cashew week Oct 12 - Cashewinfo.com fileCASHEW WEEK CASHEW WEEK Volume 17 | Issue 41 |Oct 02 – 09,...

A Product of

Cashew Market Commentaries from Experts

Indian Cashew Market Commentaries

International Cashew Market Commentaries

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... Face to Face with Mr P. Sundaram, at the

World Cashew Convention 2016

Indian EXIM Sep-2016

US Cashew Kernel Imports – Aug-2016

NewsHighlights

Upcoming Trade Events

image In Your Future

nanoSorter

~ Shuka 50KG Throughput Per Hour 5+2 Grades In a Single Pass

nano Sorter

~ Hamsa 75 KG Throughput Per Hour 5+2 Grades In a Single Pass

nanoSorter

~ ~~'!'ro~!t., Hour 5+2 Grades In a Single Pass

For trade enquiries contact: nanoPix Integrated Software Solutions (P) Ltd. 3rd Floor, Plot No 1 & 2, Akshay Plaza, Chetan College Road, Behind Bharat Petrol Pump, HUBLI 580031. Board: +91 72040 36524 / Sales: +91 70222 99990 E-mail: [email protected] www.nanopix-iss.com

|2|

Volume 17 | Issue 41 |Oct 02 – 09, 2016 CASHEW WEEK CASHEW WEEK CASHEW WEEK CASHEW WEEK A WEEKLY NEWSLETTER

|3|


Cashew Market Commentaries from Experts

Cashew market – India

Cashew kernel price -FOB Tuticorin- for W320 touched the historical high of USD 4.55-4.65 per lb,

while W240 was traded at USD 4.90-4.95 per lb and W450 at USD 4.45-4.50 per lb.

In the domestic markets too prices have climbed up further with W320 Mangalore traded at INR 810

per kg, while that of Kollam traded at INR 736 per kg and in Delhi the same was traded at INR 790 per

kg.

Prices of other grades viz., JH, K, S, SWP and LWP has also gained by about INR 10-20 per kg when

compared with that of last week.

DCCD (Directorate of Cashew nut and Cocoa Development) is proposed to organise a national

conference on Cashew to commensurate its golden jubilee celebration at Panjim, Goa in association

with the Dept. of agriculture, Govt. of Goa on 7th and 8th November 2016.

Indian raw cashew imports in September totalled at 75,893 tonnes. In the first nine months of 2016,

raw cashew nuts imports totalled 617,239 tonnes.

IVC tops the Indian RCN imports list with a share of 30%, followed by Tanzania at 15%, Guinea Bissau

at 13.5% and Benin at 12%.

Indian cashew exports in September 2016 totalled 4,432 tonnes. In the first nine months of 2016

Indian kernel exports totalled 57,700 tonnes as against 85,940 tonnes exported during the same

period in 2015.

In the first six months starting from April-16 to Sep-16, India had exported 36,072 tonnes as against

51,661 tonnes exported during the same period.

As rightly mentioned by CashewInfo.com (Volume 17, Issue 21), IVC – Coted’ ivoire is estimated to

have produced around 650,000 tonnes of RCN in 2016 as against 700,000 tonnes produced in 2015.

Indonesia

The Raw cashew nut for 51-53 lbs is being traded at around USD 2300 per tonne. Mostly Vietnamese

buyers are active in the Indonesian market and the Indian buyers are reluctant due to prevailing

higher prices.

Tanzania

In Tanzania raw cashew nut auctions are going to commence from 15th

October. This season

Tanzanian crop is expected to be higher owing to good climatic conditions so far. Cashew nut crop as

well as count is expected to be higher in Tanzania. Prices are expected to be higher in the region of

USD 1800 and USD 2000 per tonne and may even exceed.

|4|


USA

The USA cashew kernel imports in August-16 have declined to 13,620 tonnes as against 16,734 tonnes

imported during August-2015. In the first eight months of 2016 overall USA kernel imports totaled

91,721 tonnes as against 101399 tonnes imported during the same period in 2015.

Vietnam occupies the top slot with 74% of the total kernels imported by USA, followed by India with a

share of 10.76% and Brazil at 6.40%.

Currency

Indian rupee is likely to stay in the recent range of 66.20 and 67 going forward. The expected surge in

dollar index in the coming weeks may result in rupee weakening further despite good monsoon, and in

general expectation of good GDP growth in excess of 7.5% in 2016-17.

Brazilian Real may gain further below 3.0-2.8 levels going forward for the first time since April-2015, as

the new government is showing steps to contain the budget deficit.

Source: Cashewinfo.com

International Commentaries

The cashew market remains very steady according to our reports. Arriving supplies from the southern

hemisphere crops may eventually alleviate the prices of RCN as crop forecasts in East Africa and Brazil

are good, but we do not expect any real correction in prices until the arrival of new crop in the

northern hemisphere during Feb/March-2017. It is interesting to read reaction to RCN prices and

pressure on processors. In India there are some production development projects, which will

hopefully be successful, but we read in Tanzania trees being removed by farmers who receive low

prices due to the marketing system in place there. It seems to indicate the importance of good

government policies in improving production. This is especially so with many West African

governments considering new policies on cashews. The irony of uncompetitive African processors

asking for government for policy protection on the one hand and claiming that high prices of kernels

will damage demand on the other hand strikes us as showing the need for a real international

organised policy advocacy for the sector.

Source: Jim Fitzpatrick

Market continued to remain active with W240 and W320 are mainly traded. W240 traded at USD

4.80/4.85, W320 at USD 4.35/4.40, W450 at USD 4.25 per lb fob for Oct and Nov shipment, sold by

reliable packers. Packers’ prices were not reduced and they tried to offer few cents per lb higher

compared to current prices traded. Prices from top and reliable packers were high, but buyers were

not ready to pick up the offers. USA continued to be the leading import country during the week, but

most of trades were done for selected packers. Demand for brokens was weak but prices offered were

not weak. This might be supporting from whole grades demands. There are a lot of brokens from the

local market as packers could not sell while offers are much expensive to buyers. Sooner or later,

prices of brokens will be adjusted.

|5|


It is reported that china is covering goods at good prices but we are unsure about how big quantity is?.

This is not the time for China to buy big quantity as it will have plenty of time to buy later to meet its

China Lunar New Year.

RCN prices are firm, while quality is most concern for buyer together with high prices offered. so many

packers are not willing to confirm the offers as no parity between the kernels and RCN prices.

Source: Khiem, Vietnam

Temperature is increasing in Northern Mozambique with Maximum up to 35 degree Celsius, giving

ideal conditions for good Cashew Crop to develop. Only informal small traders buying has started in

Cabo Delegado Province, with price around 52 Meticais per kg. The official Launch date for cashew

campaign in Nampula will be on 27th October. The current local currency rate is around 80 Meticais

against 1 USD. In October , there are chances of more weakening of local currency. This year expected

to me be more cut throat competition to procure cashew, even Chinese buyers are expected to

participate in campaign this year, which will make local processors life a bit difficult.

Source : Dinesh Singh , Mozambique

The market went up during 2016 from levels around USD 3.35-3.50 per lbs up to USD 4.10-4.30 per lbs

basis FOB (for the main grade WW320). The main reason for this was the shortage of supply added on

to the minor quality of the raw seeds. Due to the minor quality of the raw seeds, processing costs are

increasing and processors are doing concessions to quality to make sure they can fill in their

commitments and signed contracts. This execution of border line quality cashewnutkernels is creating

more quality issues at destination as packers and industries are not happy and disapproving lots which

is causing a continuous demand in the market to fill up gaps.

Another reason was that most buyers in the beginning of the year were expecting the market to ease.

At the cashew conference in Dubai in February, a lot of buyers were anticipating on good crops on the

Northern Hemisphere giving a boost in supply and kernel prices to come down. The opposite

happened and buyers started to enter the market to cover their commitments, pushing prices up.

For a sustainable cashew market this is not good, where we have seen a stable growing consumer

demand (4-7% annually), the 2016 prices might disturb this growing curve. We are not seeing this to

happen right now, but a lot of contracts for 2017 with the supermarkets will be closed during October

and November, the consumer will only see the higher prices only from January 2017 onwards and

consumer demand might be hit than. Packers and industries will be cautious covering their forwards

keeping this in mind and that hopefully will help the market a little bit to find his feet. Stable prices are

creating growth. The volatile market of 2016 will disturb this stable growth.

On the supply side we have to wait for the Southern Hemisphere crop. Hopefully this will give some

relief, but so far the prices has not come down yet (keep in mind that Southern Hemisphere crops will

only give 20-25% of the total world supply). Tanzania and Mozambique –who together might produce

around 200,000 mton of raw seeds are having a growing domestic processing industry (Mozambique

will process approx. 50-70% locally in very good factories and Tanzania will process around 20-30%

|6|


locally). Brazil is not exporting raw seeds, so India and Vietnam in the coming months will mainly

depend on Indonesia and Tanzania new RCN crop.

The prices for Indonesian raw seeds are around Usd 2000 per mton (the equivalent of kernels WW320

would be around Usd 4.50-4.70 per lbs) and is not looking promising as there is a lot of demand for

those raw seeds.

Tanzanian prices will be known during October/November while Mozambique only will export –

although not of impact in the international market- during February/March of next year.

The crops in the Northern Hemisphere will only become available from February onwards until

June/July. Hopefully the main producing origins in West Africa and India will have good crops bringing

the peace back in the market. (A note to make here is that a number of West African producing origins

are working on protection of their own industry with export taxes or other instruments. This is very

good for the local African processors but might give pressure on the Indian and Vietnamese processors

buying from West Africa!)

On the demand side we have seen an annual growth of 4-7%, which is expected to take a hit in 2017.

What the impact will be is hard to say, as cashewnut is still a very favourable nut, well appreciated by

the consumers, mainly for snacking. The cashewnut has to compete –especially now and in the near

future- with the almonds, which came down in price and due to a good crop and the prices are not

going to rise in a hurry. Packers are trying to decrease the % of cashewnutkernels in their mixes and fill

up with more almonds. The cashewnut industry has to find his way out on how to handle this, but as

the producing / processing countries are divided worldwide, generic marketing will not be easy.

FDA-FSMA-Another very important issue that the cashew sector has to work on is its food safety. A lot

of factories are not ready for buyer’s requirements. Supermarket chains and industries are requiring

more and more food safety guarantees to avoid claims and black listings, especially in the US (with

Europe expected to follow shortly), as the Food Modernization Act is very high on the USDA & FDA

agenda. The cashew industry has to be prepared for that. Now, most of the time it is preferred to have

HACCP and BRC certified factories, in the not too long future, this will become a requirement and

packers need to be audited accordingly and only approved/certified factories be allowed to deliver

certain customers. We are aware that in Europe some supermarket chains are not approving the

origin of the nuts but the factory already!

A ‘threat’ for the cashew industry is the mind-set of processors. Are they a processor or are they a

trader? To build your market and customer base, you have to understand the requirements of the

buyers (not just fill them in!). A processor needs to know why he is doing something to guarantee his

specifications and food safety. A lot of small traders turned into processors over the past years

(especially in Vietnam) damaging the image of the industry with small factories not qualified to handle

food. Those processors expect to get a better return on processing than they had on trading. This is

different than a quality minded processors whose goal is to set and build long term relationships with

|7|


customers who are satisfied with the product he is delivering! A processor needs to earn money but

his main goal should be to get the best factory possible to guarantee specifications and food safety!

Our experience of the past 2 decades is that this creates a sustainable business, giving customers the

comfort they are looking for and guaranteeing them a long term relationship.

The consumption of nuts in Europe is expected to grow as nuts in general (including cashews) are still

recommended as a very healthy snack food and most importantly, replacement of meat. The

academic research supported by the International Nut Council is very important to make the

consumer aware of the health claims of nuts and they are successful. The only ‘cloud’ on the

continuous growth could be the volatility of prices creating uncertainty with packers (who quite easily

can replace cashews) but also the R&D departments of industry, who usually work on projects, which

takes months and sometimes years to find his way from the first idea to consumer. When the nut

price is volatile, the product can become too expensive and lose interest. Also because of this, a more

or less stable market is the only guarantee for a sustainable cashew trade.

Source: Kees Blokland

Raw cashewnut auctions in the country start from 15th October 2016. Number of raw cashewnut

buyers already registered reached 66 according to the recent released report.

Source: Juma, Cashewnut Board of Tanzania

Please visit www.cashewinfo.com for weather report.

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

Cashew kernel price for FOB W320 moved up further and traded in the region of USD 4.55 and4.65/lb,

the highest since August-2011 historic high of USD 4.60-4.65 cents per lb. Next few weeks are crucial

so as ascertain whether prices will sustain at current historical levels or not.

|8|


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

RCN price declined substantially in the region of INR 11800 and 11900 per 80 kg and it may soon ran

out of stocks going forward as far as local RCN is concerned.

Almond report- California and New Delhi

The market in Delhi's Khari Baoli closed for private packers for the week ending October 8th 2016 at

INR 15600-15900/40 Kg for 70% Sliding Scale Basis, which is equivalent to USD 2.16-2.187/lbs of

origin's equivalent, with BD commanding a premium of over 2% the private packers. FAQ Kernels

dropped to INR 575-580/kg with Hand Picked trading over INR 590-600/kg. Sonora Kernels are in good

demand trading over INR Rs.700/Kg and up to INR 1000/kg depending upon size and colour as

required for gift packing's.

Demand for the kernels has been decent though not very encouraging or as per expectations. Traders

are now banking on the last 15 days sales of the festival season. The other way to look around is that

the supplies of the NP In shell's is in excess to the demand and prices for the locally traded Badam ( NP

Inshell's) is not going up despite as stated decent demand of the kernels due to August shipment of

around 34.5 Million Lbs/1100 Containers. Further, market is expecting higher shipment numbers even

for September shipments, which will be announced during this week, though it may not be as big as

August for India and accordingly the traders have started discounting the current trades. But, on the

other side California prices have been very high and are being quoted around USD 2.40/Lbs.The

increased prices will surely give boost to Indian sentiments going forward.

There has been very little demand from India to California during the last 2-3 weeks largely for two

reasons, as most of the traders are busy selling their goods and the difference between the

replenishment costs are high. Many of the opportunity traders have opted not sell and liquidate at

these prices, and have remained non active. Further the Delhi markets in the last 15 days have seen 2-

|9|


3 traders defaulting ,filing insolvency worth 3 million US$ causing panic and cash crunch which has

impacted the prevailing positive sentiment. Importers are now hesitant to offer In Shell's to these C

grade traders and most of the importers out of panic have started shelling the Almonds and selling

them out of the counters.

Pistachio prices have been falling like a pack of cards and many of the importers /traders have lost of

2$/kg in the last 1 month alone. Iran has been offering cheap material as they seem to be afraid of the

size of American Crop.

Walnuts have been trading at more than decent prices despite the replenishment cost being cheaper

as t he material from new crop will only get shipped in t he month of Oct and will reach India In

November End but it is expected that the shipments will be huge as most of the opportunity traders

bought from Ca looking at the domestic prices which were high due to shortage of supplies in the last

3-4 months. Today the Markets in India are trading over at INR 500/kg for In shell and Light Amber

Halves at INR 1300/kg, But once the cargo starts landing in India the prices will be half of today due to

excess supplies, and landed costs.

Cashew Prices are historically high and show no sign of softening, LWP/Broken or 4 Pcs are trading

$1.5/kg higher than the FAQ Almond Kernel Prices with W240 at INR 950-1000/kg and W320 at INR

850-875/kg. Heard that some business in Exports being traded @ $4.75/Lb for 320's.

The talk of the rains in California has already begun and many are speculating on less rains which

should if happen will drive the prices to further new high's.

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

|10|


|11|


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 10/01/2016 10/10/2016

India, local Odisha (INR per 80 kg bag) 12550 11800-11900

Ghana (USD per tonne CNF) 1687 1534-1654-1789

Tanzania (USD per tonne CNF) * *

Guinea Bissau (USD per tonne CNF) 1582-1806-2030 1444-1804-2090

Burkina Faso (USD per tonne CNF) 1507-1552-1582 1519-1579-1639

Ivory Coast (USD per tonne CNF) 1388-1612-1761 1293-1594-1729

Indonesia (USD per CNF) * *

Mozambique (USD per CNF) * *

Benin (USD per CNF) 1492-1627-1731 1519-1639-1789

Guinea (USD per CNF) 1328-1597-1791 1624-1669-1699

Gambia(USD per CNF) 1597-1821-1925 1654-1865-1925

Senegal(USD per CNF) 1597-1776-1985 1504-1804-1970

Togo (USD per CNF) * *

Nigeria (USD per CNF) 1418-1478-1612 1308-1534-1624

Mali (USD per CNF) 1254 *

Madgaskar (USD per CNF) * 1579

Canfo (USD per CNF) * 1669

Indian RCN price at various markets Unit Rs per kg Unit Rs per kg

Mangalore * *

Goa 150 155

Kollam * *

Panruti * *

Jeypore 156 160

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 10/7/16

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

W240 4.90-4.95 4.9 4.75-4.80 W320 4.55-4.65 4.45 4.35-4.40 W450 4.45-4.50 4.3 4.25 SW320 4.35-4.45 3.9 - SW360 4.20-4.30 3.8 - SSW 3.85-3.95 3.7 - LP/LWP 3.20-3.30 3.9 3.05-3.10 Ws 3.50-3.60 4 3.25-3.30

|12|

Volume 17 | Issue 41|Oct 02 - 09, 2016 CASHEW WEEK CASHEW WEEK CASHEW WEEK CASHEW WEEK A WEEKLY NEWSLETTER

Table 3: Cashew Kernel: India spot prices in production centres as on 10/7/2016 in INR/kg Grades Manglore(Karnataka Kollam(Kerala) Vetapalam(A.P) Jeypore(Odisha) Ganjam(Odisha) Goa

W180 1045 970 - - 860 1064 W210 944 838 840-850 850 - 967 W240 860 772 800-810 850 800 870 W320 811 736 740-760 800 760 774 W400 772 - 700-710 780 - 725 W450 0 692 - - 720 696 W1 794 - 600-640 - - 745 S180 970 - - - - 970 S210 944 - - 910 - 919 S240 860 705 - 820 - 851 S 728 714 - - - 696 LWP 679 670 635 637 680 629 SWP 617 595 540 590 590 551 K 705 670 - 675 - 648 JH 754 714 700 693 720 725 SSW 763 - - 740 - 648 BB 525 661 430 - 540 435 JK/JB 714 - 635 685 860 658 SW 776 - - - - 696

Prices of Nuts in Other Indian Markets

TABLE 4: Cashew kernel: India spot prices at terminal markets as on 10/7/2016 in INR/kg

Grades Delhi Sangrur(Punjab) Jalandhar(Punjab) Kolaphur(Maharastra) Mumbai

W180 1075 907.5 820 1060 1125

W210 975 865 775 960 1250

W240 867.5 855 717.5 900 925

W320 790 807.5 735 800 830

W400 - - 780

S 730 657.5 - 700 740

LWP 707.5 637.5 - 680 690

SWP 617.5 527.5 - 610 660

*Price of Last week

|13|


Currency Movement - Forex rates in USD

*Note INR closing price as on Oct-10-2016

Indian Rupee

The RBI last week has cut repo rate by 25 bps to

6.25%, citing easing of inflation. In its first meeting,

the newly formed Monetary Policy Committee

(MPC), all members of policy decided for 25 basis

point rate cut. The US non-farm pay rolls rose less

than expected in September to 156,000 as against

175,000 forecasted.

Indian rupee last week traded in the region of 66.39 and 66.86 and finally settled at 66.56 on

Monday (Oct-10th). Next resistance is seen in the region of 67.13 and 67.41/67.51 and only above to

depreciate further. At the same time support is seen

at around 66.30-66.20 levels.

Brazil Real

Brazil real gains after its lawmakers approved a

proposal to limit growth in public spending, an

important measure to contain the near record

budget deficit. Meanwhile dollar index gained and

stayed above 97 on increased bets on rate cuts by

Federal Reserve in December.

Currency 9/30/2016 10/11/2016

Indian Rupee (INR) 66.66 66.58*

Euro (EUR) 1.12 1.10

Japanese Yen (JPY) 101.34 103.51

Brazilian Real (BRL) 3.26 3.20

Chinese Yuan (CNY) 6.68 6.73

Singapore Dollar (SGD) 1.36 1.38

Tanzanian Shilling (TZS) 2182.40 2183.35

Thai Baht (THB) 34.59 35.45

Mozambique New Metical (MZN) 78.51 78.44

Vietnam Dong (VND) 22298.50 22298.00

Indonesian Rupiah (IDR) 13021.00 13075.00

Benin CFA Franc BCEAO (XOF) 593.50 599.50

Ghanaian New Cedi (GHS) 3.97 3.97

|14|


Brazil real last week traded in the region of 3.2625 and 3.1937 and finally settled the week at 3.1989.

On the higher side resistance remain in the region of 3.26 and 3.35. At the same support is seen in

the region of 3.15 and 3.11.

Vietnam Dong

Banks in Vietnam expect lending this year to

exceed the central bank’s target, growing 21.82

percent from the end of 2015 as improved

business conditions have spurred credit demand,

according to a new survey by the central bank.

The State Bank of Vietnam has targeted credit

growth of between 18 percent and 20 percent

this year, up from 17.26 percent in 2015.

Vietnam dong last week traded in the region of

VND 22253 and VND 22350. Vietnam dong is

expected to trade in the broader region of 22171

and 22450 going forward.

Comparative Movement of Currencies in 2016

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

Export Trading Group902 - East Wing

Index Tower, DIFC Area, Dubai,United Arab Emirates

UAE - Ph: +9714 386 4551 | Mob: +971-504508141, Fax: +9714 386 4552

Email: [email protected], Web: www.etgworld.com

|15|


Table 6: Cashew kernel: Africa spot prices as on 10/7/2016 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 9/30/2016 10/7/2016

Almond Giridi in shell 137.5/140 137.5/140

Almond Gurbandhi in shell * *

Almond California in shell 410/412.5 410/412.5

Almond Kernel California 585/590 580/590

Almond Kernel Gurbandi 725/825 725/825

Pistachio Irani 1100/1200 1100/1200

Pistachio Hairati 1200/1310 1200/1310

Pistachio Peshawari 1400/1480 1400/1480

Walnut New 380/460 380/460

Walnut Kernel 1175/1400 1175/1400

Fig Common 300/375 300/375

Fig Medium 400/550 400/550

Fig Best 625/750 625/750

Apricot 412.5/1000 412.5/1000

Kishmish (Rs per kg )

Indian Yellow 70/112.5 70/112.5

Indian Green 125/205 125/205

Kandhari New 300/450 300/450

Ranga 212.5/220 212.5/220

Dry Dates (Rs per quintal)

Red 2700/12000 2700/12000

Rangkat 4000/14000 4000/14000

Raisin- Sangli 13500 11000

|16|


Face to Face at World Cashew Convention 2016

We can reduce the cost of production by mechanization and automation of the industry, for which

the existing industrialists have to invest huge money; they need support and financial assistance

from the government as well as from the financial industry/institutions

P. Sundaram, Chairman CEPCI

This is a transcript of the exclusive interview with Mr. P. Sundaram, Chairman CEPCI taken on the

occasion of World Cashew Convention 2016

…………………………………………………………………………………………………………………………………………………………….

What are the steps taken by CEPCI to boost cashew kernel exports from India?

Presently the cashew export industry is facing a lot of issues and challenges; year 2015 has

witnessed a sharp decline in exports mainly due to low production and other connected activities

and problems in export industry. Export incentive is a solution only for a part of the issue faced by

the industry, which includes many bigger issues. Availability of raw cashew nuts in reasonable and

parity price is the main issue, but unfortunately since 2014 there was a steep increase in the price of

RCN. 1. Production cost in India is very high when compared to that of its competing countries like

Vietnam and producing countries like Africa, so we should try to convert the industry from manual

to mechanization. We can reduce the cost of production by mechanization and automation of the

industry, for which the existing industrialists have to invest huge money, they need support and

financial assistance from the government as well as from the financial industry/institutions. Grant’s

currently that we are receiving from government of India is of about 35%, which is not sufficient to

meet the requirement for the full mechanization of the cashew sector

The high price of RCN, India imports more than 9 lakh tones of RCN from other countries (2014 and

2015) and a domestic production of 7 lakh tones of cashew is required to meet the installed capacity

of the Indian factories. Initially it was only from Kerala, Karnataka, Andhra Pradesh, Tamil Nadu and

Maharashtra but now the production is spread over all parts of the country, but still we are

dependent on imported RCN from African countries.

|17|


CEPCI is actively involved in nutritional research study of cashew i.e., Cashews consumption on the

health of Diabetic. Can u kindly elaborate on it

INC has done a research and study on health and nutritional benefits of cashews and the article has

turned out to be positive. At the same time, CEPCI has taken an initiative to make an study on

consuming cashews and its effect on diabetic patients, the primary result has come out and its

positive and we hope that the final result will benefit the whole cashew industry. Consumption and

exports of the cashew kernels will increase and the demand for kernels will increase and hence it

ensures a good future for the cashew industry.

Do you see any scope of increasing export incentive for cashews from Ministry of Commerce in the

coming month so as to boost cashew exports from India?

It depends on the government of India and if the government of India is very particular to give more

incentives to the industry off course the exporters will be encouraged and exports will be increase

substantially

Achievements of CEPCI in 2015 and goals for 2016

CEPCI as this a diamond year we have been celebrating a year round programs and we hope that the

diabetic studies will be positive and we can make use of this result to increase the exports and the

foreign buyers will be convinced that cashews are healthy for consumption and we visualize the

cashew exports to go up.

|18|


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

Cashew Nut Price Increasing on Tight Supplies

Spend Matters welcomes this guest post from Corrina Hutchings, market analyst at Mintec. The

cashew nut is increasing in popularity as research continues to show the health benefits for

consuming them – as long as they are not salted or honey roasted! Raw cashews will not only

improve the taste of your curries or stir-fries

Continue reading

Tanzania: Mkinga Cashew Farmers Grapple with Ravaging Pests

Tanga — Cashew was once one of the leading export earning crops in the country, grown only in the

Southern Regions - Lindi and Mtwara until a decade or so ago. In Coast Region, a few plants would

be spotted amidst shrubs.

Continue reading

One Province, One SME Zone

Next year will be breakout year for Cambodia's small and medium enterprises (SMEs), with specific

zones being organized in each province to promote productivity, quality and regional

competitiveness, the president of the SME federation said yesterday. Te Taing Por

Continue reading

Government move not rooted in ground realities

When around two lakh acres of land in the plantation sector is lying barren in the state, the

government is contemplating to take on lease 50,000 hectares in Andhra Pradesh for cultivating

cashew in a bid to save the sector.

Continue reading…

http://www.cashewinfo.com/news/news.asp?cmid=&fn=DTCashew3_101216




|19|


Ivory Coast: the production of cashew estimated at 650,000 tons at the end of the 2016 campaign

The production of cashew nuts in Ivory Coast is estimated "650,000 tons" at the end of the 2016

campaign against "700,000 tons" in 2015 is a "down 50,000 tons", said Wednesday the industry

players INFO to ALERT.

Continue reading…

Nigeria: Cashew Export - NCAN to Launch 8 Percent Cashew Moisture Protocol

The National Cashew Association of Nigeria (NCAN) on Sunday said it was finalising plans to launch

the eight per cent Cashew Moisture Protocol to minimise sprouting of exported raw cashew nuts.

Continue reading…

Indian Ex-Im Data for the month of September 2016

Country wise Import of RCN - September-2016

Country of Origin Qnty (tons) Value INR Million Value USD Million

BENIN 6856.92 737.99 10.88

BURKINA FASO 2989.61 339.77 5.01

COTE D IVOIRE 15419.59 1626.06 23.98

FRENCH GUIANA 1662.39 186.50 2.75

GAMBIA 4413.61 532.22 7.85

GHANA 719.90 73.65 1.09

GUINEA-BISSAU 35707.53 4165.62 61.42

MALI 105.63 8.86 0.13

NIGERIA 1748.66 169.08 2.49

SENEGAL 5583.06 651.75 9.61

TANZANIA 151.60 15.45 0.23

TOGO 534.69 55.26 0.81

Grand Total 75893.17 8562.22 126.26

http://www.cashewinfo.com/news/news.asp?fn=Dtcashew1_100516&cmid=

http://www.cashewinfo.com/news/news.asp?fn=DTCashew101216&cmid=

|20|


|21|


US Imports of Cashew Kernels for the month of August 2016

|22|


Cashew weekly printed Edition is promoted in the following events

Event Name Date of Event City / Country

SIAL Paris

16 - 20 October, 2016

Paris, France

SIETTA

17-19 November 2016

Abidjan, Côte

d'Ivoire

The 8th

Golden

Cashew

Rendezvous

2016-VINACAS

10-12 Nov 2016

Da Nang, Vietnam

3rd

World

Cashew

Convention

2017

9 -11 February 2017

Singapore

Gulfood

26th

Feb -2nd

March 2017

World Trade

Centre, Dubai

turn key plants and machinery for the cashew nut processing

OLTREMARE SRL

ITALY – VIETNAM – BRAZIL – INDIA – WEST AFRICA – EAST AFRICA Headquarters: Via dell’Industria,17-19, Zona Ind. Bargellino - 40012 Calderara di Reno (BO) Italy

+39 051 29 88 311 - +39 051 29 88 333

mail: [email protected] - [email protected]: www.oltremare.biz

ttuurrnn kkeeyy ppllaannttss wwoorrllddwwiiddee sstteeaamm rrooaasstteerrss ggrraaddiinngg mmaacchhiinneess

aauuttoommaattiioonn ssyysstteemmss sshheelllliinngg mmaacchhiinneess ddiicceerrss

cclleeaanneerrss sshheellll//kkeerrnneell sseeppaarraattiioonn ssyysstteemmss sspplliitt//ppiieecceess sseeppaarraattoorrss

ccaalliibbrraattoorrss ccoonnttiinnuuoouuss aanndd ssttaattiicc ddrryyeerrss iinnggrreeddiieenntt pprreeppaarraattiioonn ssyysstteemmss

RRCCNN hhuummiiddiiffiiccaattiioonn ssyysstteemmss ppeeeelliinngg mmaacchhiinneess ppaacckkiinngg ssyysstteemmss

CCNNSSLL bbaatthh rrooaasstteerrss ccoolloorr ssoorrtteerrss bbuucckkeett eelleevvaattoorrss

mailto:[email protected]%20-%[email protected]:%20www.oltremare.biz

mailto:[email protected]%20-%[email protected]:%20www.oltremare.biz

|23|


To advertise in the printed version of Cashew Week Special editions Write to [email protected]

or call on 00 91 93428 40609.

"Do you have an interesting story to share with us on cashew value chain (in your region/country),

innovation, processing, technology, financing or any topic related to cashew industry? If yes, write

to us at [email protected]”

REACH OUT

TO

GLOBAL CASHEW INDUSTRY

ADVERTISE IN

CASHEW WEEK & WWW.CASHEWINFO.COM

For Advertisement in Cashew Week

&

Banner Space on www.cashewinfo.com

CONTACT: [email protected]

Disclaimer: The data and information presented in this report are based on efforts of analysts at Foretell Business Solutions Private

Limited, Bangalore and opinions and data obtained from experts and various industry sources. While sufficient care has been taken to

check data and information prior to publishing, Foretell or its employees or external contributors will not be responsible for any kind of

errors or omissions or misrepresentation of data or for losses incurred by any party either directly or indirectly based on the information

published herein.

Caution to Readers

Although paid advertisements appear in this publication (in print, online, or in other electronic formats), Foretell Business

Solutions Private Limited (the owner of cashewinfo.com) does not endorse the advertised product, service, or company, or

any of the claims made by the advertisement. Readers are encouraged to do the necessary due diligence. However, in the

interest of the industry, please share your concerns, if any, by writing to us at [email protected]

cashew week Oct 12 - Cashewinfo.com fileCASHEW WEEK CASHEW WEEK Volume 17 | Issue 41 |Oct 02 – 09,...

Documents

Transcript of cashew week Oct 12 - Cashewinfo.com fileCASHEW WEEK CASHEW WEEK Volume 17 | Issue 41 |Oct 02 – 09,...