cashew week Nov 14A Product of Cashew Market Commentaries from Experts VINACAS Conference Highlights...

A Product of

Cashew Market Commentaries from Experts

VINACAS Conference Highlights

Indian Cashew Market Commentaries

International Cashew Market Commentaries

DCCD Conference Highlights

Almond Report

Prices of Nuts

Domestic Prices of Nuts

International Prices of Nuts

www.cashewinfo.com

CASHEW WEEK CASHEW WEEK CASHEW WEEK CASHEW WEEK

A WEEKLY NEWSLETTER

In the Cashew Week...

NewsHighlights

India Ex-Im Data for the month of Oct 2016

Upcoming Trade Events

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Volume 17 | Issue 46 |Nov 6-12, 2016 CASHEW WEEK CASHEW WEEK CASHEW WEEK CASHEW WEEK A WEEKLY NEWSLETTER

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Cashew Market Commentaries from Experts

India

In India higher demonetisation currency notes of INR 500 and INR 1000 was banned (will not be legal

tender) since Nov 8th midnight, announced by the Indian PM Mr Narendra Modi in his televised

address to the nation. About 86% of the currency in circulation is of high denomination. The decision

was taken to curb the menace of black money and warned many more actions to follow in the coming

days.

Due to non-availability of cash to transact business, all commodity trading activities in the markets

came to a standstill since Nov 8th. It will take some more time for the return of normal flow of

currencies to some extent as the government is constantly monitoring the situation and taking

necessary steps to ensure ease of cash flow.

Normal flow of currencies in to the system will take two to three weeks as ATM machines needs to be

recalibrated so as to match size of new INR 500 note and the denomination of INR 2000 note. So in

the short term normal business of cashew is likely to be affected and prices may tend to fall.

The Directorate of Cashew Nut and Cocoa has celebrated its 50th year of establishment in Goa during

last week (please refer page no-8 for highlights).

RCN imports in the first ten months of 2016 declined substantially to 679,110 tonnes as against 88,453

tonnes imported during the same period in 2015. Overall Indian RCN import in 2016 is estimated in

the region of 760,000 and 780,000 tonnes.

The cashew kernel figures in the first ten months of 2016 was also not encouraging and going by the

current rate, exports are projected to drop towards 75,000 to 80,000 tonnes in 2016. In the first ten

months exports came in at 62650 tonnes as against 94,259 tonnes exported during the same period in

2015.

Cashew Kernel W320 FOB Tuticorin traded at a new record high of USD 4.80-4.90 per lb during last

week. Imports of RCN may show upward bias going forward as rupee is expected to depreciate

further.

Vietnam-VINACAS Highlights

The 8th Vinacas Golden Cashew Rendezvous was held in Da Nang, Viet Nam during last week. About

300 delegates attended the event, of which, 55% are foreign firms from over 30 countries across the

world.

According to Nguyen Duc Thanh, chairman of Vietnam Cashew Association (Vinacas), before, the issue

of food safety and hygiene posed only to the manufacturing sector, now Vietnam has put into the

whole chain, including processing facilities, packaging, labour, machinery and equipment etc.,

Mr Nguyen Duc Thanh said that climate change alters the output in both Vietnam and Africa (falling),

along with consumer demand for the world increased every year due to known health benefits from

the dried seeds, including individual offers. But this situation leads to many problems of trade disputes

between Vietnam enterprises with businesses that sell raw cashew from Africa.

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During this season trade disputes also increased significantly this year, due to sharp fluctuation in raw

cashew prices, which meant those who signed contracts to sell at the start of the season, were unable

to fulfil them. Moreover, "Some Vietnamese importers have been guilty of failing to study the market

or their partners, and not being diligent while negotiating and signing contracts," he said. Companies

need to have a strategy to develop raw material sources, and be more careful about importing raw

nuts, he said.

The association would work with African countries to persuade them to refuse export quotas to firms

not fulfilling their contracts with Vietnamese firms, he said. The association listed specifications for

raw cashew nuts and displayed samples of purchase contracts. Vietnam and African countries like

Ivory Coast and Nigeria discussed ways to boost co-operation in cashew trade.

Mr. Ranjeet Wallia, President and Chief Operating Officer Chi Commodities Handlers Group (Canada),

said that the consumption of world's cashew is growing manifold in recent years, thanks to the

research done by the scientific community on the nutritional nuts, which are widely publicized on the

media. Particularly in the US market, Mr. Ranjeet Wallia said, from 2010 to now, consumer demand

for cashews here has grown 53%, is consumed more nuts 2nd after almonds.

Mr. Bach Nhut Khanh, deputy director of the Superintendence (unit assessment of Vietnam's largest

crude), said this year, the import of raw cashew from Africa quality significantly reduced compared to

2015.

Joseph Lang, managing director of Kenkko House, one of Europe’s largest dealers of nuts and dried

fruits, said: “The growth of the cashew market in Europe over the last three years has been

tremendous with Europe now representing around 25 per cent of cashew exports from Vietnam and

having growth by well over a third over the period.”

Currency

Indian rupee declined sharply to settle well above 67 against the US dollar on domestic currency

demonetisation of 500 and 1000 rupee notes and on unexpected electoral outcome in US. Expect

rupee to retest close to 68 levels going forward and in case sustain above that on this month close,

then expect rupee depreciation to continue.

Nigeria currency naira early today appreciated against the USD in both interbank and parallel market,

due to raids on forex dealers who are selling above the government prescribed ceiling during last

week.

The Mexican currency peso, the world worst performing currency in 2016 has fallen to record lows

after Trump's election and on fears that he may look to decrease trade and build a wall between the

two countries, while also deporting millions of people living illegally in the United States.

Source: Cashewinfo.com

Vietnam

There is no sign of downtrend from the market as prices are stable especially for the whole grades.

W240 traded at USD 5.25/5.30, W320 at USD 4.65/4.70, sold by reliable packers. Medium- sized

packers offered prices were at the same levels, but with no buyers. Top and reliable packers offered

few cents per lb higher compared to the levels traded. Limited offers have seen for Jan – Mar 2017

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shipment, but buyers were not ready. There is no certain demand for next year shipment yet as prices

of kernels are at historic highs, too high for manufacturers/roasters.

Sales for offshore markets are limited and demand of pieces continued to drawdown. Most of the

grades traded this year so far are whole grades while limited sales done for LP and SP and even WS.

This might indicate a downward bias of pieces in the coming time as packers do have pieces in their

stores and they tend to offer at high prices. Some quantities of pieces have done at reasonable prices.

Let us see how the demand unfolds for pieces going ahead.

Prices of imported RCN from local market are eased a bit as demand is sluggish. Packers feel that

there is no parity between the kernels and Rcn price, so they are very much reluctant to confirm the

offers.

China is expected to come back to buy in big quantities in the coming week to meet its Chinese new

year deamnd. If that happens market will get amuch needed lift.

Source: Kheim, Vietnam

Mozambique

Cashew harvesting is now on full swing in Northern Mozambique. Quality of cashew is good, Nut

count up to 180 and average out turn 46 lbs. The farm gate price is 75 Meticais per kg. The current

local currency rate is around 78 Meticais against 1 USD. This year apart from Local processing Plants

and Indian traders, we are seeing Chinese and non-cashew industrial buyers. Chinese and Non

Cashew Industrial buyers are accumulating stock to export to have access of Precious Foreign

Exchange to run their local Import business. RCN export is still not open , hopefully will open once

local processors accumulate enough stock for their plants. A minimum 18% of cess (at the minimum

export price 1,800 usd per ton) is implied by Government authorities on RCN export.

Source: Dinesh Singh

Please visit www.cashewinfo.com for weather report.

Highlights of DCCD National Conference themed ‘Production to marketing’, to

commensurate 50th

year of its establishment

The Directorate of Cashew nut and Cocoa Development, which is celebrating its golden jubilee (50th

)

year of its establishment had organized The National Conference on Cocoa and Cashew, themed

“Production to Marketing” during November 7-8, 2016 in Panaji, Goa,

Mr R K Srivatsava, Chief Secretary of Goa inaugurated the conference. Others on the inaugural session

were Mr P Sundaran, CEPCI Chairman, Dr Venkatesh Hubballi, Director, DCCD, Dr S K Malhothra,

Agriculture and Horticulture Commissioner, Government of India, Dr Vasudev Prasad, VC, UAS-

Shivamoga, Dr Gangadhara nayak, Director, DCR-Puttur, and Mr Ulhas B Pai Kakode, Director of

Agriculture, Goa.

In his inaugural speech, the Chief Secretary of Goa Mr RK Srivatsava said that there are a lot of

challenges in the cultivation of cashew and cocoa as the particular field is not a technology driven

field, where there are turnkey solutions. “The government support for such cultivators is important,

and hence the Goa government has extended minimum support price for their crops,” Srivatsava

added, pointing out that if other states follow the same path, then it would provide a boost to their

cultivators.

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Dr S K Malhothra highlighted about the PFBY (Pradhan Mantri Fasal Bima Yojana), which covers the

farmers from the risk of crop failure due to impact of climate change, diseases etc., Under this scheme

so far 35,00,000 ha of area has been insured. But in horticulture only 3, 00,000 ha is insured under this

scheme. We need to educate/make farmers aware of the scheme and its benefits. Dr Malhotra further

said that pulses are also the priority area of the central government.

Mr P Sundaran, Chairman of CEPCI, spoke about the lack of availability of good quality materials by the

Indian cashew industry. African supply may wane over a period of time as they too have started

processing cashews on a large scale.

Dr Vasudevappa, VC of UAS-Shivamoga highlights that mango being replaced by cashew on a large

scale. Arecanut plants are dying year after year, which requires more water, which could be replaced

by cashew in Shivamoga district. Last year, we intended to promote one lakh hectare of land under

cashews, but we couldn’t achieve the same due to drought.

Mr Walter D’Souza, MD, Fernandes Brothers headed the first technical session with other panelists

being Dr M Tamil Selvan, Additional Commissioner (Hort), Govt of India and Dr B Dhananjay of KVK,

Bramhavar.

The director of DCCD Dr Venkatesh Hubballi, in his welcome address, said that in the year 1966, when

the directorate was established, only 2.40 lakh hectares area in the country was brought under

cashew cultivation, with the annual production of the crop being one lakh metric ton, at that time.

Raw cashew nut which fetched INR 30 per kg is currently quoted at INR 169 per kg, and he is of the

view that cashew is the crop of the future.

The DCCD vision is to promote cashew and cocoa so as to improve socio and economic conditions of

small and marginal farmers and to achieve self sustenance. Some of the future strategies for the next

decade include massive replanting programme, expansion of area under traditional and non-

traditional areas and to organize intensive thematic campaigns and to train farmers. Ensure private

participation with government support to ensure proper implementation of technologies at the field

level. Also to monitor and educate proper post harvest management and processing with value

addition.

Dr M Gangadhar Nayak spoke about the technology options for enhancing cashew production. Senile

and low yield plantations are to be replanted with high yielding seedlings. Over 200 lakh cashew grafts

are produced annually. He also highlights about some of the high yielding varieties which are under

evaluation such as H-43, H-66, H-68, H-125 and H-126. Pruning of cashew results in improved yield

performance. Drying of flowers and fruit drop in cashews under drought conditions are to be checked

by adapting to proper soil and water conservation techniques.

Intercropping in cashews with pineapple, Tapoica, Turmeric, Ginger, Elephant foot yam, Chillies,

Brinjal, will minimize the losses; conserve soil and moisture and higher net returns.

By adopting suggested technologies options in cashew cultivation, it is expected that the production of

raw cashew nuts in the country can reach 2.5 million tonnes by 2030, owing to self-sufficiency in raw

cashew-nut production and realizing doubling of farmer’s income.

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Photo 1 (LHS)Mr S K Malhothra, Mr P Sundaran, Dr Gangadhar Nayak , and Dr Venkatesh N Hubballi

Photo 2(RHS) Dr Venkatesh Hubballi, Dr M Tamil Selvan, Mr Walter D’Souza, and Dr B Dhananjay

Mr Ulhas B Pai Kakode, Director of Agriculture of Goa, presented on the current status of cashew

cultivation in Goa. Cashew is the main commercial crop of Goa with GDP of INR 256 crores. Cashew

feni is distilled from fermented juice extracted from the cashew apple and is a popular alcoholic

beverage in Goa. Feni is also Goa’s first Geographical Indication (GI) product and it is also the first

liquor in the country to obtain the GI status.

Dr R K Bhoodes, Vice- Chairman of CEPCI, presented on the road map on cashew production in India -

2025. By 2025 Indian cashew production is forecasted around 900,000 tons, considering at a CAGR of

3.4 percent per annum. At the same India cashew processing demand is forecasted at around 22,

00,000 tons by 2025, at CACR of 5.3 percent per annum. The gap between production and processing

is about 300,000 tons.

Dr Bhoodes suggested measures to overcome the shortfall, by the way of increasing the area by 25

percent in the next three years. Also replace 80% of the existing old and senile trees, starting with 20%

from 2020 onwards (i.e., 200,000 ha). Moreover increase the pre-harvest yield up to 80% by 2019 by

promoting drip-irrigation, adequate manuring, and control of pest and disease management, technical

know how from the field officers and effective implementation through cashew producers

society/SHG.

Mr Prakash Kalbhavi, Ex-President of KCMA spoke about Indian Cashew Industry and Government

policies. Mr Kalbhavi projected India’s cashew requirement at 3 million tons by 2020, of which

domestic production is estimated at 0.9 million tons and India is likely to import around one million

tons. Thus the projected shortfall is of 1.1 million tons.

On the government polices the focus should be on to improve the productivity level. He also wants of

abolition of APMC on RCN to improve farmer’s realization, roll back of customs duty of 5% on RCN

imports, to develop a model for cashew apple utilization and to establish a cashew broad to monitor

production.

Mr Giridhar Prabhu of Achal Industries is of the view that India needs to scale up its RCN production to

two million tons by 2025. He wants minimum support price for famers to be announced at INR 125 kg

for 2017-2025 for fully dried RCN ex farm gate. Minimum yield potential has to be doubled to 1400 kg

per ha.

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Mr Rajendra Sabat emphasizes the need for financing the cashew value chain by banks and NGO’s at

an affordable rate. Govt. should establish R & D Centres for new technology for automation in cashew

processing and by-product utilization.

(The conference highlights will be continued in the next issue dated Nov.21-2016)

Fig 1: Cashew Kernel- W320- Average FOB prices at Tuticorin port, India (USD/lb)

Cashew kernel price for FOB W320 continued its strong upward bias and traded in the region of USD

4.80 and 4.90/lb, posted a new record high since August-2011. As the peak demand season is almost

over, market participants unwilling to commit big contracts and they are buying only hand to mouth

for their short term requirements. Moreover currency demonetisation may signal probable top at

least in the near term.

Fig 2: Raw Cashew Nut (RCN) - Average Price INR per 80 kg bag

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Almond report- California and New Delhi

The week starting from November 7th 2016, has been an eventful week globally, which has impacted

millions and millions of Lives.

To start with, In USA people voted for Presidential Elections on Tuesday i.e. 8th of November and

surprisingly chose Mr. Donald Trump as their 45th President over Mrs. Hillary Clinton, already we have

started seeing divisions in the American society with many communities fearing for there own

reasons, Yesterday The President Elect announced to deport 3 Million Illegal Immigrants with criminal

backgrounds.

Next, in comes as a Financial Surprise from Prime Minister of India on 8th of November when he

announced demonetization of INR 500 and INR 1000 currency notes with immediate effect as making

them illegal tenders. 86% of the total value of money in circulation is of these demonetized currencies,

Causing Confusions, Chaos and financial emergency across the nation. Since November 10th the entire

population seems to be standing in bank queues to exchange, withdraw or deposit money. In one

master stroke the hoards of black money stashed in Cash of INR 500/1000 currency notes has been

wiped out of the system. It's the boldest and most courageous step ever taken at least in my life span

by any government to wipe out corruption from the system; I think every Indian needs to give a

standing salute to our Prime Minister and the banking employees for the unrelenting endeavour in

this noble cause of making India corrupt free country.

As every action has an equal reaction... On short term (Not Sure about the time frame) the economy is

going to suffer heavily, as there is no money on the system to support cash transactions. India at the

moment has 89% of all its transactions as Cash only and to move towards a cash less economy we still

have to go a long way by making financial/banking system inclusive for all, Its a process which has to

include making of Identification Certificates ( Aadhar, Pan, Voters ID etc...), Open Bank accounts ( Till

2015 India had only 310 Million Bank accounts out of 1.27 Billion of population), and most importantly

need to impart to basic education for them to operate physically or digitally.

The common- man or the AAM ADAMI has got its impact in a major way as he has all his savings or

other wise were in these high currency notes.

Further many of the wholesale markets especially of commodities have remained non operational

since November 8th as there is no money to transact, There is a sense of confusions on the payments

receipt for the Diwali sales.

I personally think our markets i.e. of Dry Fruits and other niche commodities will take good amount of

time to return back or even come closer to normalcy, as only incremental and disposable

money/income is only spent on our commodities.

Last but not the least, Almond’s position report for the month of October was announced on this 8th

of November only. The shipment numbers were what every one was waiting for with 235.5 Million Lbs

worldwide which is 45+% higher than the last year ,YTD are 607.1 Million in just three months of CY

2016 (+41%), India with only 509 containers of In shells and 15 containers of Kernels was 82 Million

YTD though these numbers as compared to last year October are 63.7% higher but look more

desirable if compared to August & September 2016.The Diwali sales have been beyond expectations

and accordingly it is being assumed that more 1400 containers out of 2000 odd containers got

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liquidated with much of demand coming out for Almonds due to its affordable prices and shift in

preference of nuts from Cashews to Almonds largely due to price gap between both these competing

nuts. It has been proved once again that these are price elastic commodities and even with all odds we

can have phenomenal sales/ consumption's if the prices suit common man's pockets.

Unfortunately the markets as stated earlier have remained closed (means SHUTTERS DOWN) in Delhi's

Kharo Baoli area and no physical business has got transacted. Though the mood as well as sentiments

would have been upbeat but the pressure to change, exchange, deposit - withdraw and availability of

the money have forced to down the shutters. For sure the markets are going to suffer both in short

term and long terms as there is non availability of disposable income in pockets of consumers and the

consumer is going to spend on his staple/essentials than to spend on niche.

Post Diwali the marriage season was being considered as the main driver of sales for Dry Fruits, but

due to demonetization, all most all marriages have got impacted and accordingly our sales. Its a

difficult situation as on date, but will surely have a good and a sound business atmosphere going 1

year from here on till then the consumption, sales all will go down and accordingly payments will get

delayed for the entire supply chain.

It’s time to wait and watch for the things to unfold going forward.

Source: Ravindra Mehta, International fruits and Nuts Organisation, New Delhi

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Prices of Nuts in India and International Market

Table 1: RCN spot prices in India in USD/tonne except India origin which is in INR per 80 kg bag

Origin 10/31/2016 11/08/2016

India, local Odisha (INR per 80 kg bag) 12800

Ghana (USD per tonne CNF) 1542-1677-1811 1522-1604-1701

Tanzania (USD per tonne CNF) 1647(2015/16

crop)

*

Guinea Bissau (USD per tonne CNF) 1707-1946-2141 1582-1896-2164

Burkina Faso (USD per tonne CNF) 1602 1597-1617-1627

Ivory Coast (USD per tonne CNF) 1587-1662-1751 1493-1642-1791

Indonesia (USD per CNF) 1961 *

Mozambique (USD per CNF) * *

Benin (USD per CNF) 1527-1662-1736 1522-1634-1701

Guinea (USD per CNF) 1662 1642-1731-1866

Gambia(USD per CNF) 1751-1886-1961 1716-1828-2030

Senegal(USD per CNF) 1602-1736-1916 1687-1806-1881

Togo (USD per CNF) * *

Nigeria (USD per CNF) 1257-1437-1647 1254-1403-1567

Mali (USD per CNF) * *

Madgaskar (USD per CNF) * *

Cango (USD per CNF) 1796 *

Indian RCN price at various

markets

Unit Rs per kg Unit Rs per kg

Mangalore * *

Goa * *

Kollam * *

Panruti * *

Jeypore 160 160

Ratnagiri * *

Kolhapur * *

Bandha * *

Kankouli * *

Note: Indian imported price landed at various ports- Min, Avg and Max during that period (excluding

tax).

Table 2: Kernel FOB prices in major ports as on 11/11/16

Grades Tuticorin(USD/lb fob)* Kollam(USD/lb fob) Vietnam(USD / lb fob)

W240 5.4 5.2 5.15

W320 4.80-4.90 4.7 4.65

W450 4.55-4.65 4.55 4.4

SW320 4.55-4.65 4.4 -

SW360 4.40-4.50 4.1 -

SSW 3.95 -

LP/LWP 3.40-3.50 4 3.1

Ws 3.70-3.80 4.1 3.35-3.40

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Volume 17 | Issue 46| Nov 6-12, 2016 CASHEW WEEK CASHEW WEEK CASHEW WEEK CASHEW WEEK A WEEKLY NEWSLETTER

Table 3: Cashew Kernel: India spot prices in production centres as on 11/11/2016 in INR/kg Grades Manglore(Karnataka Kollam(Kerala) Vetapalam(A.P) Jeypore(Odisha) Ganjam(Odisha) Goa

W180 1058 1014 - - - 1112 W210 926 882 820 970 - 967 W240 860 838 780 890 920 870 W320 802 794 730 820 770 783 W400 750 0 690 775 - 735 W450 0 750 - 720 706 W1 785 0 590 - - 725 S180 970 0 - - 967 S210 944 0 880 - 870 S240 860 750 820 - 822 S 728 772 - - 716 LWP 688 728 610 687 700 667 SWP 617 617 510 595 620 551 K 705 728 720 - 677 JH 750 772 680 755 720 725 SSW 750 0 800 - 658 BB 525 728 400 - 570 435 JK/JB 714 0 600 697 - 677 SW 767 0 820 - - 716

Prices of Nuts in Other Indian Markets

TABLE 4: Cashew kernel: India spot prices at terminal markets as on 11/11/2016 in INR/kg Grades Delhi Sangrur(Punjab) Jalandhar(Punjab) Kolaphur(Maharastra) Mumbai

W180 1105 955 850 1100 1140

W210 995 915 827.5 1000 1040

W240 895 890 755 940 940

W320 805 865 785 840 840

W400 - - 0 790

S 742.5 720 - 740 755

LWP 720 690 - 720 700

SWP 637.5 607.5 - 650 670

Currency Movement

Currency 11/04/2016 11/11/2016

Indian Rupee (INR) 66.80 67.03

Euro (EUR) 1.11 1.08

Japanese Yen (JPY) 103.09 106.68

Brazilian Real (BRL) 3.23 3.39

Chinese Yuan (CNY) 6.75 6.81

Singapore Dollar (SGD) 1.38 1.41

Tanzanian Shilling (TZS) 2180.10 2180.25

Thai Baht (THB) 34.95 35.40

Mozambique New Metical (MZN) 76.57

76.81

Vietnam Dong (VND) 22323.00 22332.00

Indonesian Rupiah (IDR) 13120.00 13365.00

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Indian Rupee

Rupee came under pressure as US elects Donald Trump as

the next president, contrary to market expectations. Also

Indian PM’s demonetization of higher value noted notes to

curb black money also put further pressure on the rupee.

India’s IIP for September grew at 0.7%. The dismal show is

mainly due to decline in manufacturing sector, which

recorded a low growth of 0.9% in September compared to

2.7% growth a year ago.

Indian rupee last week traded in the region of 66.30 and

67.25 and finally settled at 67.25 on Friday. Next

resistance is seen in the region of 67.51 and 67.92 and

only above to depreciate further. At the same time Rupee

is getting consistent support at current level around 66.50-

66.60. Overall rupee is likely to remain under pressure in

the coming one to two weeks time period.

Brazil Real

Brazil real declined sharply despite intervention by its

central bank on concern over the election of Donald

Trump as new US president. Trump pledges tax cuts and

heavy public spending, which may lead to inflationary

concerns, and to result in more rate hike by US FED in the

coming months.

As we rightly pointed our real depreciated sharply during

last week. Brazil real last week traded in the region of

3.1622 and 3.5065 and finally settled at 3.3910 on Friday

(11th Nov). Resistance is expected to remain in the region

of 3.45 and 3.51. At the same support is seen at 3.25-3.20

levels going forward.

Vietnam Dong

A report by the State Bank of Vietnam (SBV) shows that 35-

40 percent of the credit has been poured into real estate,

securities and consumer sectors in the first half of the year.

These are also sectors which have seen the highest credit

growth rate compared with the same period (27.5 percent)

last year.

Vietnam dong last week traded in the region of VND 22268

and VND 22395 and finally ended at 22332 on 11tht

November. Vietnam dong is expected to trade in the broader

region of 22260 and 22500 going forward.

Benin CFA Franc BCEAO (XOF) 598.50 603.11

Ghanaian New Cedi (GHS) 3.97 4.00

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Comparative Movement of Currencies in 2016 Vis-à-vis USD in cashew processing regions (Weeks starts from January’ 2016 and value indexed to 100)

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Table 6: Cashew kernel: Africa spot prices as on 11/11/2016 in USD/lbs

Grade description Grade Price

White Wholes Cashews 180 W-180 4.8-5.2





Scorched Wholes Cashews 210 SW-210 4.40-4.50




First butts/ White Butts FB/WB 3.45-3.55

First splits/ White Splits FS/WS 3.42-3.55

Large White Pieces LWP 3.30-3.35

Small White Pieces SWP 3.00-3.05

Chipps CH 2.65-2.75

Baby Bits BB 2.35-2.45

Scorched Butts SB 2.75-3.10

Scorched Splits SS 2.75-3.10

Scored Pieces SP 2.40-2.60

Table 7: Other Tree nut Prices at the Delhi Market (INR/kg)

Grades 11/4/2016 11/11/2016

Almond Giridi in shell 137.5/140 137.5/140

Almond Gurbandhi in shell 312.5 312.5

Almond California in shell 395/400 395/400

Almond Kernel California 580/585 580/585

Almond Kernel Gurbandi 725/825 725/825

Pistachio Irani 1100/1200 1100/1200

Pistachio Hairati 1210/1325 1210/1325

Pistachio Peshawari 1425/1530 1425/1530

Walnut New 290/440 290/440

Walnut Kernel 800/1450 800/1450

Fig Common 300/375 300/375

Fig Medium 500/550 500/550

Fig Best 625/750 625/750

Apricot 450/800 450/800

Kishmish (Rs per kg )

Indian Yellow 70/112.5 70/112.5

Indian Green 125/275 125/275

Kandhari New 300/450 300/450

Ranga 187.5/210 187.5/210

Dry Dates (Rs per quintal)

Red 2700/12000 2700/12000

Rangkat 4000/14000 4000/14000

Raisin- Sangli 12000 *

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EX-IM Data of Indian Cashew Market for the month of October-2016

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Indian Cashew kernel exports- Destinationwise

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Are you planning to invest in new processing factory or modernize existing cashew processing

factory in India?

Cashew cultivation is expanding into new areas in India. Cashew processing too is being taken up in

non-traditional areas. Entrepreneurs face several questions when starting a new project, such as,

which technology to choose, what should be the scale, should we choose manual vs. semi-automatic

vs. fully automatic processing lines and where to set up the plant, what is the demand in my region

and what is the forecast and what are the risks in investing and so on.

The consulting arm of Cashewinfo.com would be happy to assist businesses in conducting Techno-

Economic Feasibility studies for either establishing a new factory or modernizing an existing factory.

Let us know your requirements, we would provide you with best advice. It is wise to talk to us before

investing your money. Please write to [email protected] or talk to Swapna at +91 93428 40609.

News Highlights

Tanzania: Cashew Market in Turkey Begs for Supplies

Tanzanians can benefit from lucrative cashew nut market in Turkey which begs for more supplies of

the popular snack, a Turkey Embassy official has said.Mr Onur Tekyildiz, the Commercial Attache in

the Embassy of Turkey, told the 'Daily News' in Dar es Salaam

Continue reading…

Royal Cashews’ 15th outlet unveiled at WTC

Royal Food Marketing Company unveiled its 15th Royal Cashews outlet at the World Trade Centre

(WTC) in Colombo. The occasion was graced by the company’s Managing Director Dr. Ruwan

Wathugala. Royal Food Marketing is a leading Cashew processing company in Sri Lanka that caters

to local and export markets.

Continue reading…

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Long Rest for Cashew, Dry Fruits and Costly Items in India

The ban on the circulation of Rs.500 and Rs.1000 denomination notes has reduced the cash flow in

the Indian retail sector. Consumer is purchasing groceries, vegetables, medicines and other needs as

he gets only Rs.20000 worth of change per week.

Continue reading…

Govt support to farmers has reaped benefits’

Panaji: Stating that farmers employed in the business of cashew cultivation need nothing but

government support, chief secretary R K Srivastava said on Monday that the minimum support price

given by the state has reaped positive outcomes in the cultivation of the crop

Continue reading…

Australia continues to build almond trade

Speaking at the Australian Almond Conference in Melbourne yesterday, Rabobank USA’s senior vice

president and senior analyst, Vernon Crowder, predicted Australia would contribute around 8.5 per

cent of the global almond crop by 2020, up from 7 per cent currently.

Continue reading…

California Pistachios Are Set For Record Year

Last year was a slow one for pistachios, with only 275 million pounds produced. Because pistachios

are alternate-bearing [tendency for an entire tree to produce a greater than average crop one year

and a lower than average crop the following year], last year’s disappointing crop allowed the trees to

rest before producing this year’s estimated record crop.

Continue reading…

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