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 Sáu, 31 tháng 3, 2017

Nigeria: World Bank Approves $200 Million Agric-Credit to Nigeria

Wed Mar 29 2017



The World Bank has approved a 200 million dollars credit facility to further support Nigeria in its efforts to enhance agricultural productivity of small and medium scale farmers. In a statement in Abuja, the Word Bank Country Director, Mr. Rachid Benmessaoud said the loan was in recognition of agriculture as the key to long-term economic growth and diversification.

He said the credit was being financed from the International Development Association (IDA), the World Bank Group's grant and low-interest arm, adding that it will be on standard IDA terms, with a maturity of 25 years, including a grace period of 5 years.

Benmessaoud said the project will tackle the key constraints of the Nigeria agriculture sector, such as low productivity, lack of seed funds for establishing agro-processing plants and lack of access to supportive infrastructure. He said it will also solve the problems of low level of technology and limited access to markets.

"The project supports the country policy thrusts on food security, local production, job creation and economic diversification. It also responds to the recurring issues of low productivity, limited farmers' participation to agribusiness supply chains, and institutional realignment in the agricultural sector.

"The project will help increase agricultural productivity and production, improve processing and marketing, foster job creation, and increase household income and livelihood in participating states," he said.

Benmessaoud said also that the project would benefit women and youth businesses in areas such as horticulture, poultry and aquaculture.

Also, according to the statement, the World Bank Lead Agriculture Specialist, Dr El-Hadj Toure, said 60,000 individuals will directly benefit from the programme.

He said 35 per cent of which will be women, and overall, about 300,000 farm household members will be indirect beneficiaries of the programme.

"The priority value chains under the project will include products with potential for immediate improvement of food security, products with a potential for export and foreign currency earnings such as cocoa and cashew," he said.

Toure said the project will also target the enhancement of the national production of rice, maize, cassava and wheat.

Source: http://allafrica.com/stories/201703290454.html

Nigeria: Cashew farmers target $650m annual income

Thu Mar 30 2017



CASHEW farmers in Nigeria are working on a four-year plan to earn $650 million annual income from export of the commodity. The country earned $253 million income from cashew exports in 2015. In order to achieve their target, the farmers intend to cultivate more land with a view to boosting exports to about 500,000 metric tons a year to raise annual earnings to $650 million.

Tola Faseru, President of the Nigerian Cashew Association, told Bloomberg in an interview, that with about 160,000 hectares (395,000 acres) of land producing about 150,000 tons a year, farmers are seeking to bring an additional 340,000 hectares into cultivation to achieve industry targets. This, according to him, should raise annual export income from the product to at least $650 million from the $253 million earned in 2015.

Nigeria exports more than 80 percent of its cashew output, mostly as raw kernels, with about 60 percent of last year’s shipments going to Vietnam, according to the cashew association. “Virtually all the states in the country have the potential to grow cashew. Our sights are even beyond the 2020 target” as they seek to make cashew one of the country’s biggest exports,” Faseru said. Cashew is among 13 products identified by the Buhari administration under its national strategic plan to expand agricultural export income and end economic woes that made 2016 the first year of growth contraction since 1991 following the collapse of the price of oil, the country’s main export.

Nigeria is Africa’s sixth-biggest producer, ranked behind Ivory Coast, Tanzania, Burkina Faso, Ghana and Mozambique, according to the association. An output of 500,000 tons would make Nigeria Africa’s second-biggest producer. Global demand for cashew nuts has surged 53 percent since 2010, outstripping production in at least four of the past seven years, according to the Reus, Spain-based International Nut and Dried Fruit Council. India is the leading producer with 1.73 million tons of kernels in the 2015-16 season, followed by Ivory Coast with 1.7 million tons and Vietnam with 1.1 million tons as global production rose 3 percent from previous season to 7.4 million tons, according to the council.

Source: http://www.vanguardngr.com

Ivory Coast / Measures to prevent leakage of cashew Bondoukou to neighboring countries

31 March 2017


The prefect of the Gontougo region, prefect of the department of Bondoukou, Amani Yao Michel

Bondoukou, March 31 (PIA) -The prefect of the Gontougo region, prefect of the department of Bondoukou, Amani Yao Michel, took Friday a decree on precautionary measures for the smooth running of the marketing year of cashews 2017 in the department, states a document sent to the AIP. These measures, among others, closed until further notice storage stores in neighboring localities falling within prefectures Sorobango, Bondoukou, of Pinda-Boroko and Appimandoum, belonging either to registered buyers or cooperative societies and which are actually places of storage and conveying cashew to neighboring countries, banning car movement or any other gear carrying ...

Source: http://aip.ci/cote-divoire-des-mesures-pour-empecher-la-fuite-de-la-noix-de-cajou-de-bondoukou-vers-les-pays-voisins/

Ivory Coast declares war on the fly mango

31 MARCH 2017 - 17:30 |


The fight against fruit flies, including mangoes, is of national importance in the Ivory Coast. Because " with 32,628 tonnes (t) produced in 2016, against 10,179 t in 2011, Mango became the third fruit exported by Côte d'Ivoire after the pineapple and banana" , has he been recalled Council of Ministers on Wednesday.
But "the export season mangoes which takes place over the period from mid-March to late June is reduced more and more because of the outbreak of fruit flies from the start of the rainy season ," Has -it was noted by the Ministry of Agriculture.
Hence the decision of the Ivorian government to open an annual budget line in the Ministry of Agriculture and Rural Development to fight against this aggression, the line representing " the consideration payable by the State of the Ivory Coast financing by ECOWAS in the framework of fight against fruit flies . "
But for the moment, it was decided that the Council of cotton and cashew préfinancerait " purchase emergency 50 000 liters of Success Bait a cost of FCFA 425 million, under the mango season 2017. "
The e "Bait Success" is a mixture comprising nutrients and a natural insecticide spinosad likely to attract and kill fruit flies.
Source: http://www.commodafrica.com/31-03-2017-la-cote-divoire-declare-la-guerre-la-mouche-des-manguiers

Côte d'Ivoire / The cashew producers Gontougo urged to demand receipts buyers

Published Friday, March 31, 2017 |  AIP

A

© Other press by Dr 
A confidential audit of consulting firm Deloitte overwhelms the Ivorian cashew industry

Bondoukou - The Regional Delegate of the Board of cotton and cashew, Sory Bamba on Thursday called the producers of cashew Gontougo the region (Northeast) to demand receipts buyers after selling their products. 

"It will identify fraudsters to know the tonnage per producer per village, sub-prefecture, department and even by region. Based on these receipts, producers can receive certain benefits to the Council, "he justified. 

M. Bamba noted that the price of the kilogram of cashew varies now between 700 and 750 FCFA. 

The region of Gontougo recorded a production of 83,000 t of cashews in 2016, will be recalled. 

(AIP) 
Source: http://news.abidjan.net/h/612487.html

Thứ Năm, 30 tháng 3, 2017

Côte d'Ivoire / PCA cotton cashew Council welcomes the support of the Ivorian government

Image d'archives

Niakara, March 30 (PIA) -The Chairman of the Board (PCA) of the Council of cotton and cashew (CCA), Mamadou Bamba welcomes government action that spares no effort to support the cotton sector, devoting seven billion each year for development, learned AIP on site .. During a sensitization meeting on Thursday, M. Bamba noted disturbances that had sealed cotton production from 1998 to 2010, due in particular of the uncontrolled liberalization of this sector, socio-political crises and internal dysfunctions including erosion of the frame, relaxation of cotton research. The assistance of the Ivorian state now allows, to improve the income ...

Source: http://aip.ci/cote-divoire-le-pca-du-conseil-coton-anacarde-salue-le-soutien-du-gouvernement-ivoirien/

India: Canacona cashew… the untold story

30 April 2017


The cashew season in the State is when Goa produces world famous urrak and feni; most people consume urrak with Limca before the monsoons but feni is used throughout the year, often as a medicine.


It’s Urrak time in Goa once again. This is the time of the year when most of the Goans indulge in drinking the best of Urrak. Generally Urrak is drunk, mixed either with Limca or lime-based drink and consumed with exemplary taste and flavour. Thanks to the raw material cashew apple which is abundantly grown on the hilly slopes all across Goa.
The Portuguese had imported this cashew plant from Brazil to control soil erosion on the steep slopes typical to the Goan landscape. 

The cashew tree is an important part of the Agrarian economy of Goa which has existed hundreds of years now. The advantage this crop has over other crops is that it requires minimal attention. The only requirement is to clear the shrubs and bushes in the plantation area just when the tree starts to flower. Come the month of January and the people involved in the cashew plantation get busy in clearing the plantation area. This is done to have an easy approach at the tree so that the cashew fruit could be easily collected.

The important part is the seed which fetches maximum cash to the owner.

The Urrak and Feni are extracted through a simple distillation process from the cashew apple juice. The first distillation is known as the Urrak and the second called Feni. The alcohol strength is measured by alcometer and is expressed in terms of volume/volume or GRAO. High GRAO means higher alcohol content and hence of superior quality. Urrak is normally made to have around 15 GRAO and Feni is between 20 to 22 GRAO.

In good old days almost all households had this glass vessel known as Garafao/Carbo for storing the distilled Urrak and Feni. The Garafaos would usually come in sizes of 18 or 27 bottles. And depending on one’s consumption for the whole year the number of Garafaos was decided. Whereas the Urrak is normally consumed for about three months during the cashew season the Feni is good to last for the whole year and beyond.

A cashew processing owner Mr Gaurav Boruskar, who is running a factory in Poinguinim for last 18 years, stated that there is no dearth of raw material or finance but due to non availability of labour, mostly female, it has become difficult to continue with their business. 

Canacona has a sizeable area under cashew plantation. Main cashew produce comes from Agonda, Sristhal, Gaondongrim, Khotigao, Poinguinim and Loliem. Almost all the cashew seeds after sufficient drying are sold in the Canacona market. These seeds are further sold to the processing units in the Taluka. There are 4 processing units spread all over Canacona which on an average process over 2 lakh kgs of raw cashew nut producing 60,000 kg finished kernel, and 138,000 kg of nut shell which is hard pressed to extract 30,000 litres of shell oil which is sold at Rs 50 per litre. The cashew oil extracted is used to coat the wooden hull boats to give good protection from the harsh saline environment. 

The farmer at 90% subsidy can buy the cashew apple juice extractor for SC and ST and 75% for others. 

Shivram Gaonkar, the Canacona Z.A.O. stated that there was a steady increase of area and production of cashew nuts since last decade due to the efforts put in by the Zonal Agriculture office and he stresses that still lot of neglected land can be brought under cashew plantation 

Source: http://www.heraldgoa.in/Goa/South-Goa/Canacona-cashew%E2%80%A6-the-untold-story/113338.html

Thứ Tư, 29 tháng 3, 2017

India: KSCDC exports kernels after 4 years

KOLLAM MARCH 28, 2017 18:21 IST



After a gap of four years, the public sector Kerala State Cashew Development Corporation (KSCDC) on Tuesday despatched two container loads of cashew kernels for export from here. KSCDC Chairman S. Jayamohan, who flagged off the consignment, said it was a positive indication that the company is reviving.
The last export the company did was in 2013. Tuesday’s export is meant for Dubai and it comprised about 30,000 kg of kernels, all processed at KSCDC factories.

The export will be from the Kochi port. The ‘CDC’ brand cashew kernels enjoy much demand in the domestic market. Mr. Jayamohan said efforts are being taken to popularise the brand in the export market as well.
Source: http://www.thehindu.com/news/cities/Thiruvananthapuram/kscdc-exports-kernels-after-4-years/article17704120.ece

Vietnam faces disappointing cashew crop

Rotterdam broker Amberwood Trading recently visited cashew suppliers and farmers in Vietnam and was informed that this year's crop is even worse than that of last year.
“Last year's crop was bad because of El Niño: too dry for too long. This year's crop, however, has suffered from too much rain, or perhaps we should say too much rain for too long,” the company explained.
Farmers told Amberwood that the rains continued to...
Read more: https://www.agra-net.com/agra/public-ledger/commodities/nuts/cashews/vietnam-faces-disappointing-cashew-crop-546749.htm

Thứ Ba, 28 tháng 3, 2017

Ghana: Agric is Ghana’s greatest tool for socio-economic dev'ment – Dep. Minister-designate

Source: Ghana | Myjoyonline.com
Date: 27-03-2017 Time: 03:03:41:pm

Deputy Minister-designate for Local Government and Rural Development has described agriculture as the greatest tool that can best propel the country’s socio-economic development.
Augustine Collins Ntim says the benefits from a vibrant Agric sector are enormous as it produces benefits that trickle down to even the most remote part of the country.
The Member of Parliament for Offinso North Constituency is, therefore promising to push for the use of agriculture as the central tool for the development of local and rural areas when he takes office.
“I have already identified 60 districts within the transitional zone that have the potential to support cashew production, and in the Northern region - cotton, in other areas - citrus, so we will come up with a comprehensive programme for the DCEs and MCEs to adopt. We are thinking of creating employment, revamping the agric sector at the local level, and developing the economic potential of every district,” he explained.
Mr. Ntim says the Offinso North District is one area where agriculture has transformed the local economy for the better, which should be expanded.
In the Offinso North Constituency, the MP says an ‘Initiative for Cashew Production’ is supporting 20,000 farmers to cultivate 200,000 acres of plantation over the next five years. Under the initiative which is supported by USAID, farmers are supplied with inputs to plant the cashew plants on their farms so they earn additional money from that.
Mr. Ntim says he will push for the replication of the concept in different areas of the country as Deputy Minister for Local Government and Rural Development.
Farmers will be encouraged to develop plantations of various cash crops including cocoa, oil palm, citrus and cashew across the country from which they can generate additional sources of income.
“The focus is to empower individual farmers so that when they are cultivating their maize, tomato and other crops, they will inter crop it with various cash crops like cashew, oil palm, so that at the end of the farming season, they will not only have returns on the food crops but also the cash crops,” he explained.
He says this will ensure sustainable local interventions to address issues of unemployment as the presence of such plantations will also spur on the establishment of factories to take advantage of the bumper harvest of crops.
“We are positioning ourselves for the one district one factory policy. So we are coming out with an intervention that will attract a strategic investor that will serve as an off taker that will buy the cashew nuts, buy the inputs and support the farmers,” he explained. 
Source: http://www.myjoyonline.com/news/2017/March-27th/agric-is-ghanas-greatest-tool-for-socio-economic-devment-dep-minister-designate.php

India: Hailstorm damages mango, cashew crops

 | Updated: Mar 28, 2017, 01.50 PM IST


VISAKHAPATNAM: The recent hailstorm that occurred in the three north coastal districts of AP has damaged a major portion of mango and cashew crops apart from a few vegetables.



Sources said the crops were destroyed in nearly 100 hectares in the three districts.




Farmer K Suryanarayana from Kottavalasa said this is the first time in nearly a decade that a hailstorm occurred in the area in summer. "The crops get various diseases due to the sudden change in weather and unseasonal rain or hailstorms," he added.



"The rain and hailstorm accompanied by strong winds were not reported everywhere thanks to which the mango crops will not totally give this summer a miss," Suryanarayana said.



A senior horticulture official said the mango crop in particularly will be affected with diseases like Sooty Mold (Mangu Tegulu) and Powder Mildew (Budida Tegulu) due to the high moisture content in the weather.


When contacted, K Sailaja, assistant director of department of horticulture, said, "Three hectares of mango crop, one hectare of cashew crop and 16.5 hectares of vegetables mainly in Saripalli, Gavarapalem and Goparadu villages of Pendurty mandal were affected by the hailstorm."



India Meteorological Department (IMD) director K Nagaratnam said wet weather conditions including hailstorms prevailed in the beginning of summer due to the rising temperatures. However, the moisture will evaporate once the mercury levels rise further, she added.

Source: http://timesofindia.indiatimes.com/city/visakhapatnam/hailstorm-damages-mango-cashew-crops/articleshow/57861495.cms

Burkina Faso: AfDB unlock 3.3 billion CFA francs to support the cashew sector

29 March 2017
Burkina Faso: AfDB unlock 3.3 billion CFA francs to support the cashew sector

(Ecofin Agency) - The African Development Bank will release an envelope consisting of a loan and a grant, a total of about 3.3 billion CFA francs to support project financing for the development of cashew in the Comoé Basin as well as reducing emissions from deforestation and forest degradation (PADA / REDD-plus).
The agreement on the financing was signed last Friday by Antoinette Batumubwira, resident representative of ADB, Burkina Faso, and Hadizatou Rosine Coulibaly (pictured), the Burkinabe Minister of Finance. Over a period of 5 years, the project mainly aims to contribute to poverty reduction in rural areas, to reducing greenhouse gas emissions based on carbon storage capacity of cashew . It concerns the Cascades, Hauts-Bassins and South-West of Burkina Faso, located in the basin of the Comoé. Its total cost is about 6.4 billion CFA francs.
To recall, the ADB is not his first support Burkinabe cashew sector. The financial institution had already approved in February, a loan and a grant totaling $ 5.4 million under the PADA / REDD-plus.
Source: http://www.agenceecofin.com/aide-au-developpement/2703-46060-burkina-faso-la-bad-debloquera-3-3-milliards-de-fcfa-en-appui-a-la-filiere-anacarde

Chủ Nhật, 26 tháng 3, 2017

Burkina Faso: New AfDB support for the sector cashew

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The African Development Bank (ADB) will provide a loan of 2.28 billion francs CFA to the government of Burkina Faso in the project to support the development of the sector of cashew in the basin of the Caloé. Accounting for REDD +, it is the third AfDB assistance to the sector.


A donation of MoU and Loan was signed on Friday between the finance minister of Burkina Faso Hadizatou Rosine Coulibaly and Antoinette Batumubwira, Resident Representative of the African Development Bank (ADB) in Burkina Faso. The multilateral financial institution will provide a loan of 2.28 billion CFA francs in Ouagadougou to promote the sector of cashew (also called cashew nut) in the Caloé basin. The funding is part of the REDD + program (PADA / REDD) through which the government had initiated a project to support the development of cashew in the area, and who needed financial support. According Hadizatou Rosine Coulibaly, the project whose date for implementation runs until 2022, is twofold.

Contributing to the reduction of poverty in rural areas, to reduce deforestation and reducing emissions of greenhouse gases, the cashew tree is a carbon management capacity plant. " Considered as a forest species to fight against erosion and desertification, cashew is now recognized to have economic opportunities for different rural stakeholders  ," FAO said in a study of the cashew sector in Burkina Faso. According to the study, the importance of the die cashew in Burkina Faso's economy is well established.

The cultivation of cashew brought a lot to the economy over the past four years when aware of its importance, the government is enabled to reorganize the sector.

A significant economic impact

1,000 hectares of orchards project 'cashew' 'initiated by the government of Burkina Faso in 1980, today the country is 80,000 hectares. Taking the example of neighboring Ivory Coast, Burkina Faso was able to obtain rapid and significant production after a break in 1990. To date, Ouagadougou converts 5% of its production and exports the rest to India, Vietnam, Brazil through Abidjan (Côte d'Ivoire) and Tema (Ghana); and allows more than 45,000 households to derive income. A strong argument has always advocated for the ADB's interest in the sector.

Recently, the financial institution said it had supported the Burkina Faso at a rate of 5.4 million on a project whose objective is the planting of 25,000 ha of cashew agroforestry, upgrading and construction of 10 cashew processing plants and mango, the development of 10 firing and shelling centers for women, coaching 540 farmers / producers. Besides this, the Burkinabe authorities had already obtained in January 2017, with the support of ADB, a loan in the amount of $ 4 million the Forest Investment Program Climate Investment Funds (CIF). This makes a big investment package for the sole subsidiary of cashew. It must be concluded that it carries a lot of hope.

Source: http://afrique.latribune.fr/afrique-de-l-ouest/benin/2017-03-25/burkina-faso-nouveau-soutien-de-la-bad-pour-la-filiere-de-l-anacarde.html

vory Coast: Fire, 35 tons of cashew in smoke on the axis Yamoussoukro-Tiébissou

© koaci.com - Sunday, March 26, 2017 -Several million went up in smoke this Saturday, March 25, 2017, on the axis Yamoussoukro-Tiébissou following the fire of a trailer truck carrying cashew.

A total 35tonnes cashew which are carried away by the flames despite the intervention of firefighters who could isolate the fire harshly because of the lack of water sources, a fault criticized by firefighters without no solution for ages.

Click to enlarge

Ivory Coast: Fire, 35 tons of cashew in smoke on the axis Yamoussoukro-Tiébissou
In addition, extinguishing the fire coupled with the traffic control is continued with the edge means.

This load has burnt is a big loss for the actors of the cashew sector as victims of fraudulent cutters roads and marketing of cashew outside the borders of the country. The price of cashew is set to 440 FCFA.

Saxum, Abidjan

Source: http://koaci.com/cote-divoire-incendie-35tonnes-danacarde-partent-fumee-laxe-yamoussoukro-tiebissou-107697.html

Burkina Faso: AfDB is providing more than 2 billion CFA francs to the cashew sector

March 24, 2017

Mamadou Aliou Diallo 

cashew apple-cashew-senegal

This funding from the African Development Bank (ADB) will be granted in Burkina Faso is part of the project to support the development of cashew in the basin of the Caloé, on behalf of the REDD + program (PADA / REDD).
The signing of the grant agreement protocol and a loan agreement of over 2.28 billion FCFA should occur this Friday, March 24 between the Burkina Faso Minister of Finance Hadizatou Rosine Coulibaly and Antoinette Batumubwira, the resident representative of the Bank African Development (AfDB) in Burkina Faso.

According to the Burkinabe Ministry of Finance, the project objective PADA / REDD + with a target date of execution runs until 2022, is two-fold: to contribute to poverty reduction in rural areas, to reduce deforestation and the reduction of emissions of greenhouse gases, cashew being a carbon sequestration capacity plant.
Source: http://www.financialafrik.com/2017/03/24/burkina-faso-la-bad-va-accorder-plus-de-2-milliards-de-fcfa-pour-la-filiere-anacarde/#.WNhptlWGPIU