, is being financed by the African Development Bank (ADB) to the tune of D4 billion.


Source:http://allafrica.com/stories/201605261207.html

India: The CEPCI categorically accepted that the duty was imposed as recommend by CEPCI when the Prime Minister of India visited Quilon

29 May 2016



Today the extra ordinary general body meeting was held and we could reach a very great success in the whole meeting. The CEPCI categorically accepted that the duty was imposed as recommend by CEPCI when the Prime Minister of India visited Quilon and they have represented to him to make control on the imports and hence the duty was imposed.


There were very much heated arguments and most of the members presented there demanded the resignation of the chairman and the nine administrative committee members who favoured the duty but an EGM cannot impose resignation of the chairman unless the EGM was specific and finally dropped that move.

A resolution is taken to recommend to the Government of India to roll back the import duty. CEPCI formed a sub committee headed by Sri. Walter D'suza as convenor and all the past and present chairmen and vice chairmen as members and me, Vasantha Kumar also as a member to take up the matter with the Government of India to do our utmost to roll back the duty urgently.


Hence the first step in the right direction could be taken in the EGM. We will definitely review the progress and if needed we will call for another EGM with specific agenda of roll back of duty as well as resignation of the committee members if things are not moving in the right way. Another resolution got accepted was to maintain status-co regarding the minimum requirements of quantity to become a regular CEPCI member. Recently it was increased to 45 MTs from 1MT. Thirdly it is agreed that all legal steps taken against me as means of defamation case will be stopped henceforth. Therefore, the decision to call for an EGM was a good idea and got win. 

I place on records my sincere appreciation and gratitude to all the members of the cashew fraternity the great help rendered to us by giving request for EGM as well as proxy of authorisation 

Also we assure that we will not take rest until the duty is rolled back.

The Kerala Cashew Processors and Exporters Association is very much happy the way the KCMA members have presented the matter. Special reference is required for Mr Waltergi and Mr Prakash for their diplomatic way of handling things. 


I sincerely thanks the whole Mangalore team for their support.

This is the right lesson we taught the CEPCI office bearers that CEPCI is meant for promotion of cashew and not de promotion of cashews and also the public will question if things are not genuine.

Once again thanks to everybody.


Source: Vasantha kumar(Raju) / Whatsapps

SAMSON'S CASHEW MARKET REPORT May 29, 2016


29 MAY 2016

The Cashew Market has been at a cross-road for most of May, waiting to see which signal turns green - right or left !!

In a market that has been very quiet, offers (and some trades) in Week 20 and 21 have been in the range of W240 from US$ 4.25 to 4.45 / W320 from US$ 3.95 to 4.15 / W450 from US$ 3.85 to 3.95 / Splits from US$ 3.25 to 3.40 / Pieces from US$ 3.00 to 3.15 FOB for shipments upto Sep/Oct..  No business reported for later positions but as usual, offers for far forwards are few cents higher than current range.

Let us have a look at what has happened so far in 2016 :

- Jan & Feb were quiet.  Supply situation was comfortable.  Buyers were able to buy required volume without difficulty.  Although sheller margins were under pressure since mid 2015 because 2015 RCN prices were higher than 2014, they were not able to increase kernel prices due to comfortable situation. They were just able to make both ends meet by selling for nearbys at prevailing prices.  Prospects for 2016 crop were looking okay and there was no reason for buyers to consider covering forwards at the higher levels that are usually asked by large processors for later positions.

- On Feb 29, Government of India announced an Import Duty of approx 10% on import of RCN. There are some schemes for refund, exemption etc but overall this makes life difficult for Indian processor and adds to cost of doing business.  It was expected that this would lead to softening of RCN prices. On the contrary, RCN prices started moving up from middle of March !!!

- Immediate cause for increase in RCN prices was that arrivals were slower and later than expected raising concern about the size of the crop.  Reports of lower out-turn at the beginning of the season in most areas added to the fears and induced continuous buying at increasing prices.

- Late arrival of RCN meant reduced processing in Feb & Mar resulting in tightness of kernel availability + delays in kernel shipments to USA & Europe. Buyers were forced to pay higher prices to secure supplies to meet delivery commitments for 2nd quarter.  Added to this was the apprehension of lower kernel availability through 2016 due to short crop + lower out-turn.  This fuelled spiral of one price increase leading to another.

- Between mid-March to early-May, W320 moved up from range of 3.55-3.75 to 4.05-4.20. Most of the business during this price rise was for nearbys but some “ caution “ buying was done for later positions also.

- During May, market is taking a breather.  Prices for RCN as well as kernels have come down a bit - not much.  Waiting for trigger to be pulled to make a move.

Now, a look at what we can expect in the coming weeks :

- It appears that although the crop is adversely affected, the impact may not be as bad as feared.  In most regions, volumes may be same as last year while some regions may see reduction of 10 to 20%.  Although there are reports of some higher out-turn stocks showing up in some regions, average out-turn is definitely going to be lower. We are seeing a trend of reducing yields in many origins since last 3-4 years and this needs to be watched in coming years

- RCN prices have come down from the peaks of April 2016 but are still high compared to 2015 average and much higher than 2014 average. So, it would not be realistic to expect any significant decline in kernel price although we might see a dip from current levels when supplies pick up in 3rd quarter. Dip cannot be large because the high price paid for RCN will not allow shellers to sell at much lower levels.

- At the same time, we don’t  see much chance of any big jump in prices.  There is an unspoken fear that if the prices go up too much, it would seriously impact demand leaving the hot potato in the hands of the most vulnerable parts of the chain (shellers and RCN traders / growers).

-  As RCN arrivals into India & Vietnam are picking up from May, shellers will need to keep selling on a regular basis.  Similarly, there will be a need for continuous buying as many of the buyers do not have any significant cover for Sep/Oct forwards. Also, Aug-Nov/Dec is the peak consumption period in most markets  (especially the biggest consumer - India - which is a “spot” market)

- Like many other commodities - and specially tree-nuts - we feel that we will see cashews moving up to a higher than historical price range.  After having moved in a 3.00 to 3.50 range for a long time, the new “ normal “ could probably be 3.75 to 4.25 with “ comfort “ zone around 4.00 dollars.

- The next 6-8 weeks will give us a fairly clear picture of availability for the next 6 to 9 months and the average in-shell cost.  What happens with kernel prices in Aug/Sep will have an important bearing on off-take for last quarter of 2016 and first half of 2017.

Pankaj N. Sampat | SAMSONS TRADERS

Thứ Bảy, 28 tháng 5, 2016

India: Bad weather cuts Ponda cashew produce by half

May 28, 2016




Ponda: With cashew production across the Ponda taluka slumping by almost half this season as compared to last year, agricultural authorities suspect that the rise in temperature during the winter affected cashew blossoms, and consequently, production of the fruit.The Goa Bagayatdar Sahakari Kharedi Vikri society, the largest purchaser of raw cashew in the state, has admitted that it has received just 50% of stock this season as compared to the last.

"A sharp decline in cashew crop has been witnessed across the state and we have received just about 1,000 tonnes of raw cashew from our 17 centres this season as compared to the 2,000 tonnes last year," said South Goa MP Narendra Sawaikar, who is also chairman of the Bagayatdar society.Bagayatdar purchases raw cashew from twelve of its branches located at Pernem, Mapusa, Assonora, Bicholim, Sakhali, Valpoi, Marcel, Mardol, Ponda, Shiroda, Curchorem and Canacona. It also have five temporary outlets at Balli, Rivona, Netravali, Dharbandora and Guleli for the convenience of farmers.

While the society's actual cashew procurement rate this year was 115 per kg, it was subsequently increased to as much as 140 per kg due to lower production."Bagayatdar sells the stock to cashew factories in Goa and in neighbouring states," Sawaikar explained.Endorsing Sawaikar's statement, Ponda zonal agricultural officer (ZAO) Nagesh Komarpant said higher than usual temperature during the last winter directly affected flowering cashew trees. "Cashew production needs at least three months of cold, but this year the climate was far from conducive," he added.Stating the current cashew production figure was "very disappointing", the Goa state agriculture produce marketing board, which records local agricultural produce, claimed that production was just about 2,000 tonnes state-wide. "Last year, the Ponda taluka itself had produced over 3,000 tonnes of cashew," board official Sushant Vaidya, said.

Source: http://timesofindia.indiatimes.com

IVORY COAST: THE BILLIONS MISSING CASHEW / ECONOMY: THE OFFICIAL PRODUCTION OF CASHEW THREATENED (WORLD & AFP)

May 25, 2016
Ivory Coast: the billions missing cashew / Economy: the official production of cashew threatened (WORLD & amp; AFP)
Malfunctions in series in Abidjan and heavy suspicion of embezzlement between January 2014 and November 2015. A confidential audit of consulting firm Deloitte overwhelms the Ivorian cashew sector, the shell that houses the cashews, the Ivory Coast is the world's largest exporter with 625,000 tonnes in 2015, which reported that year, 337 billion CFA francs (514 million euros).
The 33-page report, including the World Africa has read, was asked by the High Authority for Good Governance (HABG). This organ of struggle against corruption, created in 2013 was alerted by reports of the collective Cotton Council staff and cashew (CCA), structure bringing together representatives of the state and the sector responsible for overseeing production, processing and marketing.
Probable embezzlement
The audit is concerned first of favoritism practiced by the CCA in respect of 22 suppliers whose services rise, "based on the revised bill" to 3.3 billion CFA francs ( more than 5 million euros). Now these companies were selected without competitive bidding and in dubious circumstances. "Of the 22 suppliers surveyed in the year 2014, we got only six contracts," it said in the audit of Deloitte, which also accounts for 236 cash transactions with suppliers for € 826 million CFA francs.
The CSF, established in 2013 at the request of the head of state, Alassane Ouattara, is supposed to guarantee the development of these important sectors for the Ivorian economy, and protect the interests of stakeholders (producers and exporters, among others). However, the management of this structure, under the supervision of the Ministry of Agriculture, reveals probable embezzlement.
Starting with the use of a loan, in the amount of 1.9 billion CFA francs, granted by the Coffee and Cocoa Council on 3 June 2014. However, only 2% of this amount correspond to "comply disbursements with ". The remaining 1.66 billion CFA francs was spent by CCA surprisingly. According to the audit by Deloitte, no less than 800 million CFA francs were transferred to the accounts of the CSF financial vehicles appearances and 351 million CFA francs were withdrawn in cash.Moreover, of the 400 million CFA francs used to resolve these 22 suppliers, 355 million landed on the accounts of a mysterious business, Mamys Multimedia, which does not appear on the registry of the Ivorian trade.
Other suspected irregularities 543 million CFA francs have evaporated in cash withdrawals or through "checks made payable to certain employees (...) for which the supporting documents have not been transmitted to us by the CCA" note the auditors. It all comes twice dishonored checks amounting to 128 million CFA francs, and operations of deposits and withdrawals on the accounts opened in the International Bank for Trade and Industry of Côte d'Ivoire (BICICI, BNP group) in early 2015 that "have not been previously authorized 'by the competent authorities, namely the Ministry of agriculture.
"This loan were clear constraints and objectives to develop the cotton and cashew sectors but, clearly, the money was not used to it says, stunned, a senior Ivorian official on condition of anonymity. Now it is necessary that competent authorities conduct thorough investigations and go to the end because if the facts are proven, it is corruption and an offense to the economic development of Cote d'Ivoire. "Contacted, the Minister of Agriculture, Sangafowa Coulibaly, prefers not to comment," I'm not officially seized of this issue and I have not read the report in question, "he justifies. CCA, headed by Malamine Sanogo, a relative of the minister, the silence is required.
"Criminal behavior"
Within the High Authority for Good Governance, body headed by former Prime Minister Seydou Diarra, a respected and influential figure, several sources report the preparation of a dossier which will be submitted to the Board, the decision unit in order to trigger investigations, with the support of international institutions."For now, we only have dysfunctional suspicion that allow us to begin work, said cautiously one of its members. The objective of this audit is not to reveal cases of corruption, but to make an inventory and I can tell you that the evidence we have allow us to investigate. "
A Board of the bank statement of Cotton and Cashew (CCA), consulted by Le Monde Africa, reveals other anomalies. On this account statement to the Sahel-Saharan Bank for Investment and Trade (BSIC CI) are suspicious movements, including cash withdrawals by the accountant and the Chief Financial Officer of the CCA, Cyrus Bahi and Romain Hervé Tezai, amounting to 275 million CFA francs. This account had a credit balance of 3.4 billion CFA francs in June 2015, which tumbles over months. In April 2016, the account is not credited with only 123 million CFA francs. What cause the ire of exporters. "Everything suggests that these withdrawals were made ​​in cash, which is not normal for this type of account, to allow personal enrichment, indignant one of them, which requires also the 'anonymity. The sector, whose future is promising, already three million people live in Ivory Coast. Some individuals threaten with criminal behavior of corruption and embezzlement. "( Joan Tilouine / http://www.lemonde.fr/afrique/article )
Economy / Côte d'Ivoire: official production threatened cashews 
cashew harvest in Abidjan in 2013.The world's cashew producer (or cashew), Côte d'Ivoire has seen its exports drop due to the leakage of part of its production to neighboring countries.
In 2016, the country achieved a harvest of 725,000 tonnes early in the season, ahead of India while world production is 2.9 million tonnes. However, "at this stage, 200,000 tons of nuts were exported against 330,000 tons (...) in 2015 to the same period, a decrease of 40%," lamented Malamine Sanogo, director of cotton cashew Council (CCA), which manages the sector. He said the drop in exports reached 60% to India, which is both a major producer, processor and consumer of nuts used in cooking and cosmetics.
"Export taxes are very high in Ivory Coast, the producer close to borders do not hesitate to sell their crops in Ghana, Mali and Burkina Faso," said Adama Fousséni, an exporter. The purchase price to the farmers set in 2016 to 350 CFA francs (0.53 euro) per kilo is "low" compared to neighboring countries, added another farmer to explain the flight of production. "There is a production delay due to the weather phenomenon + el Nino + but not enough to threaten the production," said his side Augustin Planty, CEO of Ocean, an exporting company, considering the price charged "acceptable" . Officials have downplayed the extent of the fraud, calling especially the peasants to "improve quality to be more competitive on the international market."
Faced with these difficulties, the Ivory Coast has decided to subsidize the industry to try to get the local processing rate of 5% to 30% or even 40% in some years."Cote d'Ivoire is the country that offers the most opportunities in terms of economic efficiency, says Sanogo, who stresses that" India processing capacity exceeds its production. "In 2015, the industry had achieved a record production of 702,000 tonnes against more than 564 780 tonnes in 2014, the result of a reform guaranteeing a purchase price cashew farmers. the country works similarly in the field of cocoa which is also the largest producer .
The sector has 250,000 producers grouped in twenty cooperatives and employs 1.5 million people directly or indirectly. The shell of the raw nuts contains a liquid used as fluid for aircraft braking systems. The cashew apple, it is used to produce wine, liquor, syrup, jam and juice. The raw cashew nuts are exported to India, Vietnam and Brazil, which have processing industries, while the main consumers are India (200,000 t), the US (150,000 t), the European Union (110,000 t), China (50,000 t), the United Arab Emirates (15,000 tons) and Australia (15,000 t).
Source: AFP / http://www.20minutes.fr

Thứ Tư, 25 tháng 5, 2016

Vietnam to import 870,000 tons of cashew nuts in 2016 as domestic supply falls short

 May 25, 2016

The world’s largest cashew exporter plans to imports 870,000 tons of cashew worth $1.1 million to provide materials for its processing industry.

Nguyen Duc Thanh, chairman of the Vietnam Cashew Association, said at a meeting on May 23: “Vietnam is the leading cashew exporter as well as importer in the world. However, our cashew industry is not strong.”
The chairman added that domestic cashew suppliers are only able to provide 50 percent of the raw materials processing factories need while the rest has to be supplemented with imported nuts from Cambodia and African countries.
This year, the price of cashew imports from Africa has gone up by 16 percent against last year. One trader said that some Vietnamese enterprises have offered higher prices to buy up more material, causing price hikes in the African market.
In addition, cut-throat competition from enterprises in China, India and the Ivory Coast has made it difficult for Vietnamese firms to buy cashew from Africa.
Vu Thai Son, chairman of Long Son Joint Stock Company, Vietnam’s largest cashew processor, said: “Countries that export cashew have offered a minimum selling price, so Vietnam, the largest importer in the world, should discuss and offer maximum purchasing prices. Only when our enterprises unite will Vietnam’ cashew industry achieve sustainable development.”
Since 2015, the import price of raw cashew has surged from $100 to $150 per ton, causing many Vietnamese traders who had previously fixed prices in their export contracts to suffer losses.

By Hong Nhung
Source: http://e.vnexpress.net/news/business/markets/vietnam-to-import-870-000-tons-of-cashew-nuts-in-2016-as-domestic-supply-falls-short-3409013.html

Vietnam: Five-month cashew nut exports exceed US$1 billion

25 May 2016



According to Mr. Nguyen Duc Thanh, chairman of the Vietnam Cashew Association, in the first five months of this year, cashew industry exported more than 118,000 tons of cashew nuts, bringing in about US$1.1 billion, exceeding export plan in both volume and value.

The US was the biggest cashew importer of Vietnam. The association said that this year’s plan to process and export 350,000 tons of cashew nuts was feasible and might bring in $2.5 billion.

The two current main issues of cashew industry are the chaotic competition in exporting cashew to African countries, especially to Ivory Coast, and food safety when processing cashew nuts.

The current price of raw cashew is fairly high, above VND30,000 per kilogram, due to prolonged drought in countries with large area of cashew trees, including Brazil. However, local farmers’ income is not as high as expected because of low productivity. According to the association, production of raw cashew has fallen by 20 percent compared to the same period last year.


Source: http://en.baomoi.com/Info/Fivemonth-cashew-nut-exports-exceed-US1-billion/5/616149.epi

VN’s cashew industry booming

May, 25/2016


Workers in Nhật Huy Joint Stock Company in the southern province of Bình Dương process cashews for export. — VNA/VNS Photo Đình Huệ

HCM CITY - Việt Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Việt Nam Cashew Association.
Việt Nam has been the world’s largest cashew nut exporter for many years, with exports reaching US$2.5 billion last year.
This year the US has surpassed China to become the largest buyer of Vietnamese cashew as exports topped $1 billion in the first five months, Nguyễn Đức Thanh, Vinacas chairman, told a seminar in HCM City on Monday organised by Vinacas and Thanh Niên newspaper.
Đặng Hoàng Giang, Vinacas deputy chairman and general secretary, said Việt Nam accounted for more than 50 per cent of the cashews reaching the US market, exporting over 28,500 tonnes worth more than $220 million in the first four months, up 8.8 per cent in volume and 18.6 per cent in value year-on-year.
To further promote exports to the US, Vinacas will send a business delegation at the end of this month to attend the World Nut and Dried Fruit Congress in San Diego.
There are virtually no obstacles in exporting to the US and currently zero tariffs, Giang said.
Thus while the Trans Pacific Partnership would have no bearing on the rate, We think [it] will bring more intangible value for the Việt Nam cashew industry in terms of brand and value ... In particular, US consumers and businesses will know more about Vietnamese cashew nuts.”
Thanh said with import markets increasingly paying attention to hygiene and food safety, Vietnamese exporters should focus on quality.
Vũ Thái Sơn, general director of Long Sơn Joint Stock Company, said an increase in cashew output in Việt Nam and Cambodia coupled with strong improvement in processing machines and a diligent workforce would enable the industry to develop in the next two to three years.
But profit margins would fall due to fierce competition, he said.
Sơn and many others agreed that the biggest challenge for the industry is its dependence on raw cashew imports. According to Vinacas, Việt Nam also ranks first in raw cashew import.
The country imports 500,000- 700,000 tonnes of raw cashew annually, mostly from Africa.
Sơn said with the price of raw cashew rising sharply since last year, many sellers in Africa reneged on their contracts, demanded prices should be increased by $100-150 per tonne or delivered poor quality cashew, causing difficulties for Vietnamese businesses, who are in turn competing with each other and offering higher and higher prices.
Delegates suggested that businesses should report African defaulters to the association to boycott them.
Vietnamese businesses should co-operate to avoid problems with imports, they added. - VNS 
Source: http://vietnamnews.vn/economy/297223/vns-cashew-industry-booming.html

IVC: Smugglers Move Cashews In Ivory Coast, Now No. 1 Exporter

21 May 2016



Ivory Coast, now the world’s top cocoa and cashew nut producer, has the potential to produce 1 million tonnes of cashews a year but rising prices, new taxes and huge demand in the booming agricultural industry have given rise to a black market.

The West African country overtook  India in 2015 to become the world’s top cashew producer, and is expected to reach its forecast of 725,000 tonnes this year, Reuters reported.

President Alassane Ouattara has his eyes on a bigger prize — to have 100 percent of cashews processed inside the country by 2020, which would mean more jobs and money flowing into the economy, according to BBC.

Local cashew producers in Ivory Coast receive tax incentives to add value to nut production inside the country.

But exports have slumped as high taxes and the lure of greater profits push farmers to sell their output in neighboring countries through smugglers, AFP reported, according to TimesofIndia.

New taxes on exporters amount to 45 CFA francs (about 8 cents US) per kilogram, Reuters reported. Some traders circumvent the new taxes by shipping Ivorian cashews into neighboring countries.

“The smuggling is continuing,” an Abidjan-based exporter told Reuters. “(The government) has been able to constrict the flow into Ghana, but now it’s going into Burkina Faso. They’re shipping out of Accra (Ghana) and Lome (Togo).”

The exporter said he expected to see around 40,000 tonnes of nuts illegally exported this season. The taxes don’t apply to companies with local processing facilities.

Local buyers in Northern Ivory Coast, heart of cashew-growing country, confirmed the trafficking.

“We are aware that there is contraband towards the border with Burkina Faso where some people are sending cashews on moto-tricycles,” said Korhogo-based buyer Abdoulaye Cisse as workers dried nuts in front of his warehouse.

“We are hearing that sellers over there are earning 100 CFA francs ($0.17 US) (per kilogram) more than here,” he added.

Ivory Coast’s government set a minimum of 350 CFA francs ($0.60 US) per kilogram for the 2016 marketing season, up from 275 CFA francs ($0.47) in 2015. But buyers said they are paying between 500 and 550 CFA ($0.86 to $0.94 US) francs per kilogram to secure stocks, Reuters reported.

“We’re under pressure from our (exporter) clients,” local buyer Meyeregue Soro said. “Unless you pay 500 CFA francs ($0.86) per kilogram, the farmers won’t even look at you.”

Thousands of farmers in the country’s north have abandoned cotton, the area’s traditional cash crop, in favor of cashews.

Ivory Coast has been encouraging more cashew processing at home to gain added value, with plans to increase subsidies to processors from 5 percent to 30 percent or even 40 percent in coming years, TimesofIndia reported.

The cashew industry employs 1.5 million people directly and indirectly in Ivory Coast.

Cashews have become a relative bargain among tree nuts such as pistachios and walnuts, Bloomberg reported. The global cashew market in 2014 was valued at $4.69 billion, compared with $7.33 billion for pistachios, $6.45 billion for walnuts, and $8.32 billion for almonds, according to the International Nut & Dried Fruit Council.

Almonds scored record prices over the past two years during the prolonged drought in top-producing California. The value of Ivory Coast’s cashew shipments rose almost 50 percent in 2015.

“Cashew nuts are now the cheapest tree nuts on the market,” said Pierre Ricau, an agriculture market analyst at the nonprofit N’Kalô Market Intelligence Services of Rongead, in a Bloomberg interview.

“The market has undergone huge change,” said Rita Weidinger, executive director at Ghana-based African Cashew Initiative. Donors and private companies work through the initiative to reduce poverty in Benin, Burkina Faso, Côte d’Ivoire, Ghana and Mozambique. “The production cannot keep up, meaning there is limited stock available.” Bloomberg reported:

Cashews aren’t native to Ivory Coast. Trees were imported in the 1960s to reforest the arid northern provinces to prevent the encroaching Sahara desert. They were mostly ignored as a commercial crop until the 1990s, when impoverished northern farmers sought alternatives to soil-damaging crops like cotton and yams. Cocoa is grown mostly in the south.

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.

“Cashews give hope to the north,” Malamine Sanogo, head of the industry regulator, the Cashew & Cotton Council, said in an interview from Abidjan. “Everybody recognizes that living conditions have improved.”

http://afkinsider.com/126093/growing-pains-smugglers-move-cashews-in-ivory-c[truncated by WhatsApp]

Ghana: Ministry of Trade moves to boost cashew production

2016-05-21



The Ministry of Trade and Industry says it is putting in place an inventory system for cashew processors and will collaborate with the private sector to roll out a programme to boost cashew production in the country. 

Mr. Kwesi Ofori Antwi, a Director at the Trade Department of the Ministry, said that the move is part of government’s initiatives to make the cashew industry viable in the country and other West Africa countries.

“The ministry has been engaging with some stakeholders from all sectors, based on a proposal we received from the cashew farmers association. We are setting up a board to regulate pricing and even drafting a cashew policy for the industry. We believe this will promote sanity and enhance productivity,” Mr. Antwi stated. 

“What the farmers were not happy with was the fluctuations in the pricing and we have engaged them on that. The minister was in the Brong Ahafo Region and we are in serious engagements. We have a market for this produce because the farmers produce 70,000 raw cashew nuts and the market demand is 68,000. So, there is market for it,” he stated.

http://mobile.ghanaweb.com/GhanaHomePage/business/Ministry-of-Trade-moves-to-boost-cashew-production-440656

IVC: Country becomes world's largest exporter of cashew nuts

24 May 2016



According to a report by BBC, Ivory Coast have overtaken India to make a statement in the cashew nut industry.

Ivory Coast, the world's biggest cocoa exporter has emerged the world's biggest exporter of cashew nuts.

According to a report by BBC, Ivory Coast have overtaken India to make a statement in the cashew nut industry.

It was further reported that President Alassane Ouattara is aiming higher than the feat and he's said to be working towards having 100% of the nuts processed inside the country by 2020.

The move, it was further reported, would mean more jobs and money flowing into the economy.

Source: http://pulse.ng/world/ivory-coast-country-becomes-worlds-largest-exporter-of-cashew-nuts-id5062442.html

Vietnam: Five-month cashew nut exports exceed US$1 billion

Wednesday, May 25, 2016, Posted at: 14:24(GMT+7)



According to Mr. Nguyen Duc Thanh, chairman of the Vietnam Cashew Association, in the first five months of this year, cashew industry exported more than 118,000 tons of cashew nuts, bringing in about US$1.1 billion, exceeding export plan in both volume and value.

The US was the biggest cashew importer of Vietnam. The association said that this year’s plan to process and export 350,000 tons of cashew nuts was feasible and might bring in $2.5 billion.

The two current main issues of cashew industry are the chaotic competition in exporting cashew to African countries, especially to Ivory Coast, and food safety when processing cashew nuts.

The current price of raw cashew is fairly high, above VND30,000 per kilogram, due to prolonged drought in countries with large area of cashew trees, including Brazil. However, local farmers’ income is not as high as expected because of low productivity. According to the association, production of raw cashew has fallen by 20 percent compared to the same period last year.

By Cong Phien – Translated by Thuy Doan

Source: SGGP English Edition 
http://www.saigon-gpdaily.com.vn/Business/2016/5/119001/

Thứ Ba, 24 tháng 5, 2016

India: Pre Ramadan Demand in Splits and Pieces

Tuesday, May 24th, 2016

W320 is trading around Rs7300+TAX/11.340 Kilo/Goa-Mangalore. But exporters buying rate for the same is Rs6800+TAX/without packing. Once again all grades of splits and pieces are in demand because of the approaching Ramadan month.

Price of rain damaged raw cashew is around Rs95 – 98/Kilo/Kerala. However, there are buyers around Rs108/kilo for white nuts.

Source: World Cashew Blog

Thứ Sáu, 20 tháng 5, 2016

Ghana: Gov’t rolls out programme to boost cashew production

Fri May 20, 2016



The Ministry of Trade and Industry says it is collaborating with the private sector to roll out a programme to boost cashew production in the country.

A director at the Trade Department of the Ministry, Kwesi Ofori Antwi, disclosed on 3FM’s Business Weekly programme that the move is part of government’s initiatives to make the cashew industry viable in Ghana and West Africa.

“The ministry has been engaging with some stakeholders,” Mr Ofori Antwi said, “from all sectors, based on a proposal we received from the cashew farmers association.”

He said the Ministry is putting in place an inventory system for cashew processors.

“We are setting up a board to regulate pricing and even drafting a cashew policy for the industry. We believe this will promote sanity and enhance productivity,” Mr. Antwi hinted.

He outlined some of the steps that have been taken to ensure the smooth run of the project.

“What the farmers were not happy with was the fluctuations in the pricing and we have engaged them on that.

“The minister was in the Brong Ahafo Region and we are in serious engagements. We have a market for this produce because the farmers produce 70,000 raw cashew nuts and the market demand is 68,000. So, there is market for it,” he emphasised.

The Trade Ministry earlier in the year issued a directive to ban the export of the cash crop, sparking a lot of outcry from farmers and other stakeholders.

Source: http://www.ghanaweb.com/

India: Price Falls Below Rs100/Kilo for Rain Damaged Raw Cashew

Fri May 20, 2016


 
Cashew harvest is continuing in Kerala and south interior Karnataka but the moisture content is said to be above 10%. Final out turn of such nuts is only 23%, which includes around 10% bluish and 10% dotted or semi waste grades.

On-port import price of dried Ivorian raw cashew is below Rs97/kilo/49 LBS/190 counts/ and below Rs104/kilo/50 LBS/185 counts in Cochin and Tuticorin ports.

Source: http://worldcashew.com/

IVC: Cashew target still in sight despite poor start

Thu May 19, 2016




Cashew output in Ivory Coast is down by about a quarter this season because of weather and quality-related issues, Malamine Sanogo, the general director of the Cotton and Cashew Council marketing board, said today.

However, Sanogo told Reuters he remained confident that the West African country, which surpassed India to become the world's top cashew producer last year, would reach its forecast of 725,000 tons this year.

"We recorded 429,819 tons as of May….

Read more: https://www.agra-net.com/agra/foodnews/dfn/nuts/cashews/cashew-target-still-in-sight-despite-poor-start-515616.htm

Source: https://www.agra-net.com

The transformation of cashew and the market information systems (MIS) in the heart of a workshop organized by the ACA


Wed May 18, 2016



The African Cashew Alliance (ACA) in partnership with the Centre for Trade and Investment USAID organize this morning a workshop on processing cashew and information systems the market.

This workshop aims according to the organizers to improve the competitiveness of the cashew sector, thereby strengthening the foundations for a sustainable economy industry in Africa. "The goal of this workshop is consistent with the vision of the ACA, which is to promote a competitive industry of the African cashew in the world market that benefits the entire chain of cashew values," said the Director General of the ACA Mr. Babafemi Oyewole.

Workshop-ACA-6


Addressing the transformers, the DG CAA stressed the importance of this workshop which will focus on "the necessary strategies and knowledge to manage a growing business and improve the competitiveness of local processing of cashew. "As professionals of market information system, the first head of the African Cashew Alliance indicated that the market data and the cashew industry are of great importance, because the ability to predict and interpret market trends is crucial for the sustainability of the long-term activity.

Representing the Director General of the Cotton Board and Cashew, Bassifou Mr. Ouattara, Director CCA welcomed the holding of this workshop in Abidjan whose themes echo the concerns raised by law especially in its transformation component. Finally, on behalf of the DG, he congratulated the team of the African Cashew Alliance for all coaching initiatives, training and consulting to the place of actors in the chain of cashew values Africa and elsewhere.

Workshop-ACA-2


Opened this morning, the workshop on processing cashew and information systems on the market that will end this Friday, May 20 brought together participants from Burkina Faso, Mali and Côte d'Ivoire.

Source: http://www.agrici.net/

Guinea expands land reserves for cashew farming

May 17, 2016



The Guinean government will soon begin reaping the benefits of exported cashew as it pursues plans to put 500 tonnes of cashew kernels at the disposal of local farmers growing the produce.Government sources said central to the plan is extending land reserves for the sector from 45, 000 to 200,000 hectares.
The production of cashew nuts will cover 17 prefectures, the sources said, adding that in a bid to boost the sector, the Guinean government has banned all exports of cashews “outside the Port of Conakry.”
The Guinean government intends to benefit from a foreign currency windfall through the export of the produce.
This arrangement will be applied to other agricultural produce including coffee and cocoa.
The Guinean authorities have set nearly CFA500 as the baseline price for a kilogram of cashew.

Thứ Ba, 17 tháng 5, 2016

Côte d'Ivoire: official production threatened cashews

Fri May 13, 2016




The world's cashew producer (or cashew), Côte d'Ivoire has seen its exports drop due to the leakage of part of its production to neighboring countries.

In 2016, the country achieved a harvest of 725,000 tons early in the season, ahead of India while world production is 2.9 million tons.

However, "at this stage, 200,000 tons of nuts were exported against 330,000 tons (...) in 2015 to the same period, a decrease of 40%," lamented Malamine Sanogo, director of cotton cashew Council (CCA), which manages the sector.

He said the drop in exports reached 60% to India, which is both a major producer, processor and consumer of nuts used in cooking and cosmetics.

"Export taxes are very high in Ivory Coast, the producer close to borders do not hesitate to sell their crops in Ghana, Mali and Burkina Faso," said Adama Fousséni, an exporter.

The purchase price to the farmers set in 2016 to 350 CFA francs (0.53 euro) per kilo is "low" compared to neighboring countries, added another farmer to explain the flight of production.

"There is a production delay due to the weather phenomenon + el Nino + but not enough to threaten the production," said his side Augustin Planty, CEO of Ocean, an exporting company, considering the price charged "acceptable" .

Officials have downplayed the extent of the fraud, calling especially the peasants to "improve quality to be more competitive on the international market."

Faced with these difficulties, the Ivory Coast has decided to subsidize the industry to try to get the local processing rate of 5% to 30% or even 40% in some years.

The raw cashew nuts are exported to India, Vietnam and Brazil, which have processing industries, while the main consumers are India (200,000 t), the US (150,000 t) and European Union (110,000 t).

Source: http://fr.africatime.com/

Côte d'Ivoire / Cashew: 26,000 tons purchased for local processing

Sat May 14, 2016




Halfway through the marketing year, 26,000 tons of cashew nuts (cashew nuts) against 24,000 tons last year from the same period were purchased for local processing despite a '' failed crop ' 'during the first phase of the campaign, announced on Friday in Abidjan President of the Council of cotton and cashew, Malamine Sanogo.

'' On May 10, 2016, local processors bought 26,000 tons against a little less than 24 000 tons at the same stage of the campaign in 2015, '' said Mr. Sanogo during an assessment meeting mid-term .

Côte d'Ivoire became in 2015 the largest producer of cashew nuts with 700 000 tons. Of this production, only 45 000 tons were processed locally, to believe in, the Director-General of the Council of cotton and cashew. '' Despite stiff competition from raw nut exporters, processors have increased their purchase of just under 10% from the 2015 campaign '', he welcomed stressing that '' additional incentives being finalized should help increase their capacity for action. ''

For the 2016 campaign, 1,192 buyers and 128 exporters were approved by the Board. The excitement generated by the results of the reform of the sector on the first two cashew implementation of campaigns resulted, according Malamine Sanogo, an increase of over 35% in the number of applications for approval of cashew nuts buyers over 26% in exporters.

At this stage, he added, '' about 450 000 tons of cashew nuts were purchased to the producers '', adding that '' regions of Béré (North West), Hambol (North), Gontougo ( North-East) and the Poro (far north) are in the lead with more than half of purchases'.

A little more than 200 000 tons of cashew nuts were exported at this stage of the campaign against 330,000 tons in the same period in 2015. '' Compared to the 2015 campaign, volumes of purchases and cashew exports are decreased by 19% and 40% respectively. Which at this stage of the campaign reflects a cashew maturity late, '' said Mr. Sanogo, attributing this to the '' climate hazards. ''

'' In recent weeks, it is observed increased activity that encourages optimism. The overall decline in exports is more significant to India with over 60% at the level of Vietnam where the volume is nearly constant (4% decrease), '' explained the Director General Cotton Council and cashew .

The average FOB price passes 554 in 2015 to 775 FCFA / kg of raw cashew nuts in 2016. From a minimum farm gate prices of 350 FCFA / kg of raw cashew well dried and well sorted, producer prices have advanced up to 650 FCFA in some locations, with almost double the national average of about 550 FCFA.

'' The situation of the international market almonds and cashews for optimism for the rest of the campaign, '' reassured Malamine Sanogo. Indeed, the price levels for the origin Ivory Coast are in the range of 1500-1600 USD per ton to a reference level of 1,150 USD in early season ton. The level of the dollar against the euro and thus the CFA franc remained consistently above 575 FCFA to a baseline of 570 at the beginning of the campaign.

Source: http://fr.africatime.com/