Tuesday, October 21, 2014

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With 98% cashew apple going to waste, traders look for alternative use

  • Tuesday, October 21, 2014
  • Thùy Miên
  • The Karnataka Cashew Manufacturers’ Association (KCMA) has said that it is ready accept the challenge posed by the Prime Minister Narendra Modi on the better utilisation of the cashew apple. It has requested the Prime Minister to constitute a task force with members from industry and research bodies to find viable alternatives on utilisation of cashew apples.

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    In a letter to the Prime Minister, Bola Rahul Kamath, President of KCMA, said that the association would like to take up the challenge posed by the Prime Minister on the proper utilisation of cashew apple on public-private partnership model during his recent visit to Tumkur.
    “We are buying raw cashewnuts from farmers, and are ready to buy even cashew apples from them and put them to proper use,” he said.
    Out of the 4 million tonnes of cashew apples produced in the country, 98 per cent is wasted. Stating that Goa allows distillation to make cashew fenny, he said the laws in other States do not allow such distillation.
    The production of juice from cashew apples opens up a lot of logistical challenges, he said, and expressed doubts about the viability of projects such as production of bio-diesel from cashew apple.
    Kamath suggested that a task force be appointed with representatives from industry and research institutes to identify the viable alternatives on utilisation of cashew apples. Proper utilisation of cashew apples will have many benefits, as it will increase income of farmers and make cashew cultivation more viable.
    The increase in raw cashew production will help cashew industry to expand and generate more jobs in rural India, he said.
    KCMA is ready to take the tasks assigned to it in this respect, he added.
    Source: thehindubusinessline.com

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    Nigeria: Cashew farmers want government to serve as buying agent

  • Thùy Miên
  • THE Cashew Farmers Association of Nigeria, Oyo State Chapter, on Tuesday appealed to the government to assist farmers in selling and exporting of cashew nuts, in order to avoid post-harvest losses.

    Mr Sodiq Adebayo, the association’s chairman told the News Agency of Nigeria (NAN) in Lagos, that sourcing for market for harvested produce had been a major challenge to cashew farmers.

    clip_image001Adebayo also appealed to the government to serve as buying agent to ensure the exportation of the commodity.

    ``We are appealing to Oyo State Government to create a medium where local farmers can sell directly to government agents at a regulated price to ensure price stability in the international market.

    ``The Ministry of Agriculture owns farmland in Eruwa and Iseyin, where cashew is grown, but the production from these farms is not enough for exportation.

    ``So, we want government to buy from local farmers to have large quantity for exportation.

    ``Farmers usually sell to private agents at unregulated price, which leads to loss of profit to farmers most time;  we sell to them at about N72,000 per tonne,” the chairman said.

    He said that the association’s production capacity for the previous harvest season in February was 466,000 metric tonnes, compared to 452,000 tonnes in 2013.(NAN)

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    Thursday, October 16, 2014

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    Power crisis hits cashew production

  • Thursday, October 16, 2014
  • Thùy Miên
  • Srikakulam: Palasa and Uddanam areas are famous for cashew crops and production in Srikakulam which are affected by Hudhud cyclone and subsequent power crisis.
    In every acre about six bags (80 kgs) of cashew are being produced. In total, 430 cashew processing units are present in Palasa, Kasibugga and its surrounding areas.

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    Cashew plants in 3,000 acres in all 11 mandals were damaged and power crisis hit the industry hard.
    In over 430 cashew units more than 2,000 bags of cashew was being produced from raw cashew nuts, but it has stopped due to the cyclone and power crisis.
    Raw cashew nuts are being imported in processing units at Palasa from Ivory Coast, Tanzania, Gambia, Nigeria and other countries, but due to power crisis the cashew nuts import has stopped. “To run boilers and heat houses in processing units, power is essential and we are unable to maintain high capacity generators. We closed units six days ago due to which we lost production worth about Rs 10 crore,” said Palasa cashew manufacturers association (PCMA), secretary, M. Suresh Kumar.
    In total 22,000 persons are working in the processing units and they have lost their jobs, said cashew workers union (CWU) secretary, A. Krishnamurhty.
    Phailin and Hudhud cyclones created huge loss to cashew farmers and the industry and if the Government does not provide relief to cashew farming, manufacturing may lose its identity, opined Cashew Farmers Association president, B. HemanthaRao.

    - deccanchronicle.com

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    Raw cashew price hurts exports

  • Thùy Miên
  • KOCHI: Country's exports of processed cashew nuts were down 10% during the period between April and September, hurt by continuing price increase for raw cashew nuts.
    clip_image001According to the figures from Cashew Export Promotion Council of India (CEPCI), export of cashew kernels declined to 55,471 tonnes from 61,866 tonnes in the comparable period of the previous year. "With the raw material prices up, the exporters here find it impossible to match the global prices of processed cashew nut," said K Sasi Varma, executive director and secretary,CEPCI.
    Babu Oommen, owner of Alphonsa Cashew Industries, Kollam, said that cost and freight prices of raw cashew nut from Africa were in the range $1,500 - $ 1,600 per tonne during the current season. "Tanzania, Mozambique and Madagascar are the major producers from this region, but factories in Kerala could operate profitably only with a cost and freight price level of $1,200 per tonne," he said.

    As the prices at traditional export markets like the US and western Europe are remaining stagnant, CEPCI is targeting non-traditional markets like the Middle East. CEPCI is also attending the Sial food trade show at Paris. Fifteen exporters from India will be attending the show this month.

    - India Times

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    PM urged to set up taskforce to explore use of cashew apples

  • Thùy Miên
  • The Karnataka Cashew Merchants’ Association has said that it is ready to buy cashew apples, 98 per cent of which go unutilised in the State, from farmers and make proper utilisation through public-private partnership (PPP).

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    Responding to Prime Minister Narendra Modi’s call for optimum utilisation of cashew products, the association has, in a letter to Mr. Modi, suggested that a taskforce be set up for the purpose. The taskforce may comprise members in the industry as well as research institutes to identify viable alternatives on utilising cashew apples, it said.

    Association president Bola Rahul Kamath said that many organisations, including the Directorate of Cashew Nut and Coca Development, the Karnataka Cashew Development Corporation, the Directorate of Cashew Research, are engaged in research activities.

    Unfortunately, the industry is not made aware of the research results thereby hampering proper utilisation of cashew apples, he said. Goa is the only State that has allowed distillation of cashew apples to produce fenny whereas laws in other States are not favourable to this.

    Mr. Kamath said that about 40 lakh tonnes of cashew apple are produced in the country, 98 per cent of which go unutilised. Attempts to make juice out of these apples and produce bio-fuel have not yielded the desirable results. Hence there is a need for a comprehensive approach to the issue.

    The move would definitely boost the income of farmers and encourage others to take up cashew cultivation at a time when India is importing about 8 lakh tonnes of raw cashew, Mr. Kamath said. It would also help the cashew industry to expand its base and provide employment to more people, he added.

    - The Hindu

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    Tuesday, October 7, 2014

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    Nigeria Seeks to Diversify Economy With Cashew Exports

  • Tuesday, October 7, 2014
  • Thùy Miên
  • The Nigerian government says it is determined to diversify the country's economic base from oil and gas resources by collaborating with international agencies to boost its capacity to earn more foreign exchange from cashew exports.

    At the moment, the Nigerian Export Promotion Council, NEPC, the Federal Government agency in charge of the policies and programmes to promote export of the country's cash crops, said its mutual collaboration with United States Agency for International Development, USAID, and the Nigerian Expanded Transport and Trade, NEXTT, has

    yielded huge benefits to the economy.

    clip_image001According to NEPC Chief Executive Officer, Olusegun Awolowo, the USAID/NEXTT collaboration with the Council and African Cashew Alliance, ACA, to process only 50 per cent of country's cashew would create over 8,500 new jobs and inject a positive multiplier effect of over N2 billion (about $11million) in the 11million country's rural economy.

    Mr. Awolowo was convinced the partnership of the NEPC with development agencies and international stakeholders would increase the market linkages for cashew nuts and kernel exporters, especially as value-added cashew export was in growing demand the world over.

    As part of the effort to strengthen the collaboration and grow the country's cashew export capacity, a select group of players in the country's non-oil export sector are coming together in Lagos on Wednesday to share ideas on the way forward for the export of agricultural products.

    Organised by USAID in conjunction with NEXTT and NEPC, the forum would provide the opportunity of the players to finalize prepared Cashew Export Promotion Strategy designed to help boost the cashew industry's contribution to Nigeria's non-oil exports through value-addition, quality improvement and market development.

    USAID Chief of Party, Alf Monaghan, said the involvement of the ACA in the development of strategies to export cashew would add real value to the sector.

    "ACA as an international business Association with more than 200 members in 46 countries worldwide can make significant contributions to the achievement of the strategy in support of Nigerian cashew exports," Mr. Monaghan said.

    He said some of the challenges the country's cashew industry has been facing as a result of fragmented value chain including the poor quality of the nuts and their low ability to peel, which make the commodity to be discounted at the international market.

    Early this year, a Memorandum of Understanding (MOU) was signed between USAID/NEXTT and NEPC to develop an implementable Cashew Export Strategy as a tool to grow the crop as a boost to the Nigerian economy - through additional income, wealth and job creation.

    - allafrica.com

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    Saturday, October 4, 2014

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    Vietnam Cashew Association Predicts Rise In Cashew Nut Price In 2015

  • Saturday, October 4, 2014
  • Thùy Miên
  • HO CHI MINH CITY, Oct 3 (Bernama) -- The Vietnam Cashew Association (Vinacas) has forecast an increase in the price of raw cashew nuts next year due to growing demand for export and processing purposes, Vietnam News Agency (VNA) reported.

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    Vinacas called on domestic cashew businesses to ensure quality control and sticking to delivery dates, and for producers to use sound cultivation techniques to improve quality of nuts.
    During the first eight months of this year, export volume for processed cashew nuts reached 198,743 tonnes worth US$1.29 billion.
    The figure represents a rise of 20.2 per cent in volume and 21.5 per cent in value compared to the same period last year.
    Vietnam has 338 cashew nut processors which export their products to more than 80 countries and territories worldwide.
    The US, China and the Netherlands are Vietnam's largest importers of cashew nuts.
    Cashew nut exports earned US$1.8 billion in revenue last year.
    -- BERNAMA

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    Monday, September 29, 2014

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    UNIDO's cashew nuts processing, export manuals will boost sector performance, says Trade Minister

  • Monday, September 29, 2014
  • Thùy Miên
  • The Cashew nuts Processing and Simplified Export Manuals by United Nations Industrial Development Organisation (UNIDO) will significantly boost the sector’s performance, Industry and Trade Minister Dr Abdallah Kigoda has reassured stakeholders and farmers.

    Speaking at the official launch of the manual over the weekend in Dar es Salaam, the minister said, following the manual will systematize increased productivity and sustain growth of the sector.

    clip_image001“It will create employment, generate income and contribute to government’s earnings,” he emphasized.

    Dr Kigoda described the manual as ‘one of the few commendable innovations in the cashew value chain.’

    “The manual ensures resource optimization…processing of cashew apple also means improving nutrition since the apple is very rich in vitamin C…this is expansion of the value chains,” he explained.

    Dr Kigoda who is also the Handeni lawmaker said rurall communities that produce the crop stand to gain the most from the multiple benefits in the production of cashew nuts.

    “The The Cashew nuts Processing and Simplified Export Manuals also contains important and necessary information to guide investment and operations in the production and trading of cashew nut and related products,” noted the Industry and Trade Minister.

    “It guides on how our SMEs can be supported with the information related they need particularly in the access of international markets…a key aspect that SMEs have until now not being able to secure,” the minister went on to say.

    “As SMEs access the international markets, they can expect to get better competitive prices, and their exposure to these competitive environments will stimulate innovativeness and creative thinking that are very important ingredients for their survival in the market,” Dr Kigoda said.

    “This is in line with National and Sector Specific Policies which aim at boosting the agricultural sector that is the main source of income for livelihoods of over 70 per cent of Tanzanians residing in the rural areas,” the minister detailed.

    He said the manual compliments the country’s long term development plans which advocate for resource based industrialization as a driver for the social economic transformation.

    “It is also in line with the Kilimo Kwanza initiative geared at improving production and value addition to crops,” Dr Kigoda added.

    He reiterated that the government conceives industrialization as the main catalyst to transform the economy, generate sustainable growth and reduce poverty.

    “These industrial policies are the government’s measures aimed at improving competiveness and capabilities of domestic manufacturing firms and promoting structural transformations,” he said.

    SOURCE: THE GUARDIAN

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    Saturday, September 27, 2014

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    Tanzania: Farmers turn to cashew nuts to boost earnings

  • Saturday, September 27, 2014
  • Thùy Miên
  • The Handeni District in Tanga Region is introducing simsim (sesame) and cashewnut as alternative cash crops to boost farmers earnings, the Minister for Industry and Trade, Abdallah Kigoda has said.

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    Kigoda, also a Member of Parliament for Handeni constituency, said at a public rally that maize farming, which has been relied for many years as both food and cash crop, has faced many challenges.
    "For many years farmers have relied on maize as their food and cash crop but its cultivation has faced a lot of challenges although harvests in the previous season were good," he said at the rally organised following a tour of the ruling party CCM Secretary General , Abdulrahman Kinana.
    The CCM leader is in a tour of Tanga Region to inspect implementation of promises of the ruling CCM election manifesto in nine constituencies of the region.
    The Industry and Trade Minister said the government was planning to supply electricity in Handeni villages to stimulate economic activities and foster social and economic development.
    He said they were negotiating with TANROADS to use buildings left after road construction as an institute of vocational education training for students who complete primary and secondary education.
    Meanwhile, Mr Kigoda said they would send application to relevant authorities to consider upgrading the status of Handeni District to a region.

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    Thursday, September 25, 2014

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    Cashew council elects members

  • Thursday, September 25, 2014
  • Thùy Miên
  • KOCHI, SEPTEMBER 25: 

    TK Shahal Hassan Musaliar of TKM Agro Ltd, Coimbatore has been unanimously re-elected as the Chairman of the Cashew Export Promotion Council of India. P Sundaran of Sreelekshmi Cashew Company, Kollam was also unanimously re-elected as the Vice-Chairman. This is Musaliar’s eight term as Chairman of the Council.

    - The Hindu

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    Cashew exports decline on surging raw nut prices

  • Thùy Miên
  • KOCHI, SEPTEMBER 24: 

    Export of cashew kernels continued to show a declining trend while the domestic demand has witnessed an upsurge, of late.

    Shipments of cashew during April-August 2014 fell to 46,240 tonnes valued at Rs2,031.05 crore from 52,771 tonnes valued at Rs2,120.04 crore during the corresponding period last year, according to Cashew Export Promotion Council of India (CEPCI) sources.

    Divine Organics Raw CashewsThe unit value during the current fiscal stood at Rs439.24 a kg against Rs401.74 last fiscal, he said. So far during the current fiscal there has been a decline in exports of cashew kernels and allied products, K Sasi Varma, Executive Director and Secretary, CEPCI, told Business Line.

    “High raw nut prices resulted in high kernel costs which makes it difficult to sell in overseas markets. Consequently, more quantities are sold to the domestic market,” he said.

    Export of salted and roasted kernels dropped to 488 tonnes valued at Rs18.99 crore at the unit value of Rs389.46 a kg from 842 tonnes valued at Rs30.40 crore at the unit value of Rs360.84 during the period under review last fiscal.

    Cashew nut shell liquid shipments also fell sharply to 3,095 tonnes worth Rs13.54 crore from 4,023 tonnes valued at Rs14.63 crore in the first five months of last year.

    Meanwhile, imports of raw cashew nuts (RCN) have soared to 5,79,215 tonnes valued at Rs3,799.71 crore at the unit value of Rs65.60 a kg during April-January 2014 from 4,86,574 tonnes valued at Rs2,638.01 crore at the unit value of Rs54.22.

    KA Retheesh, Managing Director, Cashew Development Corporation, said that Indian annual cashew exports used to be around 1.25 lakh tonnes from the organised sector which sells an equal quantity on the domestic market also. At the same time around 1.25-1.50 lakh tonnes of cashew kernels are marketed in the country by the unorganised sector. The demand is mainly for the pieces while wholes have also good demand. The peak demand season has started and it has already reflected on the prices which have gone up by 25 per cent, he said.

    The prices of wholes at present ranges between Rs800 and Rs1,000 a kg whereas in the international market the average price rules at around Rs440.

    During the season, RCN prices have gone up by $150-250 a tonne depending on the origin and quality. On an average, RCN prices in 2014 have been 15-20 per cent higher than 2013, Pankaj N Sampat, a Mumbai-based dealer said.

    The Hindu

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    Karnataka cashew manufacturers' body elects new president

  • Thùy Miên
  • MANGALORE, SEPT 24: 

    Bola Rahul Kamath of Bola Surendra Kamath & Sons has been elected President of Karnataka Cashew Manufacturers’ Association (KCMA) for 2014-15.

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    A press release by the association said here that he was elected as KCMA President at its 59th Annual General Meeting in Mangalore on Tuesday.

    Others office-bearers and committee members are: Krishnanath Mallar of Mallar Exports Pvt Ltd of Udupi (Vice-President), Santhosh D’Silva of Santhosh Cashews from Nitte (Treasurer), M Tukaram Prabhu of M Madhavaraya Prabhu of Mangalore (Secretary), and D Gopinath Kamath of Chithara Cashews from Vandar (Joint Secretary).

    Following members were elected to the Managing Committee: K Pramod Kamath, K Ganesh Kamath, B Rajendra Kini, H Sathish Pai, P Subraya Pai, KS Balram, Krishna KN, T Narayana Hegde, D Panduranga Kamath, Shivaprasad M, B Nagaraj Kamath and Srinivas Hegde.

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    Cashew rises on festive demand

  • Thùy Miên
  • Cashew prices rose by Rs 10 per kg in the national capital today on increased buying by retailers and stockists to meet upcoming "Navratras" and marriage season demand.
    clip_image001Further, tight stocks, following fall in supplies from growing regions also supported the uptrend.
    Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 10 each to conclude at Rs 830-840, Rs 725-735, Rs 660-690 and Rs 590-600 per kg, respectively.
    Marketmen said increased buying by retailers and stockists to meet 'Navratras' beginning tomorrow influenced cashew prices.
    Following are today's quotations (per 40 kg):
    Almond (California) Rs 19,800, Almond (Gurbandi-new) Rs 8,000-8,300; Almond (Girdhi) Rs 4,700-4,900; Abjosh Afghani Rs 18,000-23,000.
    Almond Kernel (California-new) Rs 685-695 per kg, Almond Kernel (Gurbandi-new) Rs 500-650 per kg.

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    Monday, September 22, 2014

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    Cashew stock lost in fire

  • Monday, September 22, 2014
  • Thùy Miên
  • In a fire in the early hours of Sunday, raw cashew stock worth about Rs. 7 lakh kept in a sorting unit owned by Thirugnanasambanda- murthy of South Sathipattu, near Panruti, was reduced to ashes.

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    On information, fire tenders were rushed to the spot from Panruti to put out the flames.

    The Kadampuliyur police are investigating the cause of the fire. — Special Correspondent

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    Friday, September 19, 2014

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    Cheap Vietnamese nuts shell indian cashew market

  • Friday, September 19, 2014
  • Thùy Miên
  • KOCHI: The local market has turned saviour for the domestic cashew industry, after Vietnam dented India's hopes in the global cashew market, through competitive pricing and aggressive marketing.
    Indian cashew has been out priced in the international market in the first five months of the current year.
    Predictably, Indian cashew export has shrunk 12% to 46,240 tonne in the April-August period. The export turnover at Rs 2,031 crore saw a comparatively lower decline at 4% as the unit price had gone up.
    clip_image001"We saw a record export last year with the US buying more Indian cashew. This time around, so far, the cashew kernel imports to the US from Vietnam have been 20% higher. The cashew crop in Vietnam was better and it has been selling aggressively in the global market,'' said Hari Krishnan R Nair, managing director of Western India Cashew Company.
    Vietnam's gain has been the Indian cashew market's loss. Vietnam has been able to offer competitive prices because of a comaparitively lower production cost. Indian cashew exports touched an all-time high of Rs 4,976 crore in 2013-14. But the increased demand from the local market has to an extent compensated for the setback in the global market. As the festival season approaches, sales have picked up. It is the cashew brokens that have been a big draw.
    "The price for a box of cashew (22.68 kg) is in the range of Rs 9,500, up Rs 1,500 over the same time last year. We expect good sales till Diwali. The current price matches the rate at which we imported the raw cashew,'' said P Somarajan, proprietor of Kailas Cashew Exports.
    India meets 50 to 60% of the cashew required for processing through import of raw cashew from Africa and Asia. Raw cash ew imports till the end of August have gone up by 19% to 579,215 tonne.
    The cashew season in West Africa is almost over and all eyes are on Indonesia, where the season has begun.
    "In the last 15 days, the export prospects have been looking up for India with a shortage looming in the world market. Even Vietnam does not seem to have enough raw cashew supply. India may be at an advantage here as it is well stocked for the next two to three months,'' said K Prakash Rao, managing partner of Kalbavi Cashews. He felt that India may catch up in exports in the coming months.
    Since Indonesia is the sole supplier, raw cashew prices have zoomed to $1,500 per tonne from around $1,000 in West Africa. India, too, may have to buy cashews at a higher price later.
    Hari Krishnan R Nair said that the Chinese president visiting India gives a golden opportunity for the country to press for removal of 10% duty on Indian cashew kernels in China. Cashew from Vietnam to China doesn't attract duty.

    - India Times

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