we thank all the delegates, sponsors, supporting bodies and …€¦ · the average export price in...

We thank all the delegates, sponsors, supporting bodies

and exhibitors in making WCC 2015 a global platform

Successfully

5-6 Feb 2015, Atlantis



Successfully concluded on

6 Feb 2015, Atlantis- The Palm,

Dubai



VOLUME

16 ISSUE

07 08-14 Feb, 2015

In the Cashew Week...

Cashew Market Commentaries from Experts

Indian Cashew Market Commentaries

Indian CNSL Market Commentaries

Cashewinfo Exlucive: Indian Cashew Exim Trade

January 2015

International Cashew Market Commentaries

Face to Face at World Cashew Convention 2015

Currency Movements

Forex Rates

Currency Outlook

USD v/s INR Movement

USD v/s BRL Movement

USD v/s VND Movement

Prices of Nuts

Domestic Prices of Nuts

International Prices of Nuts

Newshilights

Upcoming Trade Events

Indian Trade Events

International Trade Events

In the Cashew Week...




Cashewinfo Exlucive: Indian Cashew Exim Trade-


World Cashew Convention 2015

2

VOLUME

16 ISSUE

07 08-14 Feb, 2015

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

During the week, W320 grade traded in the range between USD 3.3

Fig 2: Raw Cashew Nut (RCN) - Average Price INR

Ex- Vetapalem (Andhra Pradesh, India)

During the week, Indian RCNprice increased to INR 8800

Average FOB prices at Tuticorin port, India (USD/lb)

the range between USD 3.30 and 3.50 at Tuticorin.

Average Price INR per 80 kg bag

increased to INR 8800 per 80 Kg bag at Vetapalem (AP).

3

VOLUME

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07 08-14 Feb, 2015


Indian Cashew Market

There is not much "movement" in international prices

as probably most customers are on "wait and watch"

mode. Developments on the production side are not

transmitted to consumption side till very late.

Brazil: We have no news of the production trend of

2014 crop. It was last noted that manufacturing in

Brazil is not as strong as Vietnam and India. Overall

Brazilian and South American consumption has also

gone up. Macroeconomic issues influence Brazilian

decisions. Brazil needs to expand RCN production

India: Crop is perceived as "late". There is demand for

Raw Cashew Nut and the prevailing prices to producers

are in the 90s. Expectations are crop will commence in

March and will take into account factors in Indian crop

as weeks progress. Please be prepared for April fool’s

day which is also the beginning of Indian fiscal year.

Macroeconomic issues and foreign trade policy when

announced could have an influence.

Overall India is an enigma wrapped in mystery as far as

cashew is concerned. One never knows what's

happening. A guided tour of Indian cashew could get

popular!

Indian domestic kernel prices are warming up primarily

hit by a red ball of high import costs and factories

running out of material for the first time in last seven

years.

Vietnam: Vietnam domestic crop and prices will be the

pivotal once started and reaching factories the supply

side will be positive flow to markets which Vietnam

serves.

West Africa: Will be the Cashew Basket of the world.

Cashews from the White Continent it's no longer

backward!

Logistics, trading practices bordering on medieval and

the gold frontier for cashew traders all provide a heady

mix. Initial trades have been high and at reasonable

prices. African cashew economy will get vitamin doses

for growing for next two decades. For now, it will be

expansionary prices.

US: will continue to dominate world buying



There is not much "movement" in international prices

customers are on "wait and watch"

mode. Developments on the production side are not

transmitted to consumption side till very late.

Brazil: We have no news of the production trend of

2014 crop. It was last noted that manufacturing in

ng as Vietnam and India. Overall

Brazilian and South American consumption has also

gone up. Macroeconomic issues influence Brazilian

decisions. Brazil needs to expand RCN production

India: Crop is perceived as "late". There is demand for

the prevailing prices to producers

are in the 90s. Expectations are crop will commence in

factors in Indian crop

s progress. Please be prepared for April fool’s

day which is also the beginning of Indian fiscal year.

Macroeconomic issues and foreign trade policy when

Overall India is an enigma wrapped in mystery as far as

cashew is concerned. One never knows what's

happening. A guided tour of Indian cashew could get

domestic kernel prices are warming up primarily

hit by a red ball of high import costs and factories

running out of material for the first time in last seven

Vietnam: Vietnam domestic crop and prices will be the

tories the supply

side will be positive flow to markets which Vietnam

West Africa: Will be the Cashew Basket of the world.

Cashews from the White Continent it's no longer

Logistics, trading practices bordering on medieval and

ntier for cashew traders all provide a heady

mix. Initial trades have been high and at reasonable

prices. African cashew economy will get vitamin doses

for growing for next two decades. For now, it will be

world buying

Europe: will continue to steadily contribute to

consumption at its own pace.

Suggestion: Europe and USA should lead cashew kernel

shelf price increases for 2016 and pay the price cashew

deserves for the 2015 crop. Question is who will do the

math and take a lead.

Japan and OECD: Will continue to maintain base.

Other countries: will continue expansionary

consumption which will eat into the shares of OECD.

East Africa: Needs to be mentioned as the logistics

tangle in Mtwara and the residual Dar

find its way to production.

Overall for cashew it will be a hot and sweaty season

ahead and every day will be an interesting day.

Cost pushes will aggravate and demand pulls at higher

prices could give resistance. Welcome to the tug of

war. Buyers will prevail over sellers?

Fragmented markets will make for fragmented thinking

and proceedings of the Dubai Convention w

chewed at the Mangalore C

carried to Golden Vietnam and all over again to INC.

Seminars, conferences, conventions and workshops will

generate the action plans for cashew economies

ahead.

Expect broken market to be more active and buoyant

than wholes so whole new paradigms will emerge

without anyone knowing, seeing or doing!

Cashew is God’s Own Seed.

So play on into his Divine Hands.

Source: Mr. GiridharPrabhu, Achal Cashews, Mangalore

4


Europe: will continue to steadily contribute to

consumption at its own pace.

Suggestion: Europe and USA should lead cashew kernel

shelf price increases for 2016 and pay the price cashew

deserves for the 2015 crop. Question is who will do the

Japan and OECD: Will continue to maintain base.

Other countries: will continue expansionary

consumption which will eat into the shares of OECD.

East Africa: Needs to be mentioned as the logistics

tangle in Mtwara and the residual Dar E Salaam could

Overall for cashew it will be a hot and sweaty season

ahead and every day will be an interesting day.

Cost pushes will aggravate and demand pulls at higher

prices could give resistance. Welcome to the tug of

Buyers will prevail over sellers?

Fragmented markets will make for fragmented thinking

and proceedings of the Dubai Convention will be

chewed at the Mangalore Convention and then will be

carried to Golden Vietnam and all over again to INC.

conventions and workshops will

generate the action plans for cashew economies

market to be more active and buoyant

than wholes so whole new paradigms will emerge

seeing or doing!

s Own Seed.

So play on into his Divine Hands.

Source: Mr. GiridharPrabhu, Achal Cashews, Mangalore

VOLUME

16 ISSUE

07 08-14 Feb, 2015

Thanks to Cashew Info.com for organizing a grand

success event like the World Cashew Convention 2015

at Atlantisthe Palm, Dubai on last 5th & 6th Feb. 2015.

Where it brought all the stake holders of Cashew Value

Chain to a single platform like WCC to discuss

address the various problems and create awareness

among all the stake holders and also for the future

growth of the Cashew Industry.

Regarding the market position of Cashew Industry in

this eastern part of India, some cashew factories

started closing their industries due to want of Raw

Cashew Nuts. The available Tanzanian c

origin available is being offered at 1550 USD per MT

CNF Tuticorin on High Sea Sale., which is too high

not matching with Kernel sale price, for the small

processors. Hence it seems towards the end of March

almost all the Industries will be closed in this region

except very few.

Till today the new crop flowering seems to be good

and satisfactory with expecting a good har

flowering stage which will boost the flowers to sustain

and produce good crop but. But it is also reported in

some areas instead of a shower there was fall of

cubes which may affect the crop to some

However it is now too early to come to

for any crop size but looking to the present flowering

condition, overall in the entire region till now the crop

condition is satisfactory. Another important point is

that this year the crop will reach market little lately.

Looking to the present crop situation the c

reach the Mandis/Market towards middle of April or

end of April.

The kernel market is strong and stable with good

demand. More specifically the broken

gone up in comparison to Wholes and also with more

demand.

com for organizing a grand

hew Convention 2015

on last 5th & 6th Feb. 2015.

Where it brought all the stake holders of Cashew Value

to discuss and

create awareness

also for the future

market position of Cashew Industry in

this eastern part of India, some cashew factories

started closing their industries due to want of Raw

n crop, the only

1550 USD per MT

in on High Sea Sale., which is too high and

rice, for the small

ms towards the end of March

most all the Industries will be closed in this region

eems to be good

satisfactory with expecting a good harvest, at this

flowering stage which will boost the flowers to sustain

produce good crop but. But it is also reported in

ower there was fall of ice

the crop to some extent.

to any conclusion

esent flowering

all in the entire region till now the crop

condition is satisfactory. Another important point is

s year the crop will reach market little lately.

the present crop situation the crop will

reach the Mandis/Market towards middle of April or

stable with good

brokengrades have

gone up in comparison to Wholes and also with more

Table 1: Cashew Kernel prices i

as on 02/14/2015

Grades Jeypore

W240 580-585

W320 540-545

W450 510-515

JH 520-525

K 465-475

Source: Mr. RajendraSabat, Sabat Associates, Odisha

Mr. Biju P. M/s Agro Trade international, Kollam

Table 2: Cashew Kernel prices in USD per lb

as on 02/14/2015

Grades

W180

W210

W240

W320

W450

SW240

SW320

Splits

LWP

LSP

Packaging: 1x50 lbsTin/Vaccum, Shipment: Prompt

5

: Cashew Kernel prices in Odisha (INR per kg)

Coastal Odisha / Palasa

535-540

490-495

465-470

490-495

450-460

Source: Mr. RajendraSabat, Sabat Associates, Odisha

Mr. Biju P. M/s Agro Trade international, Kollam

ashew Kernel prices in USD per lb fob in Kollam

02/14/2015

4.50

4.25

3.75

3.50

3.40

3.45

3.40

3.30

3.25

3.15

Packaging: 1x50 lbsTin/Vaccum, Shipment: Prompt

VOLUME

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07 08-14 Feb, 2015


Mangalore

The CNSL price remained same at INR 25.00

The prices of Cardanol came down to INR 50

Source: Mr. Venkatesh, Kanco Southwest Enterprises, Mangalore, Karnataka

Tamil Nadu

There is no much activity in the CNSL marke

about INR 8.90 per kilo. Cake is around INR

Source: Mr. Omprakash N. Phadnis, Phadnis


5.00 per kg in Ex-Mangalore.

ardanol came down to INR 50.00 as compared to last week price at INR 51.00 per kg in Ex

Venkatesh, Kanco Southwest Enterprises, Mangalore, Karnataka

much activity in the CNSL market. The CNSL is steady at INR 26 per kilo on credit basis

about INR 8.90 per kilo. Cake is around INR 6 per kilo, with very less movement.

Source: Mr. Omprakash N. Phadnis, Phadnis Cashews, Panruti,Tamil Nadu

6

per kg in Ex-Mangalore

per kilo on credit basis and cashew shells are

ADVERTISE IN PROCEEDINGS OF WCC 2015

Dear Delegate,

It’s been our tradition in collating and disseminating information to the industry since 1998. WCC 2015 is

offering one such excellent opportunity to collate, publish and circulate key points & findings from the

panel discussions and presentations on cashew industry.

CashewInfo.com will be releasing a printed version of WCC 2015 Proceedings with all

presentations, key points discussed in panel discussions, photos, etc.

Advertise in WCC 2015 Proceedings

Advt Position Tariff for WCC participants Regular Tariff

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Center Spread USD 900 USD 1600

Back Cover USD 600 USD 1100

Front Inner USD 500 USD 900

Back Inner USD 500 USD 900

Any Inner Page USD 200 USD 400

Why Advertise:

- The copies will be circulated to all the participants, key industry members.

- Digital copy will be made available throughout the year on www.cashewconvention.com and

www.cashewinfo.com.

- Digital version will be sent to around 10000 email ids.

- CashewInfo.com will circulate copies in all conferences around the world, throughout the year.

- Cost effective way of advertising and reaching out to your target audience.

The printed version will be released within 1-month from the convention dates. Last date to confirm your

advertisement is 20th Feb. Last date to provide advertisement material is 28

th Feb.

Look forward to your favorable response.

Warm regards,

Swapna Asst Vice President [email protected], +91 9342840609

VOLUME

16 ISSUE

07 08-14 Feb, 2015

Indian Cashew Exim Trade

Import of cashew into India during January 2015

During January 2015, India imported 27 thousand tonnes of RCN worth of 38.24 million USD. As compared to

December 2014, RCN imports decreased by

Table 3: Country-wise import of RCN into India during January 2015

Country of origin Volume (tonnes)

Tanzania 23086.71

Indonesia 1561.77

Cote D Ivoire 940.47

Madagascar 531.16

Ghana 130.03

Nigeria 101.09

Benin 86.89

Gambia 75.27

Bangladesh 49.31

Grand Total 26562.69

India imported major quantity (87%) of RCN from Tanzania followed by Indonesia (6%) and Ivory

the month, average unit price of imported RCN were high for the origin Indonesia (USD 1.49 per kg) followed by

Tanzania (1.47 USD/kg) and Ivory coast (1.13 USD/kg). Overall, the average unit value of imported RCN observed

during January 2015 was USD 1.10 per kg.

Overall, in the first ten months of the financial year India imported 863 thousand tonnes of RCN worth of 926 million

USD.

Fig 3: Per cent share of countries in total RCN imports into India during

Tanzania

Indonesia

6%

Cote D Ivoire

3%

Madagascar

2%

ndian Cashew Exim Trade- January 2015

January 2015


December 2014, RCN imports decreased by 61.45 per cent in volume and 69.05 per cent increase in value.

f RCN into India during January 2015

Volume (tonnes) Value (USD million)

23086.71 33.89

1561.77 2.33

940.47 1.07

531.16 0.54

130.03 0.09

101.09 0.10

0.09

0.08

0.04

26562.69 38.24

India imported major quantity (87%) of RCN from Tanzania followed by Indonesia (6%) and Ivory


coast (1.13 USD/kg). Overall, the average unit value of imported RCN observed

was USD 1.10 per kg.


: Per cent share of countries in total RCN imports into India during January 2015

Tanzania

87%

Madagascar

Others

2%

7

January 2015


per cent in volume and 69.05 per cent increase in value.

Value (USD million)

India imported major quantity (87%) of RCN from Tanzania followed by Indonesia (6%) and Ivory Coast (3%). During


coast (1.13 USD/kg). Overall, the average unit value of imported RCN observed


VOLUME

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07 08-14 Feb, 2015

Table 4: Port-wise import of RCN into India during January 2015

Indian Port Volume (tonnes)

Tuticorin Sea 12137.69

Cochin Sea 7725.27

Mangalore Sea 5255.27

Kolkata Sea 788.55

Vizag 328.29

Mundra Sea 136.20

Nagpur Icd 101.42

Jnpt 90.00


Exports of Cashew from India during January 2015

In January 2015, India exported 12.30 thousand tonnes of kernels worth of 80.32 million USD. USA, UAE, Germany,

Netherlands, Saudi Arabia etc remained as the major export destinations for Indian cashew kernels during the

month.

As compared to December 2014, the expo

January 2015.

The average export price in January 2015 stood at USD 3.25 per lb fob for wholes, USD 2.99 per lb fob for brokens.

Table 5: Destination-wise exports of kernels

Destination Country Volume (tonnes)

USA 3520.68

UAE 3239.45

Germany 1160.29

Netherlands 776.78

Saudi Arabia 730.00

Japan 383.06

UK 305.55

Belgium 260.02

South Korea 251.86

Spain 158.76

France 149.69

Singapore 133.21

Italy 120.61

Canada 112.27

Kuwait 103.88

Iran 97.00

Turkey 77.63

Qatar 75.00

Greece 67.50

N.A. 63.50

Bahrain 47.94

Trinidad And Tobago 47.63

Oman 45.88

Israel 45.88

Egypt 45.00

Jordan 43.20

Algeria 30.00

Others 204.15


into India during January 2015


12137.69 17.57

7725.27 11.14

5255.27 7.77

0.83

0.50

0.14

0.16

0.13

26562.69 38.24

from India during January 2015

2015, India exported 12.30 thousand tonnes of kernels worth of 80.32 million USD. USA, UAE, Germany,


As compared to December 2014, the export volume increased by 11.97 per cent where as value by 0.59 per cent in


wise exports of kernels from India during January 2015


3520.68 18.67

3239.45 25.07

1160.29 3.63

776.78 5.80

730.00 5.43

383.06 2.97

305.55 2.31

260.02 1.93

251.86 1.96

158.76 1.20

149.69 1.04

133.21 1.05

120.61 0.86

112.27 0.80

103.88 0.79

97.00 0.77

77.63 0.53

75.00 0.57

67.50 0.52

63.50 0.45

47.94 0.35

47.63 0.35

45.88 0.36

45.88 0.37

45.00 0.39

43.20 0.38

30.00 0.20

204.15 1.57

12296.39 80.32

8

2015, India exported 12.30 thousand tonnes of kernels worth of 80.32 million USD. USA, UAE, Germany,


rt volume increased by 11.97 per cent where as value by 0.59 per cent in


Value (USD million)

VOLUME

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07 08-14 Feb, 2015

In the first ten months of financial year 2014

million USD.

Fig 4: Per cent share of major countries in total exports of kernels from India during

Table 6: Port-wise export of cashew kernels

Indian Port Volume (tonnes)

Cochin Sea 7840.96

Mangalore Sea 1806.80

Tuticorin Sea 1714.30

Vizag 484.78

Chennai Sea 134.31

Goa Sea 95.25

Ludhiana Icd 89.91

Mundra Sea 66.24

Jnpt 28.28

Rexual Road Sea 27.72

Others 7.83


Germany

9%

Netherlands

6%

Saudi Arabia

6%

Japan

3%

UK

3%Others

18%

In the first ten months of financial year 2014-15, India exported 101 thousand tonnes of kernels worth of 726.71

: Per cent share of major countries in total exports of kernels from India during January 2015

wise export of cashew kernels from India during January 2015


7840.96 46.22

1806.80 13.96

1714.30 13.00

484.78 3.66

134.31 1.03

95.25 0.86

89.91 0.65

66.24 0.49

28.28 0.22

27.72 0.17

0.05

12296.39 80.32

USA

29%

UAE

26%

Others

18%

9

tonnes of kernels worth of 726.71

January 2015

ue (USD million)

VOLUME

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07 08-14 Feb, 2015


USA

Positive news on crops all round gives rise to hope for a

good year on cashews. If demand continues as last year

then the good crops will be needed and prices should

steady after some likely harvest pressure although some

of the crop numbers mentioned by official sources seem

unlikely. There will likely be strong competition between

processors in India and Vietnam for supplies as the year

progresses – the needs of India have long been seen but

Vietnamese buyers are now competing in most origins

mainly through traders.

Kernels buyers in many cases have taken cover which

would mean that the risk position is with processors who

may have the luxury of taking their time if the good crop

projections in India and Vietnam come to reality. If they

can do so then likely prices will test the bottom of the

range but for now at least with the crop still on the trees a

major decline in prices would be pre-emptive.

Source: Mr. Jim Fitzpatrick, Ingredient Sourcing Solutions,

Ireland

Vietnam

Market was quiet due to Tet holidays here as at the end

of this week, offices from state and private sections to be

closed for most important holidays of the year/ Lunar

New Year and is expected to restart again from Feb 24,

but it will probably depend on each packer. Trade really

occurred for packers whom need to move the stored

goods for Feb and early Mar shipment. W320 traded

around 3.30 to 3.35 USD per lb fob. Traders who have

stored goods, waiting for good prices have had to sell

goods for February shipment due to unfavorable


Positive news on crops all round gives rise to hope for a

good year on cashews. If demand continues as last year

then the good crops will be needed and prices should

steady after some likely harvest pressure although some

fficial sources seem

unlikely. There will likely be strong competition between

processors in India and Vietnam for supplies as the year

the needs of India have long been seen but

Vietnamese buyers are now competing in most origins

Kernels buyers in many cases have taken cover which

would mean that the risk position is with processors who

may have the luxury of taking their time if the good crop

projections in India and Vietnam come to reality. If they

ely prices will test the bottom of the

range but for now at least with the crop still on the trees a

emptive.

Source: Mr. Jim Fitzpatrick, Ingredient Sourcing Solutions,

lidays here as at the end

of this week, offices from state and private sections to be

closed for most important holidays of the year/ Lunar

again from Feb 24,

but it will probably depend on each packer. Trade really

rred for packers whom need to move the stored

ar shipment. W320 traded

3.35 USD per lb fob. Traders who have

stored goods, waiting for good prices have had to sell

unfavorable market

trend. Most of processors are offering mainly for April

June shipments but buyers are not ready t

Development of crop is good and price of fresh nut comes

down a bit, around 27,000 to

of nut in the small quantity is seen

arrival will come to the market in

are hoping that price will surely go down more. With

current price offered by local nut traders, processors

cannot afford to buy and to them price should itself

more so that business can happen. Processors will wait till

price of fresh nut reach to reasonable level.

For the past two weeks, shipment of finished products

(salted and roasted cashews) to China was increasing and

these shipments can be considere

for this buying origin before the Tet holidays.

Source: Mr. Kim, Khiem Nguyen Co., Vietnam

Mali

The season will be effected in further week

ground situation is quiet and we expect better season of

production than last year. Concerning the price t

it will depend on price that will be authorized to Ivory Coast

that is neighbor country.The target of production in Ma

could be expected between 25

depend how all protagonist of the field

contracts for export could be negotiated by Members of

AMEC in end of February.

Source:Mr. TraoreAbdoulaye, Association Malienne des

Exportateurs de Cajou (AMEC), Mali

10


trend. Most of processors are offering mainly for April to

June shipments but buyers are not ready to buy now.

good and price of fresh nut comes

to 28,500 VND per kilo. Arrival

quantity is seen in the market. Main

arrival will come to the market in two weeks. Processors

are hoping that price will surely go down more. With

current price offered by local nut traders, processors

afford to buy and to them price should itself adjust

happen. Processors will wait till

ut reach to reasonable level.

weeks, shipment of finished products

(salted and roasted cashews) to China was increasing and

these shipments can be considered as the last shipments

for this buying origin before the Tet holidays.

Mr. Kim, Khiem Nguyen Co., Vietnam

l be effected in further week. Generally the

situation is quiet and we expect better season of

oncerning the price to fix in bush

price that will be authorized to Ivory Coast

The target of production in Mali

ween 25000 to 40000MT.So it will

all protagonist of the field will process. The first

contracts for export could be negotiated by Members of

Source:Mr. TraoreAbdoulaye, Association Malienne des

C), Mali

VOLUME

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07 08-14 Feb, 2015


“By March 2015, over 10000 businesses would be operating in DMCC”

Mr. Ahmed Bin Sulayem, Executive Chairman, DMCC

This is a transcript of the exclusive interview with Mr. Ahmed Bin Sulayem, Executive Chairman, DMCC

taken on the occasion of World Cashew Convention 2015.

DMCC is the world’s largest free zone for SMEs. How has this milestone been achieved

in such a short time?

DMCC has won the award from the FDI as the best free zone for SMEs in the Middle

East and North Africa region. DMCC has also won the award for UAE. We feel there is

more to build on that. We feel the future is for start

months ago Google establishing an incubator service for start

attracting a lot of similar projects whether it is in agro or IT and other related businesses.

When we look at the conventions like World Cashew Convention which is

we take great pride in this opportunity. We look back at what made DMCC

infrastructure twelve years ago. All projects, at the time of planning were seen to be reaching out to

market that did not make sense to a lot of people. But today Dubai airport is full and crowded, that’s

related to the cargo, to passengers and the rest

World Central- Al Maktoum International Airport.

DMCC has also taken up that kind of attitude of ‘progressive mentality’ and we do our best. When we were

establishing DMCC there were talks about focusing on nuts, pistachio and cashews. But we decided to

cover gold and diamond first and then get into other sectors later. Agro

because I feel it is a necessity and is different from gold and diamonds. I like the success stories especially

ones where one can see progress.

What is the plan for future leverage on this success?

Don’t be complacent.

When we started we would have loved to have 20 per cent of this type of recognition and awareness. We

did not have it when we started. I believe that was due to the lack of awareness in the region, whether it is

from the media or the community. I believe wh

Dubai facilities, region facilities. As far as public is concerned, whether they are consumers or investors, I

think more awareness about the cashews and agro industry will go long way. I believe that in

key part to it. The spread of information is so much better now than what it was twelve years ago. Today

at World Cashew Convention 2015




taken on the occasion of World Cashew Convention 2015.


short time?



more to build on that. We feel the future is for start-ups and SMEs. We announ

months ago Google establishing an incubator service for start


When we look at the conventions like World Cashew Convention which is first time and it is in Dubai. So,

we take great pride in this opportunity. We look back at what made DMCC

. All projects, at the time of planning were seen to be reaching out to

ke sense to a lot of people. But today Dubai airport is full and crowded, that’s

related to the cargo, to passengers and the rest of the facilities. Hence we have the second one

Al Maktoum International Airport.

p that kind of attitude of ‘progressive mentality’ and we do our best. When we were


cover gold and diamond first and then get into other sectors later. Agro is one of my favorites personally


What is the plan for future leverage on this success?

hen we started we would have loved to have 20 per cent of this type of recognition and awareness. We


from the media or the community. I believe what we see today is awareness among the traders about


think more awareness about the cashews and agro industry will go long way. I believe that in


11








ups and SMEs. We announced few

months ago Google establishing an incubator service for start-ups in DMCC. We are


first time and it is in Dubai. So,

we take great pride in this opportunity. We look back at what made DMCC successful despite less

. All projects, at the time of planning were seen to be reaching out to

ke sense to a lot of people. But today Dubai airport is full and crowded, that’s

of the facilities. Hence we have the second one – Dubai

p that kind of attitude of ‘progressive mentality’ and we do our best. When we were


is one of my favorites personally


hen we started we would have loved to have 20 per cent of this type of recognition and awareness. We


at we see today is awareness among the traders about


think more awareness about the cashews and agro industry will go long way. I believe that information is


VOLUME

16 ISSUE

07 08-14 Feb, 2015

the trend is changing so fast and it is user

engaging. Looking at the new trend, people are changing their food habits; cashews are becoming more of

person’s daily diets as people look at

do here.

What are the key challenges facing by DMCC?

The challenges vary from time to time

frustrating as we had just moved into DMCC

an environment. But we withstood t

the largest number of businesses and still registering companies at the rate of 160 to 200 companies a

month is promising to us. We feel that in the next month and

registered with DMCC.

I would say the biggest challenge was starting DMCC. Establishing and setting the decree in place, making

sure the decree reflects vision of His Highness and prioritizing what to focus on

trading- and finding the expertise and retaining them were challenging . I believe, as DMCC grows, its

influence on the industry and community too would grow.

Challenge would be growing too big. We need to always look and prioritize and focus where t

are required. At the same time it is not all about profit but it is about corporate responsibility. It is also

about adding value to the industry and to the region. I believe all that comes together in the end.

Agro-commodities and food has b

opportunity in serving cashew sector?

I would not be here if I didn’t.

We had great success in tea industry. We created the Dubai Tea Trading Centre (DTTC) and are currently

the largest re-exporter of tea in the world. With the efficient of civil aviation and connectivity and growing

shipping industry, tea business from Dubai is still set to grow further.

When comes to cashew sector, this is the first cashew event and you choose to have it in D

UAE are key links to emerging markets. Africa is a super power as well and will grow further. India is

important trading partner and Dubai has always linked to India. The ease of business here is unparallel to

anywhere else. Today, opportunities are made and the ideas will come out of this. While some of the

shipping companies are already in DMCC, I see many first timers to Dubai in this conference. I am sure,

they would find it useful to set up businesses here and grow it.

WCC 2015?

I am excited about the turnout. Over370 participants and that too only in cashew! I am sure more and

more people would not want to miss out on the excellent networking opportunities in future. Good luck.

the trend is changing so fast and it is user-friendly that every business is setting


person’s daily diets as people look at replacements for other types of proteins and foods. There is a lot to

g by DMCC?

from time to time. Global recession is one among that. Moreover, the timing

just moved into DMCC then. I really wanted to see how DMCC would

the recession. Commodities kept growing. The fact that we are having


month is promising to us. We feel that in the next month and so, there will be over 1


sure the decree reflects vision of His Highness and prioritizing what to focus on -

and finding the expertise and retaining them were challenging . I believe, as DMCC grows, its

influence on the industry and community too would grow.

Challenge would be growing too big. We need to always look and prioritize and focus where t



commodities and food has been an important part of this journey. Do you see any specific

opportunity in serving cashew sector?


rter of tea in the world. With the efficient of civil aviation and connectivity and growing

business from Dubai is still set to grow further.

When comes to cashew sector, this is the first cashew event and you choose to have it in D



ities are made and the ideas will come out of this. While some of the


they would find it useful to set up businesses here and grow it.

cited about the turnout. Over370 participants and that too only in cashew! I am sure more and


12

friendly that every business is setting themselves upfast and


other types of proteins and foods. There is a lot to

. Moreover, the timing was little

DMCC would function in such

he recession. Commodities kept growing. The fact that we are having


will be over 10,000 businesses


industrial, light industry or

and finding the expertise and retaining them were challenging . I believe, as DMCC grows, its

Challenge would be growing too big. We need to always look and prioritize and focus where the attentions



een an important part of this journey. Do you see any specific


rter of tea in the world. With the efficient of civil aviation and connectivity and growing

When comes to cashew sector, this is the first cashew event and you choose to have it in Dubai. Dubai and



ities are made and the ideas will come out of this. While some of the


cited about the turnout. Over370 participants and that too only in cashew! I am sure more and



Nigeria aspires to be number one producer of cashews in Africa

Mr. Segun Awolowo, CEO, NIGERIAN EXPORT PROMOTION COUNCIL

This is a transcript of the exclusive interview with Mr. Segun

of World Cashew Convention 2015.

Nigeria has historically had several challenges. Under your able leadership many of

these have been successfully addre

the outcomes so far?

Nigeria is currently

producing and exporting

which is a key strategy for us.

from Africa. With oil price crashing, we have been trying to diversify our export basket beyond crude oil.

We have identified 13 strategic export products to

How was the crop situation in 2014 and how you expecting in 2015

In 2014, the crop situation was good with

2015, we are expecting a raw cashew nut production

On the export of RCN from Nigeria, how would 2015 be different from the past? Would it fetch better

price for producers?

Yes, we are hoping to get higher prices now, because our

improving. We are really working on this

cashew production, Nigeria ranks 4th

around 120 million dollar. Farmers are now going to

because we are meeting those standards in farm production and we are about to increase the yield

going to be a very profitable year for cashews in 2015

On processing cashews within Nigeria, what are the plans? What in your opinion are the key constraints

and how you think these can be overcome?

The key constraints are electricity and

under the new transformation agenda

foreign exchange earner of Nigeria. S

shipment incentives. We want to start processing cashew

the possibilities of them coming into process cashews in Nigeria. As Nigeria is cashew producing country



Awolowo, CEO, NIGERIAN EXPORT PROMOTION COUNCIL

This is a transcript of the exclusive interview with Mr. Segun Awolowo, CEO, NEPC taken on the occasion


these have been successfully addressed. Share with us specific initiatives taken and

the outcomes so far?

Nigeria is currently undergoing an industrial revolution. We want to move

producing and exporting raw materials to exporting processed

which is a key strategy for us. Nigeria is the largest crude oil producer and exporter


strategic export products to replace oil, of which cashew is one of them.

How was the crop situation in 2014 and how you expecting in 2015

4, the crop situation was good with 120+ thousand metric tonnes and the yield was 4

a raw cashew nut production of over 160 thousand metric tonnes.


higher prices now, because our yield is getting better and the standards are

on this with the farmers so they can have a better yield on cashew. th in Africa and 7th in the world. Last year we exported

armers are now going to be really pleased and happy with

because we are meeting those standards in farm production and we are about to increase the yield

going to be a very profitable year for cashews in 2015.


and how you think these can be overcome?

and transportation. The Government is working on addressing all

ansformation agenda. The most important is that we have identified cashew as a top

. So it is going to attract a lot of incentives i.e.

shipment incentives. We want to start processing cashew in Nigeria so we looking well to talk to investors

to process cashews in Nigeria. As Nigeria is cashew producing country



Awolowo, CEO, NIGERIAN EXPORT PROMOTION COUNCIL

Awolowo, CEO, NEPC taken on the occasion


ssed. Share with us specific initiatives taken and

e want to move away from

processed and finished goods,

Nigeria is the largest crude oil producer and exporter


cashew is one of them.

metric tonnes and the yield was 400kg per ha. In

metric tonnes.


is getting better and the standards are

with the farmers so they can have a better yield on cashew. In

. Last year we exported cashews worth

be really pleased and happy with what we are doing

because we are meeting those standards in farm production and we are about to increase the yield. It is


is working on addressing all these

identified cashew as a top

lot of incentives i.e. pre-shipment and post-

Nigeria so we looking well to talk to investors

to process cashews in Nigeria. As Nigeria is cashew producing country, it

VOLUME

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07 08-14 Feb, 2015

is very easy to set up a processing factory and to export.

for that.

What are the Government initiatives for cashew processing? Howis it supportable for cashew

processing?

We support by giving tax holiday for five years and also we

free. After export, we provide post

attractive package for prospective investors.

What are the future plans/ prospectus?

The future plan is to scale up production of cashews and we are working on that. This year we are going to

plan to scale up to 180 thousand metric tonnes. Overall goal is to be number one in Africa. Cashew is very

interesting because it is grown in almost all parts of Nigeria. We can g

36 states in Nigeria which is really huge. There is no reason that Nigeria shouldn’t be number one in

cashew producer in the world in the long run.

Finally, your comments on WCC2015

The venue is impressive. Turnout is

technology, buyer/seller meet - is very comprehensive and useful. Overall, the organizers have done an

excellent job. We are very happy.

factory and to export. We are going to provide all the initial incentives


for five years and also we support in export processing zone which is tax

free. After export, we provide post-shipment incentives which are export expansion grant. It is a very

attractive package for prospective investors.

What are the future plans/ prospectus?

production of cashews and we are working on that. This year we are going to


interesting because it is grown in almost all parts of Nigeria. We can grow cashew in about 15 states out of


cashew producer in the world in the long run.

Finally, your comments on WCC2015

The venue is impressive. Turnout is good. The agenda- sessions on kernels, raw nuts, processing

is very comprehensive and useful. Overall, the organizers have done an

14

e are going to provide all the initial incentives


export processing zone which is tax

shipment incentives which are export expansion grant. It is a very

production of cashews and we are working on that. This year we are going to


row cashew in about 15 states out of


sessions on kernels, raw nuts, processing

is very comprehensive and useful. Overall, the organizers have done an

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07 08-14 Feb, 2015


“Performance of edible nuts and cashew nuts is expected to be very positive”

Mr. Jim Fitzpatrick, Business development consultant and mentor,

This is a transcript of the exclusive interview with

Cashew Convention 2015.

What is the general outlook for demand in cashew sector?

It is positive; we have seen in the last couple of years

in the mature markets. Meantime, we can see rapidly growing consumption of

cashew nuts in India with markets such as China and Australia showing positive

trends. As we see it now, it

next ten years will be buying not selling cashew nuts. We see the balance of power

shifting towards the seller. The market will respond in time with additional supply but how quickly and how

effectively supply will respond remains to be seen. There are short term challenges, such as the strength of

the dollar against the Euro but generally the performance of edible nuts and cashew nuts is expected to be

very positive.

How the buyer’s requirements have changed?

Buyers in the past, always demanded good prices, good quality and contract fidelity

they have promised to do. This has become more and more formalized in recent years. The standards now

on food safety and quality management systems have changed. Meantime new needs have emerged in

particular the demand for traceability of the product which is a challenge in our industry, given so many

raw nuts are shipped from Africa to India and Vietnam for processing. In the US the FSMA

developing longer terms relationship and transparency is becoming more important. The days of buying

here and there from different people has gone. The future it is about long term relationships, it is about

how buyers and processors work toget

What are the prospects for processing in Africa?

The prospects are improving. We have seen in recent years, particularly if we look at the Ivory Coast where

we see the new approach like we see large scale supplies, we see better and b

environment, we see slightly better access to finance which is still a challenge but it seems to be moving in

a right direction. We cannot just speak about Africa; the challenges in some countries are much greater

than other country which is a five to ten year projects.




Ingredient Sourcing Solutions

This is a transcript of the exclusive interview with Mr. Jim Fitzpatrick taken on the occasion of World


we have seen in the last couple of years that demand is growing steadily



trends. As we see it now, it is beginning to become clear that the real problem in the



ively supply will respond remains to be seen. There are short term challenges, such as the strength of


ve changed?

Buyers in the past, always demanded good prices, good quality and contract fidelity


ment systems have changed. Meantime new needs have emerged in


raw nuts are shipped from Africa to India and Vietnam for processing. In the US the FSMA



how buyers and processors work together over many years.

What are the prospects for processing in Africa?


we see the new approach like we see large scale supplies, we see better and b



is a five to ten year projects.

15




taken on the occasion of World


that demand is growing steadily



is beginning to become clear that the real problem in the



ively supply will respond remains to be seen. There are short term challenges, such as the strength of


Buyers in the past, always demanded good prices, good quality and contract fidelity – i.e. suppliers do what


ment systems have changed. Meantime new needs have emerged in


raw nuts are shipped from Africa to India and Vietnam for processing. In the US the FSMA means that




we see the new approach like we see large scale supplies, we see better and better institution



VOLUME

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07 08-14 Feb, 2015

What are the impacts of processing technologies?

There is huge impacts, we now see the process is much more manager with a better services, better

understanding of the process than never before. The days of employing few

a shed is gone. Food safety demands that and also technology. The right challenge for new processors is in

sourcing equipments and accessing technology management, it is most acute in Africa. If we look at India

and Vietnam there are also challenges, the manual processing operations is completely turned around and

It is becoming more and more highly mechanized and highly technological process which is a new

challenge. The challenge of shelling and cutting the cashew nuts are

manufacturing equipments at SIETTA 2014 event; for more I can say there is progress in that direction. This

is different by costs and cost of workers. There are no reasons to believe that the much of technology in

cashews will not continue. It is hard to say that fully mechanized process particularly at the smaller scale;

certainly we look up machines, particularly at investors seeing machines as the future for the cashew

business in India, Vietnam and elsewhere.

Feedback on WCC 2015

This is definitely the right venue, I am really impressed and I see people from many different countries, am happy to

see that. I have a feeling this to go from strength to strength.

What are the impacts of processing technologies?


understanding of the process than never before. The days of employing few hundred people and setting up



here are also challenges, the manual processing operations is completely turned around and

is becoming more and more highly mechanized and highly technological process which is a new

. The challenge of shelling and cutting the cashew nuts are major one. We visited number of



ill not continue. It is hard to say that fully mechanized process particularly at the smaller scale;


business in India, Vietnam and elsewhere.


see that. I have a feeling this to go from strength to strength.

16


hundred people and setting up



here are also challenges, the manual processing operations is completely turned around and

is becoming more and more highly mechanized and highly technological process which is a new

major one. We visited number of



ill not continue. It is hard to say that fully mechanized process particularly at the smaller scale;



VOLUME

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07 08-14 Feb, 2015

Currency Movement

Table7: Forex Rates (In USD)

Currency Outlook

USD vs INR Movement

Fig 5: USD/INR weekly chart

Indian rupee pared most of the recent gains and settled

lower during last week by 50 paise on corporate dollar

buying to clear their import bills ahead of union budget later

this month. Moreover strengthening of dollar index also

weakened the rupee. The foreign exchange reserves rose to

an all-time high of $327.88 billion for the week ending

January 30, 2015, as per RBI recent data. India’s CPI in

January rose to 5.11 percent based on the new base year,

but below the RBI targeted rate of 6 percent, which could

augur well for more rate cuts going forward.

Indian rupee last week traded in the region of 61.90 and

62.53 and finally settled the week weaker by 50 paise to

62.19 against the dollar.

Currency 02/06/2015

Indian Rupee (INR) 61.970

Euro (EUR) 0.884

Japanese Yen (JPY) 118.980

Brazilian Real (BRL) 2.783

Chinese Yuan (CNY) 6.244

Singapore Dollar (SGD) 1.353

Tanzanian Shilling (TZS) 1830.000

Thai Baht (THB) 32.650

Mozambique New Metical (MZN) 33.300

Vietnam Dong (VND) 21282.000

Indonesian Rupiah (IDR) 12614.500

Benin CFA Franc BCEAO (XOF) 581.920

Ghanaian New Cedi (GHS) 3.380

As long as 62.50 level is not violated

appreciate further going forward in the near term. Strong

support is seen in the region of 61.90 and 61.50

levels. Overall rupee is likely to stay in the broader region of

61.20and 62.50.

USD vs BLR Movement

Fig 6: USD/BLR weekly chart

Indian rupee pared most of the recent gains and settled

on corporate dollar

buying to clear their import bills ahead of union budget later

this month. Moreover strengthening of dollar index also

weakened the rupee. The foreign exchange reserves rose to

time high of $327.88 billion for the week ending

nuary 30, 2015, as per RBI recent data. India’s CPI in

January rose to 5.11 percent based on the new base year,

but below the RBI targeted rate of 6 percent, which could

augur well for more rate cuts going forward.

the region of 61.90 and

62.53 and finally settled the week weaker by 50 paise to

Brazilian real last week pared most of the gains and fell to

new 10-year low of 2.8826 against the dollar. Real

declined by about 6 percent s

about Brazil’s deteriorating economy. Last week data on

retail sales declined to its sharpest pace on record

December-2013. Real further move will depend on the

reforms to be announced by

address stalled economic growth and to contain

inflationary pressures.

Brazilian real last week traded in the region of 2.7640 and

2.8826 and settled weaker at 2.8346 and was highly

volatile. Real depreciated sharply in recent weeks may

signal some sort of appreciation in the near term. But

overall it may weaken further towards 2.90

going forward.

Alert: Brazil real depreciated further much beyond the

levels we had mentioned in the WCC

cashew week. Brazil economy continues to r

and may contract this year. This may result in further

depreciation of real going forward towards 2.95

02/06/2015 02/13/2015

62.076

0.878

118.750

2.835

6.240

1.355

1826.000

32.600

33.330

21330.000

12787.500

575.350

3.410

17

not violated, expect rupee to

appreciate further going forward in the near term. Strong

support is seen in the region of 61.90 and 61.50-61.20

levels. Overall rupee is likely to stay in the broader region of

Brazilian real last week pared most of the gains and fell to

year low of 2.8826 against the dollar. Real

declined by about 6 percent so far in the current month on

about Brazil’s deteriorating economy. Last week data on

retail sales declined to its sharpest pace on record since

2013. Real further move will depend on the

to be announced by the new government to

alled economic growth and to contain

Brazilian real last week traded in the region of 2.7640 and

2.8826 and settled weaker at 2.8346 and was highly

volatile. Real depreciated sharply in recent weeks may

reciation in the near term. But

overall it may weaken further towards 2.90-2.95 levels

Brazil real depreciated further much beyond the

levels we had mentioned in the WCC-2015 special issue of

cashew week. Brazil economy continues to remain weak

and may contract this year. This may result in further

depreciation of real going forward towards 2.95-3.00 level.

VOLUME

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07 08-14 Feb, 2015

USD vs VND Movement

Fig 7: USD/VND weekly chart

Nguyen Ngoc Tuyen, director of the Institute of Economics

and Finance under the Ministry of Finance, said deflation

risks have emerged due to weak domestic demand.Retail

sales increased only 10.6 percent last year, compared to

over 20.9 percent in 2006 and 23.3 percent 200

to the General Statistics Office.

Last week Vietnam dong traded in the region of 21

21390 and finally settled at 21330. Technically Vietnam

Dong may continue to trade in a broad range of 21

21470 levels going forward.

Fig 8: Comparative Movement of Currencies in 2015 vis

USD in cashew processing regions (Weeks starts from January’

2015)

, director of the Institute of Economics

and Finance under the Ministry of Finance, said deflation

risks have emerged due to weak domestic demand.Retail

sales increased only 10.6 percent last year, compared to

over 20.9 percent in 2006 and 23.3 percent 2007, according

Last week Vietnam dong traded in the region of 21114 and

. Technically Vietnam

Dong may continue to trade in a broad range of 21100 and

arative Movement of Currencies in 2015 vis-à-vis

USD in cashew processing regions (Weeks starts from January’

18

VOLUME

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07 08-14 Feb, 2015

Prices of Nuts in India and International Markets

Table 8: Indian prices of cashew kernels

Cashew Grades 02/07/2015

Tuticorin (USD/lb fob)-export prices

W240 3.75 – 3.95

W320 3.30 – 3.50

W450 3.25 – 3.40

SW320 3.35 – 3.45

SW360 3.20 – 3.30

SSW 3.10 – 3.20

Butts 3.10 – 3.20

Splits 2.95 – 3.05

Large Pieces 2.85 – 2.95

Mangalore Karnataka (INR/ Kg)

W180 741

S180 758

W210 635

S210 573

W240 604

S240 547

W320 534

W1 516

SW 481

SSW 467

JH 494

S 481

LWP 450

SWP 406

K 481

JB 463

Kollam (INR/Kg)

W180 661

W210 617

W240 573

W320 529

W450 476

SW240 485

S (Splits) 485

SS 428

Butts 459

SB 406

SP 410

LWP 463

WSP 406

Delhi (INR/Kg)

W320 No. 555

W210 No. 655

W240 No. 640

W180 No. 765

2 pieces 470

4 pieces 463

8 pieces 390

Sangrur (INR/Kg)

W320 743

Prices of Nuts in India and International MarketsIndian Prices of Nuts

*Mangalore Prices are exclusive of tax. Tax for inter

for local sales 4 per cent VAT Note: W= White Wholes, S= Splits, SW= Scorched

Wholes, SSW= Scorched Wholes Seconds, DW= Dessert Wholes, LWP= Large White

Pieces, SWP= Small White Pieces, BB= Baby Bits, SB= Scorched Butts, SS= Scorched

Splits, SP= Scorched Pieces, 1kg = 2.24lb

02/14/2015

3.75 – 3.95

3.30 – 3.50

3.25 – 3.40

3.35 – 3.45

3.20 – 3.30

3.10 – 3.20

3.10 – 3.20

2.95 – 3.05

2.85 – 2.95

741

758

635

591

604

556

538

525

503

476

503

485

463

419

485

485

661

617

573

529

476

485

485

428

459

406

410

463

406

560

660

645

770

475

468

395

753

Cashew Grades 02/07

W210

W240

W180

2 pieces

4 pieces

8 pieces

Jeypore – Orissa (INR/Kg)

Local Raw Nuts

W210

W240

W320

W400

S240

S320

S

K

LWP

SWP

JH

Vetapalem – AP (INR/Kg)

W210

W240

W320

SW

JH

K/LWP

W1

JB/Butts

W400

Panruti – Tamil Nadu (INR/Kg)

Raw nut (Rs/kg)

W240

W320

W450

JH

JK

LWP

SWP

Jalandhar - Punjab (INR/Kg)

W320

W210

W240

W180

19

Prices of Nuts in India and International Markets

*Mangalore Prices are exclusive of tax. Tax for inter-state sales- CST 3 per cent, Tax

per cent VAT Note: W= White Wholes, S= Splits, SW= Scorched

Wholes, SSW= Scorched Wholes Seconds, DW= Dessert Wholes, LWP= Large White

Pieces, SWP= Small White Pieces, BB= Baby Bits, SB= Scorched Butts, SS= Scorched

02/07/2015 02/14/2015

775 785

763 773

823 830

608 618

580 585

495 505

110 115

750 750

630 630

550 560

515 515

600 600

520 520

500 535

470 500

460 485

440 450

510 555

725 725

625 625

550 550

500 500

575 575

490 490

500 500

515 515

500 500

110 110

564 564

547 476

485 459

490 490

450 450

419 441

370 370

713 713

775 775

735 735

813 813

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Table 9: Cashew Raw Nut Prices

Origin 02/07/2015 02/14/2015

India, local

(INR per 80 kg bag) 8400 8800

IVC (USD per tonne) 1040 1270

Benin (USD per tonne) 1150 -

Ghana (USD per tonne) 1180 -

Nigeria

(USD per tonne) - 865

Guinea Bissau

(USD per tonne) - -

Tanzania

((USD per tonne) 1440

Note: Landed cost

Prices of Nuts at International Market

Table 11: Cashew Kernel Prices in International markets

Grades 02/07/2015

Rotterdam (USD per lb FCA)

WW240 3.85-3.90

WW320 3.55-3.60

WW450 3.35-3.40

Vietnam (USD per lb fob)

W240 3.70-3.75

W320 3.30-3.35

W450 3.10-3.15

WS 2.70-2.80

LP 2.60-2.65

Table 10: Other Tree Nuts Prices at Delhi Market (INR/kg)

Grades 02/07/2015

Almond Girdhi in shell 156

Almond Gurbandhi in shell 205

Almond California in shell 549

Almond Kernel California 779

Almond Kernel Gurbandi 693

Pistachio Irani 1300

Pistachio Hairati 1403

Pistachio Peshawari 1525

Walnut New 355

Walnut Kernel 1000

% change in price

over previous week

4.76

18.11

-

-

-

-

-

Table 12: RCN prices in Vietnam

Grades 02/07/2015

Local RCN (VND/kg) 34500

IVC

(USD per ton CNF) 1200

Ghana


Nigeria


Benin


Mozambique


Tanzania


Guinea Bissau


(Note: FCA=Free Carrier, fob=free on board, CNF=Cost and

Freight

Prices of Nuts at International Market

: Cashew Kernel Prices in International markets

02/07/2015 02/14/2015

3.90 3.85-3.90

3.60 3.55-3.60

3.40 3.35-3.40

3.75 3.70-3.75

3.35 3.30-3.35

3.15 3.10-3.15

2.80 2.70-2.80

2.65 2.60-2.65

Other Tree Nuts Prices at Delhi Market (INR/kg)

02/14/2015

156

205

546

781

693

1300

1403

1525

355

1000

20

Vietnam

02/07/2015 02/14/2015

% change in

price over

previous week

34500 34500 0.00

1200 1200 0.00

1015 1015 0.00

955 955 0.00

1330 1330 0.00

1355 1355 0.00

1450 1450 0.00

1500 1500 0.00

(Note: FCA=Free Carrier, fob=free on board, CNF=Cost and

turn key plants and machinery for the cashew nut processing

OLTREMARE SRL

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VOLUME

16 ISSUE

07 08-14 Feb, 2015

Newshighlights

India: Kollam-Tuticorin Deal may hit

Prospects

The proposed Kollam-Tuticorin ports deal is likely to

eat away a major share of cashew imports to the

Cochin port, a move that will help Tuticorin

consolidate its position as the largest cashew

importing port. The deal will help impor

raw cashew arriving at the Tuticorin port to Kollam

port via sea.

Continue reading…

India: Experts bat for cashew in drought

Kolar, Chickballapur

The farmers in Kolar and Chickballapur, which are

reeling under drought for last few years and had dry

weather, can grow cashew as an alternative crop and

reap a good harvest. Experts and officials participated

in a seminar on cashew cultivation at College

Horticultural Sciences here recently said Mysuru,

Tumakuru and Ramanagar districts also can opt for

cashew beside Kolar and Chickballapur.

Continue reading…

Vietnam: Note the purchase and preservation of

cashew crop in 2015

This time, the weather is favorable because there is

often prolonged heat, ensuring that the dried nuts,

anti-mold and ease of storage. Plants that bloom

often simultaneously, the possibility pollination

mixed nuts and cooked evenly. When the fruit ripens

to a certain level, or due to the effects of wind and

rain, it will automatically fall to the ground. Now,

farmers just collected a pile of work to collect grain

by grain junk out of work.

Continue reading…

it Cochin Port

Tuticorin ports deal is likely to

eat away a major share of cashew imports to the

Cochin port, a move that will help Tuticorin

consolidate its position as the largest cashew

importing port. The deal will help importers ship the

raw cashew arriving at the Tuticorin port to Kollam

Continue reading…

Experts bat for cashew in drought-prone

The farmers in Kolar and Chickballapur, which are

reeling under drought for last few years and had dry

weather, can grow cashew as an alternative crop and

reap a good harvest. Experts and officials participated

in a seminar on cashew cultivation at College for

Horticultural Sciences here recently said Mysuru,

Tumakuru and Ramanagar districts also can opt for

Continue reading…

the purchase and preservation of

This time, the weather is favorable because there is

often prolonged heat, ensuring that the dried nuts,

mold and ease of storage. Plants that bloom

often simultaneously, the possibility pollination,

mixed nuts and cooked evenly. When the fruit ripens

to a certain level, or due to the effects of wind and

rain, it will automatically fall to the ground. Now,

farmers just collected a pile of work to collect grain

Continue reading…

EU supports cashew sector projects in Guinea

Bissau

The European Union (EU) plans to contribute 1.5

million euros for projects to “improve the income

of small cashew producers,” in Guinea

according to the documents on the process.

Tanzania earns $256m from cashew

Tanzania’s Cashewnut Board (CBT) has said over

149,742 tons of raw cashew nuts worth $225. 59

million have been exported for the 2014/15

agricultural season. CBT’s Director General,

MfaumeJuma told East African Business Week in

Dar es Salaam last week, this is part of 195,000

tons collected by farmers in their primary

associations through the warehouse receipt

system.

Nigeria could become the large

to Vietnam

On 3/2, in Ho Chi Minh City, took place trade

conference that Vietnam

DucThanh, Chairman of the Vietnam Cashew

Association, said today, Nigeria is ranked 2nd in the

African countries that export raw materials

Vietnam. 2014, Nigeria has exported 106,734 tons

of things to Vietnam, accounting for 13.4% of that

of Vietnam imported raw materials and 80% of the

output of the country.

21

EU supports cashew sector projects in Guinea-

The European Union (EU) plans to contribute 1.5

for projects to “improve the income

of small cashew producers,” in Guinea-Bissau,

according to the documents on the process.

Continue reading…

Tanzania earns $256m from cashew-nut exports

Tanzania’s Cashewnut Board (CBT) has said over

149,742 tons of raw cashew nuts worth $225. 59

million have been exported for the 2014/15

agricultural season. CBT’s Director General,

MfaumeJuma told East African Business Week in

ast week, this is part of 195,000

tons collected by farmers in their primary

associations through the warehouse receipt

Continue reading…

Nigeria could become the largest supply of crude

On 3/2, in Ho Chi Minh City, took place trade

conference that Vietnam - Nigeria. Nguyen

DucThanh, Chairman of the Vietnam Cashew

Association, said today, Nigeria is ranked 2nd in the

African countries that export raw materials to

Vietnam. 2014, Nigeria has exported 106,734 tons

of things to Vietnam, accounting for 13.4% of that

of Vietnam imported raw materials and 80% of the

Continue reading…

http://www.cashewinfo.com/news/news.asp?cmid=&fn=Dtcashew4_021615






VOLUME

16 ISSUE

07 08-14 Feb, 2015

Upcoming trade events Table 13: International Trade Events

Event Name Date Venue

Foodex

Japan

03-06

Mar

2015

MakuhariMesse

- International

Convention,

Chiba, Japan

The

Australian

Nut

Conference

(ANC)

20-22

April

2015

Swissotel

Sydney,

Sydney,

Australia

AFI Annual

Convention

April

22- 26,

2015

Verdura Golf &

Spa Resort

Sciacca, Italy

The INC

World Nut

and Dried

Fruit

Congress

22 - 24

MAY

2015

ANTALYA,

Turkey

Organizer Event Description

MakuhariMesse

International

Japan

Management

Association

It is entirely devoted to the international food and

beverage marketplace. Experts and key decision

makers from whole spectrum of organic food sector

will be seen in the show.

Australian

Nut Industry

Council

It has developed into a must

participants across the nut industry supply chain.

Delegate numbers are rising each event, and more

and more interest from overseas

being received as Australian nut production and

quality is increasing.

Verdura Golf &

AFI

The program on olive oil, tours and the golf

tournament. Speakers will be covering topics of

interest to U.S. importers and foreign suppliers, such

as FDA inspections of foreign facilities, the Food

Safety Modernization Act (FSMA) and DOP

certification.

http://www.afius.org/2015convention

INC

It is the world’s greatest nut and dried fruit industry

event.

22

It is entirely devoted to the international food and

beverage marketplace. Experts and key decision

makers from whole spectrum of organic food sector

It has developed into a must-attend event for

participants across the nut industry supply chain.

rising each event, and more

and more interest from overseas participants is

being received as Australian nut production and

The program on olive oil, tours and the golf

tournament. Speakers will be covering topics of

interest to U.S. importers and foreign suppliers, such

as FDA inspections of foreign facilities, the Food

Safety Modernization Act (FSMA) and DOP

http://www.afius.org/2015convention

It is the world’s greatest nut and dried fruit industry

VOLUME

16 ISSUE

07 08-14 Feb, 2015

Table 14: National Trade Events

Event Name Date Venue

National

Cashew

Seminar-

2015

13-14

March

2015

Institute

Menezes

Braganza

Panjim,

Goa

Organizer Event Description

DCCD ,

Kochi

Seminar on "The Cashew

seminar will evaluatedevelopmental efforts so far taken up

on cashew at national level and identify problems

confronting production, processing marketing and

promotion of cashew development to draw suitable action

plan for the sustainable development of the crop in the

country.

23

Seminar on "The Cashew–Prospective crop of future"

evaluatedevelopmental efforts so far taken up

on cashew at national level and identify problems

confronting production, processing marketing and

promotion of cashew development to draw suitable action

plan for the sustainable development of the crop in the

VOLUME

16 ISSUE

07 08-14 Feb, 2015

"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?

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CASHEW WEEK & WWW.CASHEWINFO.COM

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Banner Space on www.cashewinfo.com

CONTACT:

Disclaimer: The mentioned ideologies in this report are based on the research done at Foretell Business Solutions Private

Limited, Bangalore. Foretell will not be responsible for any kind of losses

indirectly based on our research results, though we have presented the best of our knowledge.


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

at [email protected] "

REACH OUT

TO

GLOBAL CASHEW INDUSTRY

ADVERTISE IN


For Advertisement in Cashew Week

&

Banner Space on www.cashewinfo.com

CONTACT: [email protected]

The mentioned ideologies in this report are based on the research done at Foretell Business Solutions Private

Limited, Bangalore. Foretell will not be responsible for any kind of losses incurred by any party either directly or


24


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


The mentioned ideologies in this report are based on the research done at Foretell Business Solutions Private

incurred by any party either directly or


we thank all the delegates, sponsors, supporting bodies and …€¦ · the average export price in...

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