tag:blogger.com,1999:blog-48871901480258556852024-03-06T12:00:25.160-08:00Cashew market: Daily news updatesUnknownnoreply@blogger.comBlogger577125tag:blogger.com,1999:blog-4887190148025855685.post-76426324935371638192015-04-09T03:24:00.001-07:002015-04-09T03:24:22.460-07:00Domestic cashew market is growing faster than exports
KOCHI: Increasing domestic cashew consumption is affecting India's exports of the nut that is a rich source of anti-aging agents. With local demand increasing 15% annually, consumption in India has overtaken that of the US and Europe, the principal buyers of Indian cashew.
"The annual Indian consumption is hovering around 2 lakh tonne compared with about 1.3 lakh tonne in the US and Unknownnoreply@blogger.com51tag:blogger.com,1999:blog-4887190148025855685.post-24217017578856936112015-04-09T03:23:00.003-07:002015-04-09T03:23:16.708-07:00Cashew kernel market shows some buoyancy on tight supplies
KOCHI, APRIL 8:
The global cashew market has shown some buoyancy last month and the trend is expected to remain in April, after remaining subdued in January and February.
“Reasonable activity was witnessed in March and most of the business was for shipments up to May/June. However, some business was done for shipments in the second half of 2015,” trade sources said.
Last month Unknownnoreply@blogger.com34tag:blogger.com,1999:blog-4887190148025855685.post-52037407964828565442015-04-09T03:22:00.004-07:002015-04-09T03:22:28.637-07:00State govt urged to formulate cashew policy
MLC Ivan D’Souza has urged the State government to formulate cashew policy to promote scientific cultivation of cashew and increase the production in the State.
Briefing reporters, on Saturday, he said without scientific cultivation, growers are not getting the expected yield. With reduction in supply of cashewnuts, manufacturers have to depend on foreign countries to import. A total ofUnknownnoreply@blogger.com11tag:blogger.com,1999:blog-4887190148025855685.post-4257897135005140532015-04-09T03:21:00.003-07:002015-04-09T03:21:14.886-07:00For cashew exporters, foreign trade policy is a dampener
MANGALURU, APRIL 2:
Cashew exporters view the new Foreign Trade Policy as a major blow to the industry. They feel the reduction of incentives available to cashew exports under Chapter 3 of the Foreign Trade Policy from 5 per cent to 2 per cent as the main reason for this.
Walter D’Souza, former president of the Cashew Export Promotion Council of India, told BusinessLine that scaling Unknownnoreply@blogger.com14tag:blogger.com,1999:blog-4887190148025855685.post-64470102898688499942015-04-09T03:20:00.003-07:002015-04-09T03:20:32.244-07:00Karnataka cashew industry unhappy over foreign trade policy
MANGALURU, APRIL 2:
The cashew industry has expressed displeasure over the Foreign Trade Policy 2015-20, which was announced by the Union Commerce Minister, Nirmala Sitharaman, in New Delhi on Wednesday.
B Rahul Kamath, President of Karnataka Cashew Manufacturers’ Association (KCMA), said the Government has reduced incentives available to cashew exports under Chapter 3 of FTP from 5Unknownnoreply@blogger.com18tag:blogger.com,1999:blog-4887190148025855685.post-30322510591274370252015-04-09T03:19:00.001-07:002015-04-09T03:19:47.245-07:00Kerala’s shortcut to cashew imports upsets trade unions
KOCHI, MARCH 30:
The Kerala Government’s efforts in promoting raw cashew imports through Tuticorin with short sea shipping to Kollam Port, bypassing the major port of Kochi, have irked trade unions.
“The move will divert Kochi Port’s conventional cargo and cost the port dearer, affecting its revenue earnings substantially,” trade unions said while pointing out the under performance ofUnknownnoreply@blogger.com8tag:blogger.com,1999:blog-4887190148025855685.post-85599781861685258312015-03-17T23:18:00.001-07:002015-03-17T23:18:56.192-07:00Palasa cashew processing capacity doublesCashew processing capacity at Palasa in Srikakulam district, has more than doubled over the last three years on the back new plants and mechanisation of the existing ones. As of now, there are 250 units operating in Palasa and Kasibugga from around 210 processing units some three years ago. Besides, about 65 per cent of the existing units had become fully automated leading to an increase in theUnknownnoreply@blogger.com22tag:blogger.com,1999:blog-4887190148025855685.post-38677855469539958712015-03-16T02:14:00.001-07:002015-03-16T02:14:35.975-07:00MP promises boost to cashew sectorDakshina Kannada Member of Parliament Nalin Kumar Kateel on Sunday said he was aware of the problems being faced by the cashew industry and promised to render “all possible help”. Speaking after inaugurating the platinum jubilee celebrations of Karnataka Cashew Manufacturers’ Association here, Mr. Kateel urged the association office bearers to visit New Delhi for discussions with the Ministries Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-4887190148025855685.post-46185080391845602882015-03-16T02:12:00.001-07:002015-03-16T02:12:46.639-07:00‘Promote use of cashew apple’4 lakh tonnes of the fruit being wasted in a year in State Cashew manufacturers on Saturday sought the State government’s help for farmers to make use of cashew apple that is being wasted in a large quantity. At the inauguration of platinum jubilee of the Karnataka Cashew Manufacturers Association (KCMA) here, president of the celebration committee Walter D’Souza urged Minister for Health U.T. Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-4887190148025855685.post-61580354815324824142015-03-11T06:09:00.001-07:002015-03-11T06:09:29.300-07:00Cashew farmers seek reliefCadre of Dravida Munnetra Kazhagam (DMK) staged a demonstration in front of the Revenue Divisional Office at Udayarpalayam on Tuesday demanding compensation for cashew farmers who have been affected by drought-like conditions. S. S. Sivasankar, Kunnam MLA and district secretary of DMK, V.K.Rajendran, Convenor, party’s farmers wing of the district, and N.R.Ramadorai, convenor of the party’s Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-4887190148025855685.post-8133822989718736732015-03-10T15:59:00.001-07:002015-03-10T15:59:03.924-07:00Raw cashew nut prices hit all-time high by crossing Rs 100 per kg markCashew farmers are all smiles as raw nut prices have touched Rs 102 a kg in select markets of Goa and Kerala. Traders say this is the highest ever season opening price in the history of the trade. Around the same time last year, raw cashew nut prices had touched Rs 95 a kg and then dropped to Rs 83 a kg. The trigger for the steep spike in prices this year is short supply. In Kerala, farm gate Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-4887190148025855685.post-47586394843951486842015-03-10T15:57:00.001-07:002015-03-10T15:57:32.144-07:00Benin: The gov’t fixed the price of Cashew to FCFA 225 /KgThe government of Benin has decided this week to increase the price of cashew in the country to FCFA 225/Kg for the 2014/2015 campaign against   FCFA 200 in 2013/2014. According to an official of the Ministry of Trade, Industry and SMEs who requested anonymity but quoted by Xinhua news agency, this trend reflects the growing importance of cashew in agriculture in Benin. “This Unknownnoreply@blogger.com8tag:blogger.com,1999:blog-4887190148025855685.post-57105965956278456482015-03-09T23:19:00.001-07:002015-03-09T23:19:01.523-07:00Cashew nut prices hit century markPANAJI: This season's first produce of cashew nuts has hit a morale-boosting century mark, with prices scaling a new milestone at Rs102-105 per kilo. It's an over 100% rise in prices from just seven years ago when a kilo drew Rs48-50. It's not just the unique flavour of Goa's cashew nuts that are attracting the pricing. "More and more people are savouring the cholesterol-free and Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-4887190148025855685.post-53169865459994579522015-03-09T23:17:00.001-07:002015-03-09T23:17:05.528-07:00Cashew body festival to focus on farmer empowermentMANGALURU, MARCH 4:  Focus on the empowerment of cashew growers will be part of the diamond jubilee celebrations of the Karnataka Cashew Manufacturers’ Association (KCMA). The year-long event will begin with a two-day event in Mangaluru on Mach 14. A press release by KCMA said here on Wednesday that the event will showcase the strength of the industry and unveil the vision for the next 15Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-4887190148025855685.post-34944015797919928812015-03-09T23:15:00.001-07:002015-03-09T23:15:45.452-07:00Cashew fest from March 14Amid hopes of making Karnataka the cashew State of India, the diamond jubilee of Karnataka Cashew Manufacturers Association will be celebrated in the city with a technical session, a cashew festival and technical exhibition, on March 14 and 15 at the T.M.A. Pai Convention Centre. Office-bearers of the association told presspersons here on Wednesday that Karnataka occupied a place of pride in theUnknownnoreply@blogger.com8tag:blogger.com,1999:blog-4887190148025855685.post-81121311461166207602015-02-28T17:57:00.001-08:002015-02-28T17:57:24.009-08:00Cashew exporters to go ahead with shutdownThe Kerala Cashew Processors and Exporters Association has said that the decision to keep cashew factories closed for three days from March 2 in protest against the “unbearable wage hike” coming into effect from March 1 will not be revoked. In a statement here on Friday, association secretary K.M. Nazar said that the 35 per cent wage hike declared was unjustified as it was notified bypassing allUnknownnoreply@blogger.com2tag:blogger.com,1999:blog-4887190148025855685.post-84167842189989430962015-02-28T17:52:00.001-08:002015-02-28T17:52:33.069-08:00Easy cashew chicken fried rice recipeIf you are in the mood for Asian, this easy cashew chicken fried rice is the perfect recipe to satisfy your craving. Inspired by restaurant-style fried rice, this dish is packed with chicken, pineapple, red pepper, peas and toasted cashews. This one pot meal is all you need instead of turning to take-out. Ingredients: 1 lb. chicken breasts, cut into cubes 3 tablespoons vegetable oil, Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-30697318289688662312015-02-28T17:45:00.001-08:002015-02-28T17:45:42.959-08:00VEGAN GNOCCHI WITH THYME VINAIGRETTE AND CASHEW CREAMSERVES 2-3 INGREDIENTS For Gnocchi: 2 russet potatoes (about 1 1/2 pounds) 1 Cup bread flour For Thyme Vinaigrette: 2 Tbsp. fresh thyme, leaves only 1-2 pinches salt, to taste 4 Tbsp. olive oil 1 tsp. white wine vinegar For Lemon Cashew Cream: 1 cup water 1 1/4 cups cashews Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-13850797601225456502015-02-28T17:29:00.001-08:002015-02-28T17:29:12.238-08:00Change in rule at ICTT benefits cashew sectorThe cashew industry here has welcomed the decision of the authorities of the Vallarpadam International Container Transhipment Terminal (ICTT) to restore the on-wheel customs clearance facility for raw cashew imports. K.N. Raghavan, Commissioner of Customs at Kochi, formally notified the decision on February 24. Through the facility, the raw cashew importer can now load the container from the Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4887190148025855685.post-22029220281938188182015-02-28T17:28:00.001-08:002015-02-28T17:28:07.787-08:00Nigeria: Cashew Growers Sign N1 Billion Export DealThe National Cashew Association of Nigeria said on Wednesday that it had signed a N1 billion deal with shipping companies in Nigeria to export cashew nuts. The national spokesperson of the association, Sotonye Anga, disclosed this in an interview in Lagos. He explained that the deal was sealed at a meeting with cashew exporters, shipping companies and forwarding agents. He said cashew Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-30512976380900413232015-02-28T17:14:00.001-08:002015-02-28T17:14:27.343-08:00Cashew processors plan token stir‘Wage hike for workers notified bypassing all mandatory norms’ If declaring wage-related strikes in the cashew sector used to be the monopoly of trade unions, the tables have now turned. Employers under the banner of Cashew Processors and Exporters Association have now declared a three-day strike in the sector from March 2. Secretary of the association K.M. Nazar said the strike was in protest Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-5167393980250482402015-02-24T22:15:00.001-08:002015-02-24T22:15:31.155-08:00Vietnam world's biggest cashew exporter for nearly 10 yearsThe Viet Nam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of locally produced cashew kernels were shipped abroad in 2014, generating more than $2 billion and representing an annual increase of 17.4 per cent. Annual revenue grew by 21.9 per cent. Including the export of by-products, such as shell oil and other value-added products, total industry revenue reached $2.2 billion,Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4887190148025855685.post-54510637032042211492015-02-24T19:34:00.001-08:002015-02-24T19:34:48.647-08:00Cashew exports to rise 14 pct in 2015Vietnam, the world's largest cashew exporter, plans to ship 350,000 tonnes of the nuts this year, a rise of 14 percent from 2014, the Vietnam News newspaper reported, citing a projection by the Vietnam Cashew Association. Revenues from the exports are expected to rise 13.6 percent to $2.2 billion in 2015, the report said. About 30 percent of Vietnam's cashews are exported to the United States, Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-15407556361625888882015-02-24T15:11:00.001-08:002015-02-24T15:11:21.789-08:00The best of cashew chickenIf you’ve ever been hungry for Chinese food and saw cashew chicken on the menu, you might have ordered it without thinking much about its history. Unless you’re from Springfield, you probably didn’t know that cashew chicken was created here and has a rich history. If you’re from Springfield, you probably know that Leong’s Asian Diner is the “home of the original Springfield style cashew chicken,Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-4887190148025855685.post-20088426729847017912015-02-24T15:10:00.001-08:002015-02-24T15:10:07.633-08:00Association calls for promotion of cashew businessThe National Cashew Association of Nigeria (NCAN) has called for the promotion of cashew business in the country in order to unlock financing for the sector to thrive. The National Publicity Secretary of NCAN and Chief Executive Officer (CEO), Universal Quest Nigeria, Mr. Sotonye Anga, said that Nigeria would generate a turnover of over N1trillion (about $6.25bn) in the next 10 years, noting Unknownnoreply@blogger.com1