Tuesday, December 10, 2013
HA NOI (VNS) — The cashew industry, during the first 11 months of 2013, reached its yearly target of US$1.5 billion in exports, according to the Ministry and Agriculture and Rural Development.
According to officials, during the first 11 months of 2013 the industry achieved a year-on-year increase of 17 per cent in export volume of 238,000 tonnes of cashews and 10.1 per cent increase in value to $1.48 billion.
Recently, the Viet Nam Cashew Association increased its forecast for the export value of cashews from $1.5 billion to $1.7-1.8 billion for this year.
Nguyen Duc Thanh, the association chairman, said the industry has achieved great export results and, in November, many businesses signed export contracts to be fulfilled during the first half of 2014 with export prices up 5 per cent compared to last month.
Viet Nam has been the largest cashew exporters since 2009, with 300 exporters to export cashew products to 100 countries and territories throughout the world.
The three largest export markets for Vietnamese cashews include the US, China and the Netherlands, accounting for 33.2 per cent, 17.2 per cent and 9.9 per cent of total cashew exports, respectively.
To gain positive growth in exports during the past months, even while there are difficulties on world markets, businesses have focused on traditional export markets, such as the US, European countries, China and Australia, and also expanded export markets to the Middle East, Northern Asian and ASEAN countries.
Thanh said that in the past one to two years, Viet Nam processed 1 million tonnes of raw cashews per year, including 600,000 tonnes from domestic crops and imports of 400,000 tonnes from Cambodia, Laos, Indonesia and Western African countries.
To make up for the lack of raw cashews, the industry has promoted the use of modern technology for processing export products to increase added value for cashews, Thanh said.
At the international customer conference in HCM City at the end of November, the association signed a memorandum of understanding (MoU) with the Ivory Coast Cashew Exporters Association (AEC-CI), Benin Cashew Exporters Council (CoNEC Benin) and Nigerian Cashew Association (NCAN), to receive raw cashews for export processing.
According to the association, many raw cashew exporters in Africa, such as the Ivory Coast, Guinea Bissau and Nigeria, have called upon Vietnamese cashew export processors to invest in cashew processing technologies in those countries.
The countries have had tax exemptions and given priorities to the price of buying raw materials for businesses that put technological investments into processing cashews within those countries.
Meanwhile, some Vietnamese enterprises have transferred equipment and technology to businesses in those countries. — VNS
Monday, December 2, 2013
Cashew nut production in Mozambique this year may not reach the forecast of 95,000 tons due to a number of factors whose real impact is still difficult to determine, said the director of the National Cashew Institute (INCAJU), Filomena Maiópuè.
Cited by daily newspaper Notícias, Maiopué noted factors such as disease, climate change and political and military tension as possibly having a negative effect on the 2013/14 season.
Noting that in the north of the country, particularly in the provinces of Nampula and Cabo Delgado, the weather in the last few periods of blossoming and fruiting of the plants were not favourable, but she said that if there was a drop in production it would not be drastic and was not expected to fall below 90,000 tons.
In the central region, mainly in Sofala province, the situation was different as there are a lot of cashew nuts and producers and rural workers are now harvesting them. In Zambézia province the situation is better than in the previous season.
In the south, specifically in Inhambane and Gaza province, the situation is very good, Maiopué said, adding that by February “we will have a precise idea about what will happen to production overall.”
Saturday, November 30, 2013
Cashew nuts have become a global industry, yet small-scale farmers in Ghana are battling to get a fair return for their work.
THE Kristo Buase monastery, deep in the Brong Ahafo region, is the largest cashew plantation in central Ghana. The 48,000kg of cashew nuts it produces each year are sold to a major company, which then processes and exports them to the burgeoning European, the United States and Asian markets.
“Cashew has become one of the main cash crops in the region,” says Brother Patrick Obeng-Nketiah, 69. “As a community, we need to have something to feed ourselves, to be independent, and cashew is a good business.”
Every January, the monastery’s handful of full-time staff is boosted by dozens of local casual workers, who come to pick the cashew windfalls, separating the nut from the fruit.
“Picking the cashew is a lot of work,” says Obeng-Nketiah. “We hire young people from the local area to do the picking. We pay them per kilo picked – for every 10 kilos they collect, we give them the value of one kilo.”
The recruitment of children in cashew harvesting is widespread, industry insiders say, although they are quick to point out that the work is usually done after school, when many kids follow their parents to collect cashew windfalls off the ground during harvesting season.
“You do see children picking cashew,” says Mary Adzanyo, director for private sector development of the African Cashew Initiative (ACI), a programme receiving funding from Bill and Melinda Gates and the German government to increase productivity in cashew growing and processing in Africa.
“But for me, if a child follows a mother to pick up the fruits from the ground, this is not a dangerous task. Cashew is harvested before the rains – it comes at a time when there is no other crop being harvested, and farmers are able to use the money from selling cashew to produce their other crops, like maize and sorghum. The profits are used to pay school fees. So it is a good source of income.”
There is growing scrutiny of the conditions in which cashew nuts are picked in Africa, the world’s largest grower of the crop. An estimated 2 million growers produce half the global supply. Among them is Yaw Gbogbolo, 56, who owns a 19-acre farm in a heavily forested valley near Nsawam. He says when the annual cashew harvest comes around, the only labourers he can find are children.
“During the harvest season, school children from the local village come to pick the nuts on the weekends,” he adds. “The adults aren’t interested in doing it – the money is not attractive enough for them.”
Gbogbolo began growing cashew in 2004 under a government programme to promote production of the crop. He sells for about one Ghanaian cedi (RM1.50) a kilo to a trader in Accra, who he believes passes it on to processing companies for approximately double the price. He is typical of the small cashew farmers in Ghana.
“We don’t have large-scale producers of cashew, and trying to network the marketing of cashew nuts here is a problem,” says Daniel Nartey, regional crop production officer for Ghana’s ministry of food and agriculture.
“The farmers who have the fields may be able to collect their small quantities of nuts, (but) they don’t know where to sell, because no commercial buyer is interested in going round getting very small amounts of cashew. There have been some attempts to create associations in this part of Ghana, but so far it has not worked – the groups were not very viable.”
Gbogbolo is yet to make a significant income from his cashews. The annual return for his entire crop – about 480 cedis (RM720) – is less than the 700 cedis (RM1,050) he pays the landlord each year to lease the land. But he hopes for better returns in the future.
“I planted these cashew trees in 2004, and they are still maturing,” he says. “The yield should improve as they reach maturity. Now I live on my other cash crops, but I hope the cashew will keep me going as I get into old age. It’s an easy crop to look after and the work of harvesting it is not labourious.”
Cashew farmers are not alone in hoping the crop will yield increasing returns. The growing popularity of African nuts has been luring companies from Brazil, India and beyond. Usibras Ghana, the offshot of the major Brazilian supplier Usibras, is a case in point. The company buys about 40,000 tonnes of cashew nuts annually from west African countries including Ghana, Ivory Coast, Benin, Burkina Faso and Mali.
Like many companies that supply cashews to retailers in Europe and the US, Usibras used to buy raw nuts from west Africa and export them for processing. Now, however, the firm – in line with a growing trend – is building a processing factory in Ghana, which will create up to 2,000 permanent jobs when it opens next year.
“In Brazil, my labour costs are higher,” says Tarciso Falcao, the director of Usibras Ghana.
“Ghana has the political and economic stability, and the infrastructure. I also see some potential to develop processed cashews for the local African markets.”
“Processing in Africa has tripled since 2006 . . . to 105,000 metric tonnes,” says Xenia Defontaine of the African Cashew Alliance (ACA). “Ghana is processing 50% of all the nuts it produces, and if its four biggest processing companies were operating at full capacity, it could process 100%.”
West Africa, where 80% of the continent’s cashew nuts are grown, processes only 5-6% of its cashew output. Finance is a major obstacle, with interest rates for loans as high as 30%.
This has led to the dominance of foreign processing firms such as Olam and Rajkumar.
To boost transparency, the ACA launched a seal programme last year - a stamp endorsing food safety and labour standards. So far, only a handful of companies have signed up. “We hope,” says Falcao, “the seal will approve all the factories in Africa; this is just the beginning.”
Saturday, November 16, 2013
NEW DELHI, NOV 16:
Cashew prices rose by Rs 5 per kg in the national capital on Saturday on increased buying by retailers and stockists to meet ongoing marriage and seasonal demand amid paucity of stocks. Fall in supplies from growing regions also supported the uptrend.
Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 5 each to conclude at at Rs 880-910, Rs 780-810 Rs 640-660 and Rs 540-600 per kg, respectively.
Marketmen said increased buying by retailers and stockists against tight supplies from growing regions, mainly pushed up cashew prices to rise on the wholesale dry fruit market here.
The following are today’s quotations (per 40 kg): Almond (California) Rs 17,400 Almond (Gurbandi-new) Rs 8,100-8,500; Almond (Girdhi) Rs 4,100-4,500; Abjosh Afghani Rs 8,000-25,000.
Almond Kernel (California-new) Rs 600-630 per kg, Almond Kernel (Gurbandi-new) Rs 470-500 per kg.
Source: THe Hindu
Friday, November 8, 2013
NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today largely on the back of subdued demand from retailers and stockists.
Sufficient stocks position following increased arrivals from producing belts also weighed on cashew prices.
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 845-945, Rs 775-845, Rs 645-695 and Rs 595-640 per kg, respectively.
Marketmen said fall in demand from retailers and stockists amid adequate stocks mainly led to fall in cashew kernel prices at the wholesale dry fruit market here.
The following are today's quotations (per 40 kg): Almond (California) Rs 16,800 Almond (Gurbandi-new) Rs 8,200-8,600; Almond (Girdhi) Rs 4,300-4,700; Abjosh Afghani Rs 10,000-25,000.
Almond Kernel (California-new) Rs 595-610 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.
Source: India Times
GOVERNMENT in collaboration with Consolidated Holdings Corporation (CHC) is proposing measures to be taken against investors who have failed to develop cashew nut processing companies.
Deputy Minister for Agriculture, Food and Cooperatives, Mr Adam Malima said companies handed over to investors both local and foreign that were not performing will be taken back.
Mr Malima was responding to a question raised by Mr Masoud Abdallah Salim (Mtambile-CUF), who demanded to know what steps government was taking against investors who were supposed to operate cashew nut processing factories in Lindi and Mtwara.
Mr Salim said that despite taking over the factories, investors have failed to operate them thus causing more cashew nuts from the country being exported raw denying government billions of shillings in revenue.
What plans does government have for these companies,” Mr Salim asked. Responding, Mr Malima said that most of the investors failed to operate the cashew nut processing factories due to challenges including increased operational costs, lack of reliable power supply and unskilled labour coupled with outdated technology.
He said that according to previous proposals so far reached by the ministry it was suggested that any company that went unproductive for certain period of time had to be taken back by government and issued to another strategic investor who is too economically strong to operate.
The deputy minister said government was doing all it could to ensure that all cashew nut processing factories in the country operate at full capacity to increase productivity and offer more employment opportunities to Tanzanian youth.
PRIVATE Agriculture Sector Support Trust (PASS Trust) has reaffirmed its resolve to continue supporting cashew nut farming to reduce poverty in southern regions.
PASS Trust Managing Director, Mr Iddy Lujina, told journalists during the cashew nut stakeholders conference held in Dar es Salaam recently that cashew nut farming is one of the sub sectors that need priority in developing it.
"We have vowed to see that the sub sector develops," he said, adding that PASS has already started to help farmers and other stakeholders.
Regions producing cashew nut in Tanzania include Lindi, Mtwara, Coast Region and Ruvuma especially Tunduru District. He said that up to now they have helped farmers from those regions to buy subsidies; purchasing lorries for transportation and buying tractors for farming.
He emphasised the need to support farmers in the country considering a majority number of people depending on the sector direct and indirectly.
"The market for cashew nut is huge...there is a need to support the sub sector," he said. He explained that PASS Trust is helping the sub sector to compliment government's efforts in developing cashew industry in Tanzania.
"The government's efforts toward attaining middle income status should go hand in hand with supporting agriculture sector," he said.
In 2011 PASS facilitated about 11,000 farmers to access loans worth 22bn/- from commercial banks through its business development services and credit guarantees and the loans reached 30bn/- last year.
To date PASS Trust have branches in Morogoro for the central zone, Mbeya for South western zone, Dar es Salaam for the coastal regions, Mwanza for the lake Zone, Moshi branch covering Northern Zone and Mtwara covering south eastern Zone.
The Trust has supported over 100,000 farmers to access credit to the tune of 120bn/- in the past ten years and its new 5 year programme aims to support 300,000 farmers to access loans worth 290bn/-.
THE current demand for local cashew nuts is pegged at 50,000 tonnes which could lead to a possible revenue of K200 million but local producers are unable to meet that, Western Cashew Industries Limited has said.
Company managing director Moses Shimbilimbili said Zambia needs to put in place measures that will help meet the 50,000-tonne demand to earn more than K200 million.
He explained that 500,000 tonnes of cashew nuts would translate into more than K200 million and more than 10,000 job opportunities.
“You must understand that 50,000 tonnes translate in to K200 million and over 10,000 employment opportunities and 100,000 farmers will also benefit,” he said.
In an interview in Mongu yesterday, Mr Shimbilimbili said to tap into the opportunities, huge investment was needed to support the demand and growth of the industry.
“What we are saying is that Government had abandoned the industry in the past but has now responded positively and we are happy.
What we are doing now is to harness the response and we have developed another five-year plan to highlight the needs of the farmers, the processors and the Government’s interest,” he said.
Mr Shimbilimbili said the plan would support the growth of the industry and be able to meet the market demand of 50,000 tonnes.
Tuesday, November 5, 2013
KOCHI, NOV. 5:
The domestic cashew market has been quiet over the past fortnight. Sales for festival season were reasonable.
“We should see some activity by middle of November for inventory replenishment and the beginning of the marriage season,” said Pankaj Sampath, a Mumbai-based dealer.
The range of cashew prices last week was W240 from $3.70-3.85, W320 $3.20-3.30, W450 and SW320 $2.95-3.05, splits $2.20-2.30 and pieces $1.45-1.55 for an lb (f.o.b).
The cashew market has been ruling steady since last month with W320 trading in the $3.15-3.30 f.o.b range. By middle of October, most of the lower offers for W240 and W320 were taken out. During September and October, good volume was traded at the lower and middle of the range for shipments up to December, Sampath told Business Line. Some business was done at higher end of the range for shipments up to March-April 2014 and scattered business for later positions as well.
RCN market started moving up slowly from middle of September and seems to have moved to unrealistically high levels in the last two weeks. About 12,000 tonnes have been sold in the first two Tanzania auctions at prices which are about 10 per cent higher than present kernel market. Since there is not much kernel demand at higher levels, it is difficult to understand such high RCN prices.
During the last 12 months, kernel market has been moving in $3.20-3.40 range (except for the recent short lived drop to 3.05-3.20 range). Whenever the market has come close to the bottom of the range, selling interest has been limited to few processors for limited quantities for nearbys.The general feeling is that the current price range is comfortable, especially because prices of almost all other nuts are higher. This should mean more interest and steady demand for cashews. If the trend of regular buying for small tranches for short spreads continues, there may not be any big move in prices. But if buyers need to buy larger volumes for longer spreads, processors will not be able to take on commitments unless they get a reasonable premium because prices are already close to low end of the range of last four years.
If the current trend continues and if the kernel market does not move beyond the $3.40 level, processors will find it difficult to buy raw cashew from Tanzania at the current levels which are about 10 per cent higher than present kernel prices. They will probably limit their buying to whatever they need to keep factories running till the large Northern crops start in April. But if they are able to sell kernels in the next few weeks at higher level, it is quite possible that raw cashew buying will continue and 2014 season may begin with high prices.
Source: The Hindu
PANAJI: The Indian Council of Agricultural Research, Old Goa, (ICAR) is carrying out field trials with a new product, sealer-cum-healer developed by the Indian Institute of Horticulture Research (IIHR), Bengaluru, for the management of a vexing pest, cashew stem and root borer CSRB).
The pest is considered a serious one, severely affecting cashew plantations in the state. The pest quietly grows inside the tree trunk and strikes when the cashew tree starts yielding fruit. The tree withers and dies, ICAR sources said.
A field demonstration was held by IIHR and ICAR officials at Bharsa, Gaondongorim, for the benefit of cashew growers recently.
ICAR Old Goa director N P Singh and Maruthadurai, entomology scientist explained how the pest can be managed by using sealer-cum-healer.
"This area in Canacona has rampant incidence of the pest," an ICAR source said.
The new product is primarily used for management of pests in coffee and mango crops. "But we are holding trials to see if it works in managing cashew stem and root borer," the source added.
The ICAR scientists will monitor the trials periodically to check if there is recurrence of the pest.
The new product has been demonstrated effectively at the directorate of cashew research, Puttur, Karnataka and regional centre of TNAU at Virudhachalam, Tamil Nadu. The product contains essential micronutrients and herbal drugs which initiate the regrowth of the damaged tissue.
More trials are planned in other areas to create awareness among farmers about the silent killer.
Source: India Times
Saturday, October 26, 2013
RANCHI: With the prospects of cashew cultivation growing in the state, the horticulture department is now planning to cash in on its byproducts this time. Within few years, the state will not just grow cashew nuts but also cashew apple juice, jam, jelly and vinegar.
Director of horticulture department, Jharkhand, Prabhakar Singh said, "Earlier cashew cultivation was restricted to three districts in the state, however, in the last few years, we have extended its production to 10 districts. Cashew is cultivated across 16,000 hectares in the state at present."
At present, five processing units have been installed across the state. However, as the cashew cultivation gains pace, the department is planning to expand the business here.
Singh said, "At present only the nut is cultivated in the state while the cashew apple gets wasted. We plan to utilize this cashew apple to produce juice, jam, jelly and vinegar. However it is a time taking process and might take around two to three years to surface."
According to Singh, cashing in on cashew by-products will also increase state revenue and increase job opportunities. "Residents of Jharkhand migrate to other states as they are unable to find a proper job for themselves here. Once the cashew industry flourishes we will try to rope in as many people as possible," he said.
The department is also planning to solve the problem of waste land in Jharkhand by converting them in cultivation land. Singh said, "Jharkhand has around eight lakh hectares of barren land. We are planning to utilize at least one lakh hectare for cashew cultivation."
Source: India Times
Friday, October 25, 2013
NEW DELHI: Cashew prices rose by Rs 10 per kg in the national capital today largely on the back of fresh buying by retailers and stockists to meet festive season demand.
Tight supplies from growing regions also supported the upside in prices.
Cashew kernel No 180, No 210, No 240 and No 320 rose by Rs 10 each to conclude at at Rs 845-970, Rs 785-865 Rs 655-715 and Rs 600-665 per kg, respectively.
Marketmen said increased buying by retailers and stockists against tight supplies from growing regions mainly pushed up cashew prices to rise on the wholesale dry fruit market.
Source: India Times
HANOI, Oct 25 (Bernama) -- With an increasing demand for cashew in the global market, Vietnam expects a higher export volume this year, to reach US$1.8 billion, Vietnam News Agency (VNA) reported.
According to the Vietnam Cashew Association (Vinacas), the country exported 212,000 tonnes of cashew worth US$1.3 billion in the first nine months of the year.
The average FOB export price in the period was US$6,200 a tonne. The price was rather low in the first two quarters of the year, but since August it has gone up to US$7,600 a tonne.
The United States, China and the Netherlands were the three largest markets during the period, the association said.
Nguyen Duc Thanh, Vinacas chairman, said that export prices might rise by year-end.
Last year, export volumes were 220,000 tonnes. This year, they are expected to be 200,000-250,000 tonnes.
Total export revenue of more than US$4 billion is predicted for the 2013-2015 period. The export ratio of processed cashew is expected to rise in the coming years.
To fulfil the target, the industry must import an average of 300,000-400,000 tonnes of raw cashew a year, according to the association.
The challenge for the industry is the shortage of raw materials as domestic production meets only 50 per cent of processing capacity, it said.
In addition, Vietnam's cashew productivity is about 0.7-0.8 tonne per hectare, rather low compared to other countries.
High-quality cashew seedlings that will raise yields should be created.
The association has urged its members to invest more in technology to address the labour shortage, increase productivity and safety of cashew products, and reduce production costs.
Wednesday, October 23, 2013
NEW DELHI: Cashew prices fell by Rs 5 per kg in the national capital today largely due to subdued demand from retailers and stockists at existing higher levels.
Sufficient stocks position following increased arrivals from producing belts also weighed on the cashew prices.
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 5 each to settle at Rs 835-960, Rs 775-855, Rs 645-705 and Rs 590-655 per kg, respectively.
Marketmen said fall in demand from retailers and stockists against adequate stocks mainly led to the fall in cashew kernel prices on the wholesale dry fruit market here.
The following are today's quotations (per 40 kg): Almond (California) Rs 17,400 Almond (Gurbandi-new) Rs 8,500-8,900; Almond (Girdhi) Rs 5,100-5,600; Abjosh Afghani Rs 12,000-24,000.
Almond Kernel (California-new) Rs 605-630 per kg, Almond Kernel (Gurbandi-new) Rs 500-550 per kg.
Source": India Times
Tuesday, October 22, 2013
From 2014 onwards cashew nuts will be allocated a benchmark sale price in Mozambique, the director of the National Cashew Institute (Incaju), Filomena Maiópuè said recently in Nampula.
Setting a price is intended to encourage producers and is expected to have an impact on production levels and the quality of the product across the country.
Maiopué said that Incaju was drawing up a proposal to review current cashew sales regulations, which have been in place for around 10 years. This process also involves other partners, such as the Association of Cashew Industrialists (Aicaju).
The director of Incaju said it would be possible to achieve consensus on the review by the beginning of 2014, after which it would be sent to the technical council of the Agriculture Ministry for assessment and then be sent on to the Council of Ministers for approval.
“Cashew nut producers will be better off through the allocation of a fair price to their product and this move by Incaju is an effort to reduce poverty in rural areas,” said Maiopué.