Cashew Kernel Price Today

Cashew Kernel Price Today, September 09, 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 Sáu, 30 tháng 9, 2016

Ghana: Tilapia, cashew draw Vietnamese investors


September 29, 2016




Vietnamese investors, currently on a one-week working visit to Ghana, are seeking to establish joint ventures with Ghanaian partners in the production of tilapia, cashew and rice. At a Ghana-Vietnam Business Forum held in Accra, on Tuesday, Dao Manh Duc, who is the second Head of Trade, Embassy of the Socialist Republic of Vietnam in Nigeria, said the team is looking for opportunities in production, processing, and marketing of the said products. The visit, facilitated by the Vietnamese Ministry of Agriculture and Rural Development and the Ghana-Vietnam Chamber of Commerce and Industry, was initiated for both parties to strengthen the existing trade relations. In 2015, Ghana imported about US$241million worth of goods from the South East Asian country. The major imported items included rice, garment products, iron and steel, fishing net, sea foods, tobacco, electronics, toothpaste, and computer and electronics.

About US$185million worth of rice; US$4.9million worth of computer and electronics; and US$2million worth of toothpaste were imported from the Island-nation into Ghana in 2015. Ghana, on the other hand, exported goods worth about US$137million to Vietnam in 2015. Major Ghanaian exports included raw cashew nut, timber and products from timber, sesame seeds, sea food, raw cotton, metal product, plastic, and other metals. This comprised US$117million worth of raw cashew; and US$20million worth of timber and products from timber were exported to Vietnam.

Elvis Afryie Ankrah,a Minister of State at the Presidency said: “Government policy, these days, is to encourage local production of rice and reduce importation so as to reduce our balance of trade. Government is also targeting value added investments that will create jobs and improve technology transfer with our trade partners. We in leadership will lend our total support.”

Vice President of the Ghana-Vietnam Chamber of Commerce, Mr. Michael Ntim-Addo said: “Ghana has been producing and consuming rice for ages. Most of the rice consumed is imported from all over the world, of course, including Vietnam.”

“On the average, Ghana imports about 400,000 metric tons of milled rice every year, according to trade statistics from the Ministry of Food and Agriculture. This translates into some US$300million of business. So there is huge market opportunity there for traders in rice.”

He noted that as a result of government’s policy of encouraging rice production in recent times, there has been an upsurge in local production of rice and reduced importation.

The reduced importation has also improved the country’s balance of trade and payments.

“At the moment, there are six large scale rice producers who may be consulted to discuss the prospects for joint ventures. Ghana has suitable arable land and labour for rice cultivation while Vietnam has the latest technologies for rice production.

We are sure that when these two gigantic factors of production put their weight together, they can attract the necessary financial muscles from the banking and insurance sectors to produce the best rice the world can buy,” Mr. Ntim-Addo said.

Source:http://www.ghanaweb.com

Thứ Tư, 28 tháng 9, 2016

Mozambique: 2.5 million cashew trees sprayed in Nampula province, Mozambique

27 September 2016

mhoje_cashewnuts_photo_jpg

The National Cashew Institute (INAJU), in the northern Mozambican province of Nampula, in the current campaign has sprayed 2.5 million cashew trees against mildew and other pests.
Speaking at a press conference in Nampula city, the INCAJU provincial delegate, Jaime Chissico, said that this was only 15 per cent of the 14 million trees in the province. Because of the lack of funds to buy more chemicals, it was not possible to spray all the cashew trees.
Given this situation, Chissico urged cashew producers to use other, cheaper forms of treatment, such as cleaning and pruning their trees by hand.
Chissico said that in this campaign Nampula expects to market about 45,000 tonnes of cashew nuts. Most of these nuts will be sold to the local cashew processing factories.
In the 2015-2016 campaign, Nampula, the largest cashew producing province in the country marketed 44,000 tonnes of nuts. So Chissico was expecting an increase of around three per cent in production this campaign.
There are now 13 cashew processing factories in Nampula, but only 11 of them are functioning.
Source: AIM

African cashew nuts flood market

DECCAN CHRONICLE. | S N V SUDHIR

In the last two years, cashew production has fallen to 25 per cent of total crop in state.



Visakhapatnam: Over the years Andhra Pradesh and the neighbouring states have developed a taste for African cashew nuts giving a tough competition to local cashew varieties.
The import of cashew from African countries has been steadily going up. From here, after processing and adding value, the African cashew is also going to countries like US and some others in Europe and South East Asia.  
In Andhra Pradesh, Palasa variety of Srika kulam and Vetapalem variety of Prakasam district cashews are famous for their rich taste.
Imports of African cashew nuts which started in 2007-08 at Vizag port was initially only 10,000 tonnes. This has gradually increased and in 2015-16, the imports at Vizag container terminal stood at close to 1 lakh tonne at Vizag port  with around 5054 TEUs (20-feet  equivalent units or containers).
This year already 2,000 containers of 20 tonne each had already been imported.   AP occupied sixth rank in terms of number of units and third rank in the processing of cashew nuts in India.  Cashew nuts from 36 African countries are being imported.
“Since two years, the cashew nut production in Andhra Pradesh has come down to just 25 per cent of the total cashew crop. Besides domestic consumption, we used to export the processed nuts to other countries. Now, we are importing the cashew nuts from African countries, processing them and exporting the cashew kernels to other countries and also to domestic market,” Palasa Cashew Manufacturers Association president Malla Srinivas Rao told this correspondent.
Andhra Pradesh has about 46,913 hectares of area under cashew cultivation with an annual production of 12,500 ton-nes of raw nuts. Srika-kulam, Visakhapatnam, East Godavari, West Godavari, Krishna, Guntur, Prakasam and Nell-ore are important cashew growing districts in the state.
There are around 650 cashew processing units in Andhra Pradesh and among them 500 are located in Srikakulam district and the remaining located in different districts of the state. Palasa and surrounding areas include 450 processing units. Each unit  processes 1-4 tonne a day in Srikaku-lam district, which is the major cashew processing centre in AP.
Mr Rao added that yield of some cashew nut varieties from Africa is more than 40 per cent against the 20 per cent of the local variety. The size and taste of African cashew from some countries are superior to that of the local variety.
Source: http://www.deccanchronicle.com/business/in-other-news/280916/african-cashew-nuts-floods-market.html

Zambia: ‘I’ll revamp Cashew Nut industry’


September 27, 2016



Western Province Minister Nathaniel Mubukwanu has pledged to work at revamping the Cashew Nut Industry in the region. Mr Mubukwanu says he will also work at addressing challenges in the Education and health sectors. He says government is in a hurry to complete all pending projects in order to guarantee service delivery to all ordinary Zambians. The Provincial Minister explained that he has prioritized the Ministries of health and education because of their critical nature.

He said he is concerned with the low pass rates in some schools as well as dilapidated health facilities in some health centres. ZANIS reports from Mongu that Mr. Mubukwanu said this in his introductory speech when he addressed government workers following his nomination to parliament and appointment as Provincial Minister.

Source:http://www.znbc.co.zm

Thứ Hai, 26 tháng 9, 2016

Nigeria: Expert says agricultural export, way out of recession

September 23, 2016



Mr Offon Udoffia, an export expert, on Friday, stressed the need for increased processing and storage of agricultural products for export as one of Nigeria’s way out of the current recession. Udoffia stated this in an interview with the News Agency of Nigeria (NAN) in Abuja as he suggested moves that could be taken to pull the economy out of slump. He said that an aggressive promotion of agricultural value chain would not only restore economic buoyancy but create job opportunities.

He added that “40 per cent of our harvests are wasted due to the lack of export value chain; we need to process more for export. “We must think of ways of preserving our agricultural products so as to avoid wastage.’’ Udoffia, who is the Chairman of Rivers/Bayelsa Shippers Association (RIBASA), said it was time for Nigeria to look inwards for economic innovations and actions for a virile economy.

He noted that the siting of cashew nuts and pawpaw processing companies for exports would not only create wealth, but employment opportunities for the teeming youths in the country. The expert, who is into cashew and palm oil exportation, said “if a 250 metric tonne of cashew nuts factory is established in Nigeria, more than 500 youths will get jobs. “If, however, we establish a 500 metric tonne of the cashew nuts factory, certainly over 1,000 youths will gain employment.’’ But he reiterated the need for renewed export value addition to agricultural products to avert wastage.

Sorce:http://www.nigeriatoday.ng

Nigeria: Heritage Bank CEO Charges Banks On Accessing Funds

September 26, 2016



The Managing Director and Chief Executive of Heritage Bank Limited, Ifie Sekibo has advised exporters in the non-oil sector of country to avail themselves of the various funds available to the export sector.  Speaking on the topic: “Providing Finance for Exports: Expectation & Experience,” at the 2016 Annual Conference organized by Finance Correspondents Association of Nigeria (FICAN), Sekibo stressed the need for exporters to master the steps to getting funding for export.

According to him, the first step is to know the difference between funds required for financing the business between the commencement of the manufacturing or procuring process and the dispatch of the goods, known as pre-shipment finance; and that of post-shipment finance, which are funds required for financing the exporter between the dispatch of goods and the receipt of payment.

The Heritage Bank chief executive identified major commodities that can boost foreign exchange earnings for the country, as the Federal Government intensifies efforts to boost non-oil export revenues.

Sekibo listed  some of the export potential products of the country as  cocoa, cashew, groundnut, fish, horns, sesame seed, ginger, cassava and snails among others. He also listed tobacco, coffee, cotton lint, rubber, among others.

He then urged farmers and exporters of agricultural produce to  seek more knowledge  in order to increase  the quality and quantity of their products because export business involves dealings with other world players.

Source:http://www.leadership.ng/

India: Special package sought for cashew sector

Mon Sep 26, 2016




In a major effort to revive the ailing cashew industry in Kerala, the Cashew export promotion council of India (Cepci) has made a plea to Prime Minister Narendra Modi and Union ministers of finance and industry to implement a special revival package with a five-point remedial plan to reverse the downward trend in cashew exports. It seeks to revive the once prosperous industry that provided employment to 10 lakh rural workers, mainly women.In the representation submitted to the PM, Cepci emphasised on allowing time for cashew factories to repay the loans taken from banks in instalments. The submission also seeks to provide special relaxations in non-performing asset rules to avoid classifying cashew industry loans as bad loans (NBA), restrain from moves to freeze or take over the collateral property or stocks, converting the eroded working capital loan into term loans repayable over a long term period and allowing fresh low interest loans for raw nut procurement, for automation and mechanisation of factories.

In a request submitted to the Union finance minister Arun Jaitely and minister of state for commerce and industry Nirmala Sitharaman, Cepci chairman P Sundaram has outlined specific issues pertaining to the cashew industry and sought their intervention in resolving them.

Cepci officials said that the five-point remedial measures suggested include roll back of import duty imposed on raw nuts with retrospective effort from March 1, restoration of export incentives to 5%, restructuring of standard input-output norms on prevailing value basis as quantity-based norms are not viable in case of agriculture products.

They said compliance checks and action be taken against a processor only if he fails to meet his export obligations within the allowed time period of 18 months. Finally, in case of exports made out of imported duty-paid raw nuts, the duty drawback should be made equal to the duty paid on inputs and the same rates should be made applicable for exports from domestic raw nuts.

The newly introduced import duty on the industry has hit the industry hard. As per the new provisions, duty-free import is possible only if kernels weighing 25% of the raw nuts imported and worth 15% more in value are exported within 18 months. The present outturn stands at a disheartening 12 to 18%.

"Apart from the import duty burden, the slashing of export incentives has also led to the drastic fall in exports," said Sundaram."While the present trade policy gives priority to industries, which are agriculture-based, labour-oriented, women-centric and exportoriented, the cashew industry which more than qualifies under all these categories, has been denied eligible benefits and subjected to a drastic cut in export incentives," he added.

Source: http://timesofindia.indiatimes.com

Thứ Bảy, 24 tháng 9, 2016

India: Premium W240 Hits Rs10000 & JumboHalf Rs9000 for Tin/11.340kilo


Wednesday, September 21st, 2016

Indian cashew industry is struggling in this festive season, because of the production slowdown, lower filling yield and unsuitable grades. Kernel market is now moving according to demand and supply as corporate and online sellers are facing shortage of supply during the peak demand.

Price of premium grade W240/tin is around Rs10000 where as W320 is available around Rs9200. Even Jumbo Half is moving above Rs9000 for white large splits. These rates are for 25 pounds and inclusive of VAT and local expenses in Goa-Mangalore.

Source: World Cashew Blog

India: Thiruvananthapuram hosts Agri & Food Processor Conclave, organised by ASSOCHAM

Sat Sep 24, 2016



The food processing sector is indispensable for the overall development of an economy as it provides a vital linkage and synergy between agriculture and industry. This was stated at the Agri & Food Processor Conclave, organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in Thiruvananthapuram.

In India, the food sector has emerged as a high-growth and high-profit sector due to its immense potential for value addition, particularly the food processing industry.

E M Najeeb, chairman,ASSOCHAM Council of Kerala Development,welcomed PSathasivam, governor of Kerala; K V Shaji, chairman, Kerala Gramin Bank; Raja Sethunath, chairman, Kerala Chamber of Commerce and Industry (KCCI),Om S Tyagi, senior director, ASSOCHAM, delegates, press and media.

Delivering the welcome address, he said that the food processing sector accounted for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.

Kerala’s perspective on the processed food market is currently estimated to be of Rs305 crore and the potential of processed food industry is estimated to be Rs 30,000 crore. The state is the major producer of spices contributing to 97 per cent of the country’s pepper production.It also accounts for 70 per cent of cocoa production, 25 per cent of the country’s coffee,16 per cent of cashew production and 35 per cent of cashewnut processing units.

Sethunathsaidagriculture was the mainstay of Kerala’s economy. “The state has a well-developed agricultural network and attempts are being made to automate the agro development process by the state government.”

“The state is one of the leading producers of spices like ginger, cardamom and pepper in the country and also produces a considerable proportion of the nation’s cashewnuts. The state also has a rich plantation culture and is home to various tea and coffee plantations,” he added.

“A considerable proportion of the plantation produce is traded. Due to such a large number of high-value agricultural crops being produced in the state, the state forms an important part in the commodity trade of the nation,” Sethunath said.

Shajisaid that besides the industrial policy, the state agriculture department had adopted a proactive approach towards developing and modernising agriculture in the state and had come out with an exhaustive policy document to shape the future of agriculture in the state.

He also mentioned some of the initiatives taken by the bank, whose main focusis to initiate appropriate intervention for overall economic upliftment of the people of Kerala by giving financial assistance to the sectors like agriculture, micro, small andmedium enterprises (MSME), education, housing, micro-credit, weaker sections, SC/ST communities etc.

Sathasivamsaid that agriculture was one of the major sectors of Kerala’s economysince it contributed around 50 percent of the gross income of the state.Over the past few years, there has been an increase of nearly a hundred thousand hectares in the total cropped area of the state. Several crops are cultivated in Kerala. Rice is the main food crop.

In recent times, government agencies, social organisations, political parties, women's organisations and farmers' self-help groups are all participating in what is becoming an organic farming revolution in the state.

Kerala's food processing industry serves two markets - the fast emerging domestic market and the steady-growing export market. The government's industrial policy seeks to convert Kerala into a favoured destination for agro processing.

The availability of raw materials, especially spices and sea food; the availability of skilled and trained manpower; the availability of high quality water and power; a very active local market; a vibrant retail chain; the successful track record of existing players and a very large expatriate community, ensuring a captive market abroad areKerala’s advantages.

Tyagi delivered the vote of thanks, speaking about Kerala’s rich agricultural economy. The state is the land of coconutpalms. The cultivation of pepper, which dates back centuries to link Kerala with many far-flung lands, maintains those links even today. Pepper from Kerala is exported to more than 60 countries. Cashew is another most cultivated crop and a big earner of foreign exchange. Interestingly, nearly 80 per cent of the cashew factories in India are located in Kerala and provide employment to more than 125,000 workers.

Other speakers who addressed the conference includedRanjan S Karippai, managing director, Kerala State Horticultural Products Development Corporation Limited (HORTICORP); Baiju Kurup, deputy general manager, National Bank for Agriculture and Rural Development (NABAR), Kerala; Nitin Gupta, head, strategic initiatives, Ozone Group; Hargovind  Sachdev, general manager (BS&RB), State Bank of Travancore; Geetha Philip, deputy director, agriculture, State Agricultural Management and Extension Training Institute (SAMETI) andK Divakaran, director, Vazhakulam Agro and Fruit Processing Company Limited.

Source: http://www.fnbnews.com/

India: Dip in cashew exports: CEPCI brings out remedial plan

September 23, 2016




THIRUVANANTHAPURAM: Faced with an alarming drop of 40 per cent in cashew exports, the Cashew Export Promotion Council of India (CEPCI) has submitted to the Central government a five-point remedial plan to reverse the downward trend and to help revive the cashew industry, which provides employment to 10 lakh workers.Addressing a news conference here on Thursday, CEPCI Chairman P Sundaran said the Council has made a representation to Union Minister for Finance Arun Jaitely and Minister of State for Commerce & Industry Nirmala Sitharaman, outlining specific issues pertaining to the cashew industry and sought their intervention in resolving them. CEPCI has also made an official request to the Prime Minister to allow a special economic package for the cashew sector. Cashew exports from India declined by 40 per cent as the export quantity dropped to 25,000 MT during April-August 2016 from 42,000 MT in the corresponding period last year.

The newly-introduced import duty on the industry has hit the industry hard. As per the new provisions, duty free import is possible only if kernels weighing 25 per cent of the raw nuts imported and worth 15 per cent more in value are exported within 18 months. The present out-turn stands at a disheartening 12 to 18 per cent.“Apart from the import duty burden, the slashing of export incentives has also led to the drastic fall in exports,” Sundaran said. “While the present Trade Policy gives priority to industries, which are agriculture-based, labour-oriented, women-centric and export-oriented, the cashew industry, which more than qualifies under all these categories, has been denied eligible benefits and is subjected to a drastic cut in export incentives,” he added.

Source:http://www.newindianexpress.com

Thứ Năm, 22 tháng 9, 2016

Tanzania: Farmers uproot cashew trees as market woes bite Farmers spread cashew nuts to dry under the

22 September 2016





Source: http://www.thecitizen.co.tz/magazine/businessweek/Farmers-uproot-cashew-trees-as-market-woes-bite/1843772-3391034-5xh5n6/index.html

India: Cashew body urges Centre to help arrest falling exports

Thiruvananthapuram, Sep 22 (IANS) 



The Cashew Export Promotion Council of India (CEPCI) on Thursday urged the central government to initiate immediate steps to arrest the slide in the fortunes of the cashew industry in particular and exports in general. "Unfavourable export policies have resulted in a fall of cashew exports from 41,955 tonnes in the first quarter of the last financial year to 30,319 tonnes during the same period in the current fiscal. In revenue terms, the export earnings slipped from Rs 2.1 crore to Rs 1.7 crore," CEPCI Chairman P. Sundaram told reporters here.

Set up in 1955 by the Government of India, CEPCI provides necessary institutional framework for performing different functions for promoting export of cashew kernels. What hit the industry worst was the newly-introduced import duty, Sundaram pointed out. "As per the new norms, duty-free imports is possible only if kernels weighing 25 per cent of the raw nuts is imported and kernels worth 15 per cent more in value is exported within 18 months."

The CEPCI has submitted certain remedial measures to Union Finance Minister Arun Jaitley and Minister of State for Commerce & Industry Nirmala Sitharaman. "The remedial measures include a special package for the cashew industry, similar to what was given to the textile sector in the past, and measures like rollback of the import duty imposed on raw nuts with retrospective effect from March 1, 2016, restoration of export incentives to five per cent, allowing unhindered processing to enable fulfilment of export contracts, etc.," said Chairman of the Federation of Indian Cashew Industry R.K. Bhoodes.

The overall picture of the cashew industry looks very grim, as out of the total production capacity of 20 lakh tonnes a year, the production of raw nuts in the country has now fallen to under 7 lakh tonnes, and the import of raw nuts is in the range of around 9 lakh tonnes. Kerala leads the rest of the country with 85 per cent of country's cashew exports, but due to huge cost of production, things are going from bad to worse.

"Until a decade back, India was the leading producer, exporter and consumer of cashew in the world, but now things have changed, and Vietnam is surging fast. The factor pushing Vietnam to the forefront is the cost of production -- the cost of producing 80 kgs of cashew is around Rs 1,250 there, while in Kerala, it costs Rs 3,500. Likewise, the productivity from one acre there is 2,500 kg, while here it's 700 kg," Sundaram observed. CEPCI officials also said that even though there are 793 cashew factories in Kerala, barely 140 of them are operational. "Factories outside Kerala concentrate on domestic supplies. While there are more than 3,000 factories, a majority of them are in the unorganised sector. There also, the cost of production is quite high," said Bhoodes.

CEPCI also welcomed the Kerala government's decision to take up cultivation of cashew in states, like Maharashtra and Andhra Pradesh. Maharashtra leads the rest of the country in terms of total area under cashew cultivation, which accounts for 32 per cent of the total 10 lakh hectare, while Kerala's share is just 10 per cent.

Source : Last Updated: Thu, Sep 22, 2016 19:00 hrs


Read more at: http://www.sify.com/news/cashew-body-urges-centre-to-help-arrest-falling-exports-news-others-qjwtarbjjagde.html

India: Cashew export body wants roll back of import duty on raw nuts

September 22, 2016 | UPDATED 19:35 IST



Thiruvananthapuram, Sept 22 (PTI) The Cashew Export Promotion Council of India (CEPCI) has requested the Centre to roll back the import duty imposed on raw nuts and implement a special package to revive the ailing cashew industry in the country.
To address the alarming down trend in exports, the Council had recently submitted a five-point list of remedial measures to Union Finance Minister Arun Jaitley and Commerce and Industry Nirmala Sitharaman, CEPCI Chairman P Sundaran told a press meet here.
He said certain clauses in the Foreign Trade policy had resulted in a fall of cashew exports from 41,995 MT during the period April-August, 2015 to 30,319 MT in the same period this year.
There was also a notable fall in revenues of over 15 per cent from 2.1 crore to Rs 1.7 crore, he said. "The newly introduced import duty has hit the industry hard. As per the new provisions, duty free import is possible only if kernels weighing 25 per cent of the raw nuts imported, and worth 15 per cent more in value are exported within 18 months," he said, adding that the present out-turn stands at a disheartening 12 to 18 per cent. "The import duty adds up to 9.36 per cent, including special additional duty and cess. The price rise of raw cashew and processing charge hike also adversely affected the industry," Sundaran said. The Council also wanted the government to waive quantity norms on the Standard Input Output Norms retaining the prevailing value norms, with retrospective effect from April 1, 2016. In its petition to the centre, the Council also requested the government that action be taken against a processor only if he fails to meet his export obligations within the allowed time period of 18 months. It also noted that the difficulties and delays in obtaining Advance Authorisation from many ports, even after complying with all procedural formalities. "Apart from the import duty burden, the slashing of export incentives have also led to the drastic fall in exports," Sundaran said. "While the present Trade Policy gives priority to industries, which are agriculture based, labour oriented, women centric and export oriented, the cashew industry which more than qualifies under all these categories has been denied eligible benefits and subjected to a drastic cut in export incentives," he added. PTI LGK JRK APR ABI
Source: http://indiatoday.intoday.in/story/cashew-export-body-wants-roll-back-of-import-duty-on-raw-nuts/1/770993.html

Vietnam sees increased demand for cashews

19 September 2016




According to reports from the Vietnam Cashew Association, in the last two months the country has seen a boost in domestic demand as well as from China for kernels with testa (outer skin).

This in turn increased the prices for kernels with testa, so it is currently more profitable for Vietnamese processors to export kernels with testa than kernels without testa.
According to the Department of Agricultural & Rural Development, the export
...

Read more: https://www.agra-net.com/agra/public-ledger/commodities/nuts/cashews/vietnam-sees-increased-demand-for-cashews-527277.htm

Brazilian cashew nut prices edge higher

21 September 2016



Average cashew nut farmgate prices in Brazil’s Ceará state have risen to BRL3.63 (USD1.11) per kilo in August, up 7.71% from BRL3.37 per kilo a month earlier.

The spike in prices has been attributed to a shortage of the new season’s commodity as Ceará growers harvested only 5% of this season’s crop by end of August, said Brazil’s National Supply Company (CONAB).The harvesting season is currently more
...

Read more: https://www.agra-net.com/agra/public-ledger/commodities/nuts/cashews/brazilian-cashew-nut-prices-edge-higher-527520.htm

Ghana: Absence of regulatory framework hampers cashew sector

Thu Sep 22, 2016




A fundamental problem of the country’s cashew sector is the absence of a regulatory framework and body to manage, control and sustainably grow the sector, the Cashew Industry Association of Ghana has said.

According to the association, it is essential that a legally constituted body is established, whilst a sustainable funding mechanism is put in place, alongside a well designed and implemented long term cashew development plan.

Mr. Aaron Akyea, Executive Secretary of the association told the B&FT that demand for cashew nuts continues to rise in all major markets across the world, a reason the country needs to up its game.

Private sector actors in the industry are hopeful a draft policy which is being fine-tuned, “when fully implemented will be an opportunity and serve as a guideline for industry players and members to use the document.”

While raw nuts production in the country continues to rise through a natural rate of increase, it is not adequate to meet the 10% yearly increase in global demand for raw nuts.

But cashew production in the country is not adequate to meet the needs of processing factories across the country and for export.

A 10-year cashew master plan seeks to increase production from the estimated 70,000 metric tons obtained in 2015 to 150,000 metric tons over the next 10 years and increase access to raw cashew nuts for local processing.

The plan also seeks to intensify investments in research and development and establish nursery infrastructure to produce over five million improved planting materials for cultivation within five years.

It is further aimed at facilitating the expansion of raw cashew nuts processing from 4,400 metric tonnes to 56,000 metric tonnes by 2020 to yield about 11,000 metric tonnes of kernels to earn about US$71 million.

Unfolding development

The cashew business environment in the country has improved considerably over the last decade. Production figures have improved from 15,000 metric tonnes to about 50,000metric tonnes in 2013.

Current yield per hectre has increased to almost one metric tonnes with the demand for raw nuts continuing to grow steadily all over the world, thereby creating ready markets and improving in farm-gate prices.

Good agricultural practices for cashew, including improved planting materials, have been developed and are available to support the growth of the industry.

Installed processing capacity in the country has also increased to about 60,000mt over the last decade and continues to attract huge investments.

There are also a number of functional farmer associations, processing companies and traders linked to the industry. All these entities have triggered numerous job opportunities along the entire value chain.

Additionally, the impact of the cashew on poverty reduction and the environment in the savanna regions has been significant, with farm hands and pickers at the production levels.

Thousands of rural employment opportunities are created at the processing factories sited in the rural areas, with over 80 percent of them being woman.

The cashew industry in the country currently boasts of 13 processing companies with a total installed capacity of 65,000 metric tonnes.

There are two large ones, a medium-sized one, whilst the rest are small-sized. These companies process kernels for export, while the bulk of secondary processing takes place around Accra.

There are 21 kernel roasting companies operating in different parts of the country. Out of the number, 17 are located in the Greater Accra Region, three in the Brong-Ahafo Region and one in the Eastern Region.

The producers do not use all of the market channels available within the country effectively. As a result, products do not reach all potential points of sale, and potential buyers or sellers such as the hotels are underserved.

While cashew producers have enjoyed exceptionally high prices for their produce, reaching 79 percent of the Fright on Board value of cashew exports in 2015, the down-stream processing portion of the cashew value-chain has recently suffered.

In 2015, only one of the country’s 13 processors was operational. The critical challenge facing the survival of this industry is that of access to raw cashew nuts supplies necessary for production.

Following the closure of land-border trade in raw cashew nut from Cote d’Ivoire, fierce competition within Ghana for raw cashew nut, in particular from exporters on behalf of foreign traders, has outcompeted most local processors from the market.



Challenges facing the sector

There are however numerous but surmountable hurdles that need to be addressed for an expansion programme to be successful.

The challenges range from research to processing and marketing. These challenges constrict the expansion and profitability of the sector.

Planting materials are inferior, management of farms are generally poor, trading of raw nuts is disorganized and uncontrolled.

Most exports are originating from neighboring countries, processors are reeling from exorbitant raw cashew nut prices that have killed many plants, local consumption is low and there is limited value addition to cashew by-products such as the apples and cashew nut shell liquid, which reduces the profitability of the industry as a whole.

The gestation period for cashew is about three years and it takes five to six years to reach break-even point where it becomes a profitable venture.

Farmers, both small and large scale, are looking for suitable longer-term credit facilities. This is a challenge to local banks that shy away from the extended risks, especially in agriculture. Profitability improves with inter-cropping of food stables like maize, yams, etc.

New and more productivity planting materials and farming methods should be disseminated and made available to all cashew farmers to improve productivity.

Value addition is still limited and should be encouraged to a point where Ghana processes all its current and future raw cashew nut production. Processing is capital intensive and entrepreneurs in the sector seek suitable and adequate financing. Profitable by-products such as cashew apple and are virtually going to waste.

Social level

Even though farming and processing has a huge potential for employment creation, high processing cost has pushed the industry to consider high levels of mechanization to substitute labour.

This trajectory, however, has a trade-off – mechanization produces less whole kernels (the premium products) but the international market is adjusting to and accepting the new mechanized product mix.

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

India: Premium W240 Hits Rs10000 & JumboHalf Rs9000 for Tin/11.340 kilo

Wed Sep 21, 2016




Indian cashew industry is struggling in this festive season, because of the production slowdown, lower filling yield and unsuitable grades. Kernel market is now moving according to demand and supply as corporate and online sellers are facing shortage of supply during the peak demand.

Price of premium grade W240/tin is around Rs10000 where as W320 is available around Rs9200. Even Jumbo Half is moving above Rs9000 for white large splits. These rates are for 25 pounds and inclusive of VAT and local expenses in Goa-Mangalore.

Source: http://worldcashew.com/

CASHEWNUT BOARD OF TANZANIA NOTICE TO RAW CASHEWNUT BUYING LICENSE FOR 2016/2017 SEASON

22/09/2016



 The Cashewnut Board of Tanzania (CBT) wishes to inform prospective buyers of Raw Cashew Nuts (RCN) that the buying season for the year 2016/2017 opened officially on 1st September 2016. 

In this crop season, CBT shall issue two separate RCN licenses one for Local Processors and the other one for RCN Exporters. One buyer can apply for both licenses depending on the needs. 

All interested buyers are advised to apply for the relevant licenses upon filling in the application forms which will be submitted along with certified copies of Valid Business License, Taxpayer’s Identification Certificate (TIN/VAT Certificates), Company’s Certificate of Incorporation/Registration, and two coloured passport size photos of the Company Representative. 

License application forms can be obtained from CBT Head Office in Mtwara or its Branches in Dar Es Salaam, Tunduru and Tanga or can be downloaded from the website www.cashew.go.tz. 

Issued by:- Director General, Cashewnut Board of Tanzania, TANU Road, P. O. Box 533, MTWARA. Fax: +255 23 2333536Website: www.cashew.go.tz

Source: http://www.cashewinfo.com/pdf/CASHEWNUT_BOARD_OF_TANZANIA.pdf

Thứ Tư, 21 tháng 9, 2016

India: CITU seeks minimum wages in cashew units

20 September 2016



Visakha Zilla Jeedi Pikkalu Factory Karmika Sangham has alleged denial of minimum wages and statutory benefits like provident fund, gratuity and ESI facility to workers engaged by the cashew industry in the district.

CITU State president Ch. Narsinga Rao and district general secretary S. Ramesh told reporters here on Tuesday that in most of the cashew factories, the government recommended minimum wages were not being implemented.

According to them, an estimated 50,000 workers are engaged in cashew industry for cutting, peeling, packing and grading works in North Andhra – 30,000 in Srikakulam, 2,000 in Vizianagaram and the remaining in Visakhapatnam district.

Mr. Rao said the workers of Olam Group, which has 10 units in Visakhapatnam mainly at Narsipatnam, Chodavaram, Rajam, Janakirampuram, Amalapauram, Gumpa, Jeedituru and adjoining areas were on strike demanding minimum wage of Rs.298 per day. He alleged that they were paid just Rs.170 without any benefits as recommended by the government. A complaint to this effect has been made to the district Collector and other officials. He said the revised DA for an increase of 25 paise, which was notified in 2010, was not being implemented yet as the government had not moved a petition for vacating a stay issued on a plea by cashew factory managements.

Source: http://www.thehindu.com/news/cities/Visakhapatnam/citu-seeks-minimum-wages-in-cashew-units/article9130731.ece

Nigeria: Man held for alleged N5.5m cashew nut fraud

19 Sep. 2016

The police have arrested a man, Olatunji David, for allegedly obtaining N5.5 million from a businessman under the pretence of supplying him with raw cashew nuts.
The Zone Two Police Command, Onikan, Lagos arraigned David, 46, Monday before Mr. W. B Balogun of an Igbosere Magistrates’ Court, Lagos.
The defendant, whose residential address was not given, is standing trial on a three-count charge of conspiracy, fraud, stealing and conversion.
Prosecuting Supol Eshiet Eshiet told the court that the defendant and his alleged accomplice who is at large committed the offences sometime last March, in Lekki area of Lagos State.
Eshiet alleged that the defendant “obtained the sum of N5.5 million from one Bello Osagie-Teslim under pretence of supplying him raw cashew nuts, a representation he knew to be false.”
“The defendant dishonestly converted the said sum to his personal use in order to permanently deprive the complainant of his property.”
The offences, he added, contravened Sections 409, 312 (1) (a) and were punishable under Sections 312 (3), 278 (1) (a) (2) (a) and 285 (1) of the Criminal Laws of Lagos State, 2011.
The defendant pleaded not guilty.
Magistrate Balogun granted him N2 million bail with two sureties in the like sum who must be gainfully employed in a limited liability company and provide evidence of tax payment.
The case was adjourned till October 21.
Source: http://thenationonlineng.net/man-held-alleged-n5-5m-cashew-nut-fraud/