Cashew Kernel Price Today

Cashew Kernel Price Today, July 21, 2017

W240: 5.20-5.25; W320: 5.05-5.15;

W450/ SW320/ LBW: 4.9-4.95;

DW: 4.5-4.6; WS/WB: 4.35-4.6;

LP: 3.75-3.85 (SP: Limited)

(Unit: USD/ Lb FOB HCMC/ Flexi packs)

Note: The above selling prices for non-Chinese markets/ Prompt shipment.

Thứ Bảy, 22 tháng 7, 2017

IVC: Focus on research cashew in Ivory Coast

17 July 2017

Enhance production, improve quality and enhance the walnut is the ambition of the National Research Program on cashew (NARP) launched last Thursday in Grand Bassam in Ivory Coast. Largest producer, Côte d'Ivoire has to go further. It aims to double production by 2030 and to convert at least 50%. One key is performance improvement which is only 500 kilograms per hectare, which is less than half celuipar example of Brazil or India.

To achieve this, the Council of cotton and cashew (CCC) relies on research. The NARP, with FCFA 4 billion (€ 6 million) over the first three years, will focus on six areas, according to the director of the CCC, Adama Coulibaly, ie genetic / selection, agronomy / multiplication of planting material, defense culture (entomology and plant pathology), biotechnology, post-harvest recovery and socio-economics.
The search is not starting from scratch. As recalled by the Director PCA CCC the Interprofessional Fund for Agricultural Research and Consulting (FIRCA) funds since 2009 a varietal improvement program implemented by the National Agricultural Research Center (CNRA).

Thứ Hai, 17 tháng 7, 2017

India: New cashew unit for Kasaragod

13 July 2017

KSCDC’s Rs 5-crore initiative likely to function from December on three acres of leased land

The Kerala State Cashew Development Corporation (KSCDC) is planning to set up a Rs 5-crore cashew processing unit in the district, with an installed capacity of 2,000 kg raw cashew nuts a day.
KSCDC officials held preliminary talks in this regard with the Kallar grama panchayat officials recently. It was decided to set up the processing unit on three acres of leased land offered by Panathady Cooperative Bank at Poodamkallu, 25 km east of Kanhangad.
The unit would start functioning by December this year, KSCDC Managing Director T.F. Xaviour told The Hindu from Kollam. “Initially, we plan to employ 200 employees, including 185 women. Efforts are on to finalise modalities,” he said.
One of the reasons for choosing the area is its accessibility to cashew producing areas both in northern Kerala and Karnataka. The Centre had already issued a notification for a national highway to link Kanhangad to Bengaluru via Panathur, Bhagamandala and Madikkeri and has earmarked Rs 2 crore for the survey.
Bank secretary P. Raghunath said the unit could help develop the backward region.
The district is known for its top-graded cashew nut. However, becuase of lack of processing units the bulk of the produce is shifted to south Kerala for processing.

Vietnam: Major farm produces enjoy rise in export value despite fall in volume

13 July 2017

Harvesting mangos (Source: VNA)

Hanoi (VNA) – Major agricultural products enjoyed a rise in export value in the first half of this year despite a fall in volume, according to the General Department of Vietnam Customs.

As of mid-June, Vietnam exported 133,124 tonnes of cashew nut for 1.284 billion USD, a drop of 4.11 percent year-on-year in volume but a 20.71 percent increase in value. Meanwhile, coffee exports fell 14.97 percent in volume and rose 11.5 percent in value.

Dang Hoang Giang, Vice President of the Vietnam Cashew Association said the cashew sector’s productivity plummetted, forcing it to import large amounts of raw cashew. Imported raw cashew nut in the first five months of this year rose 74.8 percent while import value increased 125.3 percent, he noted.

However, the price of exported cashew nut rose by 25 percent compared to the same period last year to reach 9,500 USD per tonne, explaining the rise in export value, he said. Giang also forecast that the situation will be the same for the rest of the year, thus total export volume of 2017 may reach 350,000 tonnes with total revenue of about 3.3 billion USD.

Giang said domestic consumption accounts for only 5-7 percent of total cashew output. Once the Global Cashew Council announces the nutrition value of cashew, the association will launch promotion programmes across the country, aiming to boost domestic sales to 20-30 percent of total cashew nut production, he said.

The fall in volume and rise in value is predicted to happen in coffee sector also. 

Nguyen Quang Binh, an expert in the sector said that coffee prices in the rest of the year may drop slightly due to abundant supply, but will still exceed last year’s average price. 

The General Department of Vietnam Customs reported that the rubber sector saw the highest growth in exports, with 411,960 tonnes of rubber shipped abroad for more than 787,550 million USD, a surge of 63.23 percent in revenue thanks to high price. In the first five months of this year, rubber price for export reached 1,957 USD per year, close to a 60 percent rise over the same period last year.

Among major farm produce, peppercorn suffered the sharpest decrease in export revenue at 16.8 percent year-on-year despite a rise of 18.3 percent in export volume. 

Vice President of the Vietnam Pepper Association (VPA) Nguyen Thi Mai Oanh said the decline was due to a slump in price caused by oversupply. She also predicted the price will continue falling for the rest of the year, leading to a fall in export value for the year.  

To survive and develop, domestic pepper farmers and businesses are trying to improve product quality to meet the requirements of foreign markets. Along with efforts to link exporters and farmers and renovate farming technology, the Ministry of Industry and Trade and the VPA are working to build a trademark for Vietnamese pepper, while expanding markets to promising countries in Eastern Europe and Northern Asia.-VNA


USA: Teen turns struggle with food into booming business



Vietnam: Binh Phuoc attracts 31.8 million USD in foreign investment

13 July 2017

Processing cashew nuts for export. Illustrative image (Source: VNA)

Binh Phuoc (VNA) - The southern province of Binh Phuoc has attracted eight foreign direct investment (FDI) projects, with a combined registered capital of 31.8 million USD in the first six months this year.

The figure is below the province’s expectation, requiring local policy makers to revise a specific strategy to increase FDI attraction.

As an effort to improve business and investment climate, monthly dialogues have been conducted to help enterprises and investors operating in the Binh Phuoc, Director of the provincial Department of Planning and Investment Vo Sa said, adding that numerous measures have been taken to attract investors, particularly the construction of infrastructure facilities in industrial parks and clusters.

The construction of infrastructure facilities is underway to lure investors in big industrial parks, such as the 2,000ha Becamex – Binh Phuoc urban and industrial zone, while Dong Xoai 3 IP, Minh Hung – Sikico IP, Hoa Lu border gate economic zone are ready for investors to land in.

However, geographic location, poor transport system and limited human resources are the province’s disadvantages in attracting investment, according to experts.

Tran Dinh Thien, deputy head of the Vietnam Economic Institute, suggested Binh Phuoc take advantages of its vast land and favourable climate condition to develop high-valued industrial plant material areas, such as cashew nuts, pepper, rubber, fruit trees, particularly clean vegetables to supply for Ho Chi Minh City.

The provincial People’s Committee has approved a plan to develop smart and hi-tech agriculture to lure investors. Under the plan, the province has zoned off 1,000 ha for hi-tech agriculture in Loc Ninh, Hon Quan districts and Dong Xoai town.

Secretary of the provincial Party Committee Nguyen Van Loi urged sectors to call for investment in the smart agriculture production chain, particularly the regional connectivity to ensure a sustainable source of clean materials, such as cashew nuts and peppercorns.

Dozens of cooperatives have been established and joined the chain. The clean pepper growing model has proven effective and been multiplied across the province.

According to Director of the provincial Department of Agriculture and Rural Development Tran Van Loc, the province has over 134,000 hectares of cashew trees, accounting for nearly 50 percent of the nation’s coverage, producing 280,000 tonnes per year.

Over 70,000 tonnes of cashew nuts are shipped abroad each year, generating 504 million USD or one third of the province’s export values.

The locality also has over 270 plants and over 1,600 small facilities processing cashew nuts, creating jobs for 50,000 labourers.

Currently, the province is home to 163 FDI projects, worth nearly 1.5 billion USD.-VNA


Benin: the two Indian jailed for cocaine trafficking released, the locked state

14 July 2017

Benin: the two Indian jailed for cocaine trafficking released, the locked state

Arrested and jailed a few days after the economic operator Sébastien Ajavon last September, in a similar case, the two Indian Issac and Manoj Kumar Neeraj Kabdal were released Friday morning.

This is a surprising decision. In September 2016, they were involved in a case 54 kg of cocaine found in a container belonging to them.
Largest exporter of cashew nuts in Benin, the Indian trader was accused of drug trafficking as Sébastien Ajavon operating in poultry. Unlike Sébastien Ajavon was released instead.

At last, the applicants require the State of Benin to be their rights restored. Many of their possessions were seized. This decision made today by the Cotonou Court of Appeal reinforces the two Indians in their claim for compensation.
This is the second case after that of Ajavon. He too had been arrested for 18 kg of cocaine discovered in one of its containers at the Port of Cotonou . Following the release of two Indians, opinion is taken astonishment. The substitution sealed or not, the hijacked container at the port of Cotonou, the doubt remains . This dramatic case is extremely detrimental to the image and credibility of Benin on the international scene.
In addition, the State of Benin recorded at the end of two incredible drug trafficking cases a setback. Benin must return all property seized. Remember, the two Indian Issac and Manoj Kumar Neeraj Kabdal occupy the place of leading exporter of cashew nuts in Benin coveted industry by the entourage of the Head of State himself actor cashew, we come back soon on the profound implications of this case.

The National Research Program on Cashew launched in Grand-Bassam

13 July 2017

© Serge T 
The National Research Program on Cashew launched in Grand-Bassam 
Director of Cabinet of the Minister of Agriculture and Sustainable Development, Coulibaly Minaya has made this Thursday, July 13, 2017 officially launched the Program national Research on cashew (NARP), Grand Bassam.

The Director of Cabinet of the Minister of Agriculture and Sustainable Development, Coulibaly Minaya has made this Thursday, July 13, 2017 officially launched the National Research Program on Cashew (NARP), Grand Bassam. 

Developed at the request of industry players, the NARP is part of the implementation of the strategic focus of the reform of the cashew sector on research and technological innovation. 

Representing the Minister of Agriculture and Rural Development, Coulibaly Minaya recalled the important role of agriculture in the Ivorian economy, with a GDP contribution of between 20 and 25%. He welcomed the establishment of the NARP whose aim is firstly to increase the production of cashew and also improve the quality of the product. 

Continuing, he explained that '' the NARP is the cashew sector in the declination of the National Agricultural Investment Plan (NAIP), himself declination of National Development Plan (NDP). 

Dr. Adama Coulibaly, CEO of Cotton Cashew Board noted that the general objective of NARP is to contribute to the sustainable improvement of the income of actors in the chain of cashew values, ecological intensification of production and the promotion of products and by-products, in order to double production and to convert at least 50% of this production by 2030. 

the scientific investigations defined in the NARP are structured into six areas with clearly defined goals, including improvement varietal and agronomy - crop protection - Biotechnology - Value of products of cashew - Socio Economics and food Security - Coordination and Diffusion. Each axis will be structured around three components to support technology generation, support for technology transfer and institutional support. 

The official launch of NARP was preceded by a workshop whose main objective was to present and to share with all stakeholders involved in the development of Côte d'Ivoire scientific and administrative components of NARP in order to 'greater ownership of shares in order. 

He is specifically to introduce the role and mission of each partner and the collaboration framework; Present the implementation process of NARP to all stakeholders: the strategies, the procedure, the proposed challenges, risk factors and possible solutions; Present NARP research programs by axes and by specialty; Present and explain the action plan over the next 10 years and the related budget; and finally present the context of the expected results. 

The program of preparation work was conducted by eight (8) Coast in Ivory research institutions in collaboration with the Council of Cotton and Cashew, FIRCA and our technical and financial partners (ANADER PSAC, GIZ / ComCashew, CORAF, World Bank). 

The implementation of NARP will cost 4 billion CFA francs for the first 3 years and 9 billion CFA francs for the next ten years, said Dr. Adama Coulibaly. 


Nigeria will be self-sufficient in rice production by November – Audu Ogbeh

12 July 2017

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said that the country will be self-sufficient in rice production by November, which he said will force a reduction in the price of the commodity.
He frowned at what he called the people’s unbridled penchant and taste for foreign foods, most of which, he said, were not as healthy and nutritious as those produced locally.
The minister bared his mind while addressing a town hall meeting on sustainable agriculture, which was attended by farmers, youths, women and other stakeholders in agriculture, held at the Oyo State Secretariat, Ibadan, on Tuesday.
The dialogue, which featured question and answer session, was hosted by the Governor, Senator Abiola Ajimobi, and the Commissioner for Agriculture, Natural Resources and Rural Development, Prince Oyewole Oyewumi.
The meeting, which was called to chart a new path for agriculture rebirth, climaxed a two-day working visit by the minister to agricultural facilities, including farms, dams, farm settlements and others across the state.
He lamented what he called the culture of wastages and abandonment in the country, which, he said, accounted for decaying facilities and monuments dotting the landscape.
Ogbeh said, “By November we will be self sufficient in rice production. We will no longer need to import rice. And let me tell you, our rice is safer, tastier and healthier than the foreign ones.
“Patronize our farmers, eat healthy. Eat Nigerian rice. Another cheering news is that we will soon bring down the price of rice. Nigerians should embrace local products and stop importation of useless things.
“We are a country that has penchant for importation without exporting anything. In fact, some people will even order for pizza from London for delivery by British Airways. They will tell you London pizza tastes better.
“We import champagnes, cookies, toilet papers and even toothpicks. We have this taste for foreign products. This is killing us, it is killing our economy.”
The minister, who disclosed that Oyo State topped the list of cashew producers in the country, said that a cashew processing plant would be established in the state within the next six months.
While urging the governor to prevail on land owners to surrender them for agricultural purposes, he said that the FG was prepared to join hands with the state government on its agric revolution.
He expressed regret that over dependence of the country on accruals from oil production had robbed it of the development of other sectors, especially agriculture, which he said was once the nation’s cash cow.
Ogbeh said, “For instance, I was almost in tears when I got to Ikere Gorge Dam yesterday (Monday) and saw the magnitude of waste and what Nigeria is losing from its abandonment since 1982. It is pathetic. This dam has the capacity to irrigate 12,000 hectares of farm land.
“I remember that we visited the dam in 1982 and brought the required turbines to complete the project. I almost wept when I met the turbines lying fallow at the dam without being fixed.
“This was a dam that has capacity to generate at least seven megawatts of electricity. Ikere is just one of the 22 dams in Oyo State, which is the second highest in Nigeria next to Kano that has 23 dams.
“We fought the civil war with revenue from agriculture, with at least $1m (today’s N367m) per day. The money came from cocoa, groundnut, soya beans and the rest. But today, the disappearance of oil money has exposed our nakedness.”
In his remarks, Ajimobi commended the FG for its commitment to the survival of the country through initiatives such as the latest agriculture renaissance.
The governor recalled that many monuments located in Ibadan, which were mostly the first of their kind in Africa, such as the Liberty Stadium, Cocoa House, University of Ibadan, the Nigerian Television Authority and others were built with proceeds from agriculture.
He appealed to the people to change their mentality that are inimical to the growth of agriculture, which he said was paramount to the economic survival of the country.
Ajimobi said, “I don’t know why we are shunning agriculture. I want to put it on record here that I’m also a farmer, because the country’s law did not forbid the president, governors and other political office holders from going into farming.
“Oyo must become the food basket of the nation. No agric, no food and when there is no food, there is no life and no living, no nation. To survive and live well you must make money. The money is in agriculture.
“The FG is now providing many incentives for the people to embrace agriculture. We need to start thinking of the future today. Let us think of agriculture today for our survival. Let us all work. Let us all do agriculture.
“The highest employer of labour in an underdeveloped country like Nigeria is agriculture. We are underdeveloped because any nation that cannot feed its people is underdeveloped.”
Ajimobi restated the preparedness of the state to partner the FG to complement its agric projects aimed at enhancing food sufficiency in the country.

USA: Turning vegan cheese into a big business

12 July 2017

Photo: Janet Forgrieve

US consumers who grew up eating a traditional diet often find giving up dairy cheese one of the toughest parts of transitioning to a vegan diet, and for years few plant-based options were available to satisfy cheese cravings.
That’s changing fast, led in large part by Miyoko’s Kitchen, a California-based maker of cashew-based cheeses that launched almost accidentally and is expanding to feed growing demand for tasty dairy-free cheeses.
Founder Miyoko Schinner had a background in the food business when she published the book “Artisan Vegan Cheese” in 2012, after spending a year perfecting recipes for cultured nut-based cheeses that won rave reviews from vegetarians and omnivores alike. We spoke to Schinner last month at the Specialty Food Association’s Summer Fancy Food Show in New York City.

On why she started the company

Schinner wrote the book so others could make the products at home. The process is time consuming, though, and the trial-and-error nature of it requires patience. Soon, the feedback from readers sparked the idea for a new venture.
“All the readers said ‘Make the cheese and we’ll buy it,’” she said.
The company launched with 10 products. Last year, it added a mozzarella-style product and a European-style vegan butter, and upcoming launches will include a smoked mozzarella that won raves from vegetarians and omnivores alike when the company served it in paninis at the recent Summer Fancy Food Show. Other new products to be released soon include cream cheeses and a pub crock cheddar.
Earlier this year, Miyoko’s Kitchen raised $6 million in new funding and it’s moving to a new 30,000-square-foot plant in Sonoma, Calif., up from a 5,000-square-foot facility, giving the company room to ramp up production, achieve efficiencies and develop new products.

On the challenges

Miyoko’s is the largest cultured cashew-cheese based company and scaling production has been an ongoing challenge, she said.
Making cheese is part art and part science. That’s just as true for the plant-based variety, except the science hasn’t had generations to develop.
“We’re creating the science as we go, and a lot of strange things have happened. When that happens, we have to send [the product] to the lab and figure out how to fine-tune the processes and achieve repeatable results,” Schinner said.
The uncertainties can frustrate employees who come from other food companies, she said.
“It’s a process where, once you learn the science, you still need intuition. You have to develop a feel for it and that takes time,” she said.

On testing new products                                                     

The company sells its cheeses in retail outlets and online, and the Miyoko’s Kitchen website also serves as a virtual test kitchen, where fans of the brand can be beta testers of new products and flavors, Schinner said. Recently, customers tested and provided feedback on a limited-edition blue cheese, and this fall the company will launch new cream cheeses and a pub crock cheddar that were tested and reviewed by online customers.

On her new book

Schinner’s newest book, “The Homemade Vegan Pantry, the Art of Making Your Own Staples,” offers busy vegans recipes for filling the kitchen with staples from meat substitutes to cake mixes to homemade ketchup that can be used to whip up quick meals, snacks and treats.
“It takes the mystery out of all these items that can be made at home, things that can make life easier.”

On why she promotes a vegan lifestyle

“It’s about the impact of your food choices on the planet. You can become a hero and change the world one bite at a time by adopting this lifestyle. It’s what each of us can do to make the planet a better place for people, animals and ourselves.”
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Sierra Leone News: Cashew farming gets EU boost

12 July 2017

Trainers in Kambia
Trainers in Kambia
Cashew farmers in the Kambia District attended a 2-day training session hosted by COOPI, an Italian NGO, on best practices for the cultivation and collection of cashew crops. The training was held under the operational framework of the European Union (EU) funded food security program ProAct 2015.

The District Agricultural Officer from the Ministry of Agriculture, Forestry and Food Security, Umaru Mohamed Sankoh, said, “The training is to primarily build the capacity of master trainers that will then be responsible to impact the technical skills involved in cashew nut cultivation to home farmers.”

He commended European Union and COOPI for their support of more than 120,000 seedlings of cashew nuts that have been available to farmers this year in Kambia District only. The Ministry has extensively engaged home farmers to cultivate cashew nut in order to sustain their livelihood. He maintained that cashew nut cultivation has contributed positively on the global market trend.

One of the trainees, Abdul Karim Bangura, explained, “I learned from the sessions about the basic skills involved in agronomic practices such as the implementation and maintenance of cashew nut cultivation. I learned skills revolving around helping farmers with intercropping to mainly control weeds and attract high yields. Post-harvest is pivotal for local farmers’ cultivation, which will enhance skills on how to mitigate loss of crop and prepare farmland sufficiently,” he noted.

The training aimed to create and consolidate technical skills and capacities on agronomic practices required to establish new cashew plantations, to be replicated and delivered to local based cashew farmers.

The COOPI Project Officer, Mohamed M. Kamara, underscored the need for trainers to consider the training relevant as it seeks to capacitate and enhance their knowledge in agronomic practices on cashew nut cultivation.

He disclosed that a total of 24 participants were selected from three districts, Port Loko, Bombali and Kambia. Each of the trainers are to replicate the technical skills involve in cashew nut cultivation, and in turn deliver it to local based farmers.

Wednesday July 12, 2017.

Vietnam: Cashew firms asked to make up output fall with product quality

12 July 2017

HCM City (VNA) – The Vietnam Cashew Association (Vinacas) has asked its members to pay greater attention to improving the quality of cashew to raise its value amidst slumped production. 

Vietnam has suffered a sharp fall in both cashew productivity and output in 2017 crop due to abnormal weather conditions, Dang Hoang Giang, Vinacas Vice President and General Secretary said at a conference on July 12 in Ho Chi Minh City to review the sector’s performance in the first half of this year.

He noted that cashew productivity of farms in high hills reached only 20 percent of that in 2016, while the yield of farms owned by experienced farmers was only 50 percent, with the quality of cashew seriously affected. 

Vinacas has asked for authorized agencies’ support in seeking economic and technology measures to boost the growth of cashew trees for better crops in 2018, as well as ways to detect diseases and insect risks and the research for better cashew varieties that are more resilient to extreme weather conditions.

However, Giang said that cashew price this year hit a record at about 50,000 VND per kilo of dried cashew nut compared to 38,000 VND in 2016. The price is expected to continue rising in the rest of the year, he added.

According to Vinacas, this year, the cashew sector targets an export volume of 320,000 tonnes of cashew nuts, a drop of 9.14 percent year on year and a revenue of 3.3 billion USD.

The association also suggested that enterprises ensure cashew materials for export, while applying advanced technology, foster their connection in production and expand market for their products.-VNA


Vietnam: Cashew export volumes to fall, value not to be affected

13 July 2017

Việt Nam is expected to export 320,000 tonnes of cashew worth US$3.3 billion this year, which represents a fall of 9.2 per cent in volume terms due to a sharp fall in harvests due to unfavourable weather, according to the Việt Nam Cashew Association.—  Photo
HCM CITY — Việt Nam is expected to export 320,000 tonnes of cashew worth US$3.3 billion this year, which represents a fall of 9.2 per cent in volume terms due to a sharp fall in harvests due to unfavourable weather, according to the Việt Nam Cashew Association.
According to the Ministry of Agriculture and Rural Development, the country exported 149,000 tonnes of cashew nuts worth about $1.5 billion in the first six months of the year, a year-on-year increase of 4.4 per cent in volume and 20.8 per cent in value.
Speaking at a meeting in HCM City yesterday, its deputy chairman and general secretary, Đặng Hoàng Giang, said the US, the Netherlands and China remain Việt Nam’s largest buyers, accounting for 54 per cent of shipments.
The average export price was at $9,500 a tonne, up 25 per cent from last year, he said.
But processors lack raw materials to process for exports, he said.
Nguyễn Đức Thanh, Vinacas’s chairman, quoted the Global Cashew Council as saying global raw cashew production this year is expected to be three million tonnes, 200,000 tonnes down from last year.
In Việt Nam, unseasonable rainfall and unfavourable weather this year had badly hit output, which plunged by 51,860 tonnes to 252,038 tonnes.
Last year processors had imported 1.06 million tonnes of raw cashew, mostly from African countries.
A maximum of 1 million tonne of raw cashew is expected to be imported this year, he said.
Inventories at processing firms are very low, and to avoid the risk of defaulting on shipments the association has urged firms to be cautious about signing export contracts.
At the seminar, cashew firms also warned about the need to identify reliable foreign partners for importing the raw nuts, revealing that in many instances they had failed to deliver after signing contracts and even receiving advance payments.
Nguyễn Duy Tuân of Long An Food Processing and Export JSC suggested that in such cases firms should report the name of the defaulting suppliers to the association so that it could blacklist such sellers and safeguard member companies.
Delegates agreed that with supply reducing, their export prices would increase during the course of the year.
The association urged processors and exporters to pay greater attention to quality and hygiene and food safety.
Việt Nam has been the world’s largest cashew exporter for the last 11 years, last year accounting for 42 per cent of the global export volumes, according to Vinacas. — VNS


India: Not so simple: GST Rates Finder App leaves users disappointed

11 July 2017

The government on July 8 launched the GST Rates Finder, but a complicated user interface and difficult navigation has left most users disappointed.

According to Central Board of Excise and Custom (CBEC) chairperson Vanaja Sarna, the idea behind the app was that it would be a ready reckoner for the public, for customers, for consumers, traders, students, anyone who wishes to have very handily (GST) rates available.

When you open the app, it is divided into five sections. The las .. 

VN to import more cashew

11 July 2017

HCM CITY – Việt Nam, the world’s No 1 exporter of cashew products, expects to import an aditional 500,000 tonnes of nuts from now until October to meet its annual export target, according to the Việt Nam Cashew Association (Vinacas).

Without imports, the industry will not meet its export target of 360,000 tonnes because unseasonal rains have shrunk the  2016-17 crop, which in any case would have been insufficient to meet processing demand, the association said. Currently, nearly two-thirds of the nuts for Việt Nam’s cashew industry are imported.

According to the General Department of Việt Nam Customs, 165,000 tonnes of cashew nuts worth about US$1.62 billion were exported in the first six months of 2017, up 2.3 per cent in volume and 27 per cent in value year-on-year.

But Vinacas Chairman Nguyễn Đức Thanh said the domestic cashew supply was not sufficient for processing needs in the first half, so the industry had to import 400,000 tonnes of high-quality raw cashew nuts from Africa.

However, processors complained that while imported nuts were expensive, processed product prices remained unchanged, leading to lower profits, Thanh noted.

Việt Nam has been the world’s No1 cashew nut exporter for 11 straight years and is set to keep this position for the 12th year as it is forecast to ship abroad 360,000 tonnes of cashew nuts worth $3.3 billion in 2017. Since the six-month shipments were equivalent to just 45 per cent of this year’s target, the industry must work harder to realise this goal, according to Vinacas. The year’s final harvest in the fall is not expected to make up the shortfall.

Due to the shortage, the price of raw nuts on the domestic market was expected to rise, even for low-quality raw material, especially in the period from October to December 2017. Therefore, many plants have scheduled to reduce their processing capacity and some small plants will have to close.

Tạ Quang Huyên, General Director of the Hoang Son 1 Co, Ltd, said the shortage of raw cashew is not new. Major enterprises made preparations from the start of the year to ensure normal production activities. Only small firms without adequate storage have to wait for imported materials.

According to Vinacas Chairman Thanh, to ensure bigger crops, new high-yield cashew varieties tolerant to climate change and disease must be planted, and the planting schedule should be adjusted to cope with climate change. - VNS


Thứ Hai, 10 tháng 7, 2017

Vietnam: Material supply matters to cashew industry of Vietnam

10 July 2017
About 500,000 tonnes of material cashew nuts will be imported from now to October to serve processing and meet the targeted export volume of 360,000 tonnes of cashew nuts this year.

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Workers process cashew for export at the Quang Son Co. Ltd in Phu Hoa district, Phu Yen province
According to the General Department of Vietnam Customs, 165,000 tonnes of cashew nuts worth about 1.62 billion USD were exported in the first six months of 2017, up 2.3 percent in volume and 27 percent in value from a year earlier.
Chairman of the Vietnam Cashew Association (Vinacas) Nguyen Duc Thanh said in this year’s first half, the domestic cashew nut supply was not enough for processing, so the industry had to import 400,000 tonnes of high-quality raw cashew nut from Africa in order to meet the market demand.
However, processors complained that while they had to import raw materials at high prices, product prices remained unchanged, cutting into their profits, Thanh noted.
Vietnam has been the world’s No. 1 cashew nut exporter for 11 straight years and is set to keep this position for the 12th year as it is forecast to ship abroad 360,000 tonnes of cashew nuts worth 3.3 billion USD in 2017. Since the six-month shipments were equivalent to just 45 percent of this year’s target, the industry must work harder to realise this goal, according to Vinacas.
Although there remains one more harvest in the country from now to the end of 2017, the output is predicted to remain insufficient for processing.
Nguyen Quang Huyen, General Director of the Hoang Son 1 Co. Ltd, said the shortage of raw cashew nuts is not new. Major enterprises made preparations right from the year’s beginning to ensure production activities at their factories will not be interrupted. Only small firms without adequate storage have to wait for imported materials.
Nearly two-thirds of raw materials for Vietnam’s cashew industry are imported at present. The question of material supply remains unsolved, leaving the industry reliant on imports. 
According to Vinacas Chairman Thanh, to ensure material supplies, it is necessary to plant new high-yield cashew varieties that are tolerant to climate change and diseases, while planting schedule should be adjusted to cope with climate change .

Cashew Nut Prices Soar on Tight Supply

10 July 2017

Spend Matters welcomes this guest post from Jara Zicha and Jonathan Stokes, of Mintec. 
Cashew nuts have become increasingly popular in the last few years, eaten either as a snack or with your morning muesli, made into a protein bar or even into lactose-free milk.
A few years back, cashews were very competitively priced, being one of the cheapest tree nuts available on the market. However, prices have soared since the beginning of 2016, currently up 30% year-over-year, at over $11 per kilogram in Vietnam.
Whilst Vietnam isn’t the largest producer of cashews, it is the largest processor, accounting for more than half of all global cashew exports and the main supplier for the U.S. market. Following disruptions to supplies during 2016, Vietnam struggled to process enough cashews to placate high global demand and prices started climbing as a result.
In 2016, domestic Vietnamese production was hit heavily by inclement weather, which reduced yields and quality of the crop. Buyers put off by high pricing decided to fill their stocks for immediate needs and wait for the next crop in the first half 2017, hoping to “cashew” in on falling prices.
However, prices have been rising further in 2017. Heavy rains during the growing season in Vietnam between January and March adversely impacted flowering and further development of nuts. Output for 2017 is estimated to fall around 18% compared with last year, with some provinces reporting a decline in production of up to 50%.
The crop in West Africa has been also revised lower from earlier estimates, although at reasonable levels, but quality has been reported lower this year. West Africa exports as much as 70% of its production to Vietnam for processing, and nuts this year have been affected by heavy winds during the flowering stage.
Cashew exports from Vietnam are estimated to have fallen during the first five months of 2017, down 10% y-o-y, while global prices are likely to remain firm for the time being. Demand is expected to soften as buyers could resist the current price levels. However, processors in Vietnam who have already purchased their stocks of raw cashews from Africa or India at high costs are unlikely to back away from their price demands.