Wednesday, October 29, 2014

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Nigeria: Kogi Upgrades Cashew Warehouses for Storage

  • Wednesday, October 29, 2014
  • Thùy Miên
  • By John Akubo

    Lokoja — TOWARDS reducing post-harvest losses and wastages in the cashew industry, the Kogi State Government has started upgrading warehouses in the state to meet the standards for cashew handling.

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    The cashew handling centres have now been equipped with modern grading and quality assessment equipments, as post-harvest losses usually account for over 50 percent of total cashew production valued at $75 million.

    Governor Idris Wada disclosed at the cashew improvement training with the theme, "Promoting Cashew Sustainability in Kogi State," hosted by the government in collaboration with Colossus Investments Limited and the National Cashew Association of Nigeria that the state is the largest producer of cashew in the country, accounting for 40 percent of the nation's total commercial production.

    According to him, putting up the centres across the state will go a long way in tackling the storage problem usually encountered by farmers and provide the necessary drying platforms for the produce.

    When that is in place, he added, it would significantly reduce and eventually eliminate the problem of high moisture and lack of storage facilities that have plagued the sector for so long. He indicated that government's investment in the sector would further position the farmers and all stakeholders across the value chain to realize better returns.

    Wada further noted that the Memorandum of Understanding between the sate and the Central Bank of Nigeria (CBN) on the N2 billion loan for Kogi farmers indicated his administration's strong commitment to the development of the cashew industry in the state.

    Also speaking, the state's NCAN Chairman, Comrade Ahiaba Stephen, commended Wada for transforming the state's agricultural sector, adding that the cashew improvement training was welcome, as it aimed to complete the value chain development in line with President Goodluck Jonathan's Agricultural Transformation Agenda.

    Over 500 participants attended the training, while facilitators included representatives from the Cocoa Research Institute of Nigeria (CRIN).

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    Insight: War-scarred Ivory Coast aims to conquer the world of cashews

  • Thùy Miên
  • (Reuters) - Forty years ago, Henri Kouakou was struggling to support his family farming a small plot outside Bondoukou, a dusty town in northeastern Ivory Coast, when he first learned that money did, in fact, grow on trees -- cashew trees.

    "I was raising yams back then and wasn't earning enough. I heard people talking about a new tree you could make money growing," he said, strolling through his plantation beneath a canopy of cashew tree branches.

    By his own reckoning, Kouakou, among the earliest pioneers of the Ivorian cashew sector, is nearly 100 years old. He has seen the nuts, initially planted in the 1970s to combat desertification, emerge as an important cash crop for the West African nation's impoverished north.

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    And with output growing by over 10 percent annually -- attracting the attention of a government desperate to jump-start its economy after a decade of war and political chaos -- he will likely live to see his country dominate the world market.

    Even a decade ago, Ivory Coast was a middling producer, growing around 80,000 tonnes of raw cashews per year. By last season, however, as demand for the nuts has grown, output had jumped to around a half million tonnes, making it the world's top exporter and second to India in overall production.

    In the north of the country, cotton and cashews are the only cash crops, so as some cashew growers have started to do well, others have piled in. Output has increased because new plantations planted in recent years are coming into production.

    "The growth is more than impressive. It's astounding," said Jim Fitzpatrick, a cashew expert. "We've never seen a country grow its production in the way Ivory Coast has over the past decade."

    This season, for the first time, the government set a guaranteed minimum price for cashew farmers, fixing it at 250 CFA francs ($0.48) per kilo of raw nuts. According to Malamine Sanogo, managing director of the sector's marketing board, the Cotton and Cashew Council (CCA), Ivory Coast has hardly scratched the surface of the enormous potential.

    Ninety-five percent of Ivorian output is exported raw to India and Vietnam for processing. Sanogo says that work should be done in Ivory Coast by Ivorian workers.

    "We think that with processing we will create many jobs and we will create lots of added value for the country," he said.

    Within the next five years, the CCA wants 35 percent of Ivory Coast's raw cashew output processed locally. Sanogo said bringing processors closer to producers will allow Ivory Coast to cut out some of the intermediaries in the supply chain, boost prices for farmers, and above all create jobs.

    Having doubled production over the past decade, Africa's two million cashew farmers produce nearly half of the world's supply of raw nuts, according to the African Cashew Alliance. Many, including growers in top African producers Guinea-Bissau, Nigeria and Mozambique, are watching closely Ivory Coast's efforts to become a major player in a global market valued at up to $7.8 billion.

    WAR AND REVIVAL

    In 2002, a failed coup attempt plunged Ivory Coast into a civil war that split the world's top cocoa producer in two. Once a model of stability and prosperity in a troubled region, Ivory Coast would remain divided between rebels in the north and southern government loyalists for almost a decade.

    Having emerged as the country's new president following a civil war in 2011, Alassane Ouattara, a former senior International Monetary Fund official, has ushered in economic growth of over 9 percent in past two years.

    But little of that growth -- fuelled largely by billion-dollar investments in large infrastructure projects -- has trickled down to the nearly half of Ivorians living on less than $2 per day. That's where the government hopes cashews can help.

    Some 600,000 farmers already grow the nuts, according to the CCA. But the creation of a domestic processing industry would mean more jobs in the sector.

    Advocates of the plan point to the giant cottage industry in India where a typical unit processes around 10 tonnes of cashews a day with a workforce of 1,000.

    According to a study carried out by the CCA, every 100,000 tonnes of processing capacity Ivory Coast develops will create 12,300 factory jobs and another 10,000 elsewhere in the sector.

    On the spotless campus of the large processing factory run by Singapore-based soft commodities trader Olam International in the central city of Bouake, uniformed employees queue up every morning for work.

    The plant and a second, smaller facility, employ around 3,500 workers with capacity to process 40,000 tonnes.

    "You can imagine if we can process 10 times this number how much employment can be created. And that is only direct employment," Issa Konate, Olam's head of procurement for the facilities, told Reuters.

    If it can pull it off, Ivory Coast would be the first African nation to build a large-scale cashew nut processing sector as a panacea for unemployment, a problem plaguing countries across the continent.

    The African Cashew Alliance estimates that a 25 percent increase in raw cashew nut processing in Africa would generate more than $100 million in household income.

    But Ouattara's government has an additional, even more pressing, concern: creating gainful employment for the 74,000 ex-combatants it is seeking to demobilise in the coming year.

    "That's what happened in Vietnam," Yao Appia Koffi, vice-president of Ivory Coast's Cashew Exporters Association. "When they were emerging from their war in the 1980s they developed that industry and it allowed a lot of ex-fighters to find work."

    THE BROKEN NUT CONUNDRUM

    Not everyone is so starry-eyed, however. "Processing? I'm not sure what the government can do ... It's foolishness," one Ivory Coast-based cashew exporter said, asking not to be named. Ivory Coast indeed faces some daunting obstacles.

    In addition to competing with processing sectors in India and Vietnam, it must convince private sector partners that political stability will last. It also needs major investments in machinery and must train tens of thousands of new workers.

    But its biggest challenge will be what to do about nuts damaged in processing -- what the industry calls brokens -- which typically constitute 30 to 40 percent of output.

    In India, the world's largest cashew producer and also the biggest consumer, brokens are absorbed by the domestic market. The same is true in Brazil, the number three processor. Vietnam has traditionally sold much of its brokens in India and has another big market for damaged nuts, China, next door.

    Ivory Coast, with only infinitesimal domestic consumption, has none of these options, and its less skilled workforce means that the portion of brokens is even higher there.

    Promoting cashew consumption in Ivory Coast and neighbouring countries is one possibility. But even supporters of this strategy admit it will take time with no guarantee of success.

    Ivory Coast's cashew sector may just have come of age at the perfect time. Experts say investors, worried by the dominance of India and Vietnam, are showing interest in diversifying supply and Africa is a logical choice for new processing facilities.

    From just 35,000 tonnes in 2006, Africa processed a total of 114,600 tonnes of raw cashew nuts in 2012.

    At the same time, manufacturers say technological advances in processing equipment will reduce the number of brokens to between 10 and 20 percent. Even the definition of what constitutes an exportable nut appears to be changing.

    Only last year, the difference in the price of a pound of export quality, whole kernel cashews and large brokens was around $2. That difference is now less than a dollar.

    "If that trend persists it will create a big change in the economics of processing," said Fitzpatrick, who works with the African Cashew Initiative, United Nations, European governments and private investors to develop cashew processing in Africa.

    Demand for edible nuts is growing, but the supply of pristine nuts is not. So it appears that buyers are willing to buy more, and pay more for, brokens.

    Back in Bondoukou, Henri Kouakou is cautiously optimistic. He's long been at the mercy of volatile, unregulated prices. Not far from his plantation stands a sprawling compound he started building for his family but has never been able to finish.

    "If the government could raise the price to 400 or 450 CFA francs I would retire right now. I would be at home with enough money to eat and feed my entire family."

    (1 US dollar = 517.9300 CFA franc)

    (Additional reporting by Loucoumane Coulibaly and Pascal Fletcher; Editing by Daniel Flynn and Giles Elgood)

    Source: Reuters

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    Tuesday, October 28, 2014

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    Cashew exports continue to slip; imports rise

  • Tuesday, October 28, 2014
  • Thùy Miên
  • Raw cashew nuts imports have increased significantly even as exports of cashew kernels continue to drop in the current financial year. A strong domestic demand for cashew kernels due to significant rise in consumption without corresponding growth in raw cashew nut production, is cited as the reason for the rise in imports.

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    At the same time, raw cashew nuts are also shipped out of the country, of late, to Vietnam, market sources said. They said Indian cashew processors having processing facilities abroad might be shipping out from the imported raw nut stocks to their units in Vietnam.
    Imports of raw nuts during April-September were 6,86,765 tonnes valued at Rs 45.48 billion. The unit value of the import was Rs 66.22 a kg. As against this, imports in the corresponding period last fiscal were at 5,61,971 tonnes valued at Rs 30.5 billion at the unit value of Rs 54.30 a kg.
    Whereas, the country has exported 1,999 tonnes of raw cashew nuts valued at Rs 163.9 million at the unit value of Rs 81.99 a kg, according to Cashew Export Promotion Council sources.
    Imports of raw nuts during April-March 2013-14 totalled 7,58,111 tonnes valued at Rs 44.58 billion. While it stood at 8,92,365 tonnes valued at Rs 53.3 billion in the same period the previous financial year, he said.
    The exports during April-September 2014-15 dropped to 55,471 tonnes valued at Rs 24.45 million at an average unit value of Rs 440.85 a kg from 61,866 tonnes valued at Rs 25.2 billion at the unit value of Rs 407.34 a kg in the same period the previous fiscal, Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) told BusinessLine.
    High prices
    “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.
    He said an increase in demand is generally noticed during the winter months.
    The total shipments during April 1, 2013 – March 31, 2014 increased by over 13 per cent to 1,13,620 tonnes from 1,00,105 tonnes in the corresponding period the previous fiscal. Total value realisation stood at Rs 49.76 billion, he said.
    India has a huge domestic market for cashew kernels, trade sources said.
    Domestic demand
    Domestic markets can absorb some 250,000 to 300,000 tonnes of cashew kernels of various grades, KA Retheesh, Managing Director, Kerala State-owned Cashew Development Corporation (CDC), told BusinessLine. He said exports are around 125,000 tonnes from the organised sector, which sells an equal quantity in the domestic market.
    At the same time, 125,000-150,000 tonnes of cashew kernels are marketed by the unorganised sector. The peak demand season has started and it has already reflected on prices, which have gone up by 25 per cent, he said.
    Prices of whole cashews, currently, range between Rs 800 and Rs 1,000 a kg and even at this rate there is a strong demand. In the international market, the average price is below Rs 450 a kg.

    - The Hindu

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    Sunday, October 26, 2014

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    Cashew exports continue to slip; imports rise

  • Sunday, October 26, 2014
  • Thùy Miên
  • KOCHI, OCTOBER 24: 

    Raw cashew nuts imports have increased significantly even as exports of cashew kernels continue to drop in the current financial year.

    A strong domestic demand for cashew kernels due to significant rise in consumption without corresponding growth in raw cashew nut production in the country is cited as the reason for the rise in imports.

    At the same time, raw cashew nuts are also shipped out of the country, of late, to Vietnam, market sources said.

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    They said Indian cashew processors having processing facilities abroad might be shipping out from the imported raw nut stocks to their units in Vietnam.

    Imports of raw nuts during April-September were 6,86,765 tonnes valued at ₹4,547.74 crore. The unit value of the import was ₹66.22 a kg. As against this, imports in the corresponding period last fiscal were at 5,61,971 tonnes valued at ₹3,051.72 crore at the unit value of ₹54.30 a kg.

    Whereas, the country has exported 1,999 tonnes of raw cashew nuts valued at ₹16.39 crore at the unit value of ₹81.99 a kg, according to Cashew Export Promotion Council sources.

    Imports of raw nuts during April-March 2013-14 totalled 7,58,111 tonnes valued at ₹4,457.72 crore. While it stood at 8,92,365 tonnes valued at ₹5,331.74 crore in the same period the previous financial year, he said.

    The exports during April-September 2014-15 dropped to 55,471 tonnes valued at ₹2,445.42 crore at an average unit value of ₹440.85 a kg from 61,866 tonnes valued at ₹2,520.02 crore at the unit value of ₹407.34 a kg in the same period the previous fiscal, Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI) told BusinessLine.

    High prices

    “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.

    He said an increase in demand is generally noticed during the winter months .

    The total shipments during April 1, 2013 – March 31, 2014 increased by over 13 per cent to 1,13,620 tonnes from 1,00,105 tonnes in the corresponding period the previous fiscal. Total value realisation stood at ₹4,975.96 crore, he said.

    India has a huge domestic market for cashew kernels, trade sources said.

    Domestic demand

    Domestic markets can absorb some 2.5 to 3 lakh tonnes of cashew kernels of various grades, KA Retheesh, Managing Director, Kerala State-owned Cashew Development Corporation (CDC), toldBusinessLine.

    He said exports are around 1.25 lakh tonnes from the organised sector, which sells an equal quantity in the domestic market.

    At the same time, 1.25-1.50 lakh tonnes of cashew kernels are marketed by the unorganised sector. The peak demand season has started and it has already reflected on prices, which have gone up by 25 per cent, he said.

    Prices of wholes, currently, range between ₹800 and ₹1,000 a kg and even at this rate there is a strong demand. In the international market, the average price is below ₹450 a kg.

    - The Hindu

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    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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