CASHEW PRICES HIT 2 YEAR LOW

CASHEW PRICES HIT 2 YEAR LOW

What contributed to this very bearish market:

1) Over capacity on production side in Vietnam more than 19% increase in exports (Till mid June 2018-159,000 MT vs Till mid June 17-134,000 MT) from Vietnam was not helping. 

2) Too much speculation and wrong info in the market on actual RCN situation? 

3) Very strong Vietnam + Cambodian crop. 

4) Assumptions (speculations) from VN players > market cannot come down?! Really?? 

It is not great to see a whole industry suffering (defaults, losses on production, closures, bankruptcies, and so on) but hopefully we will all learn from it.

West Africa rebuts its cards as India's cashew supplier

West Africa rebuts its cards as India's cashew supplier


From January to May, raw cashew imports from the world's three largest processor countries - India, Vietnam and Brazil - fell by 10.6% compared to the same period last year, totaling 629 723 tons (t), reports specialist Rongead in his bulletin n'kalo published today. On the other hand, these volumes are up sharply compared to 2016 (January / May) which were then only 431,700 t.

Abundant Raw Cashew Nut in Africa

Cashew kernels likely to stay between 4.0 and 4.5 USD a pound for rest of 2018


With most of the Northern Hemisphere crop already in the market, raw cashew prices are expected to stabilize around USD 1650-1800 levels (CNF HCM) going forward. Kernel price (W320), which has reduced by over 5.32% since the beginning of the year is likely to be the range bound between 4.0 and 4.5 USD per lb aiding healthy growth in demand during the second half of the year. Processors in both Vietnam and India are constrained to work under wafer-thin margins.

New cashew processing plant in Ludhiana

New state-of-the-art processing and packaging plant for dry fruits in Ludhiana


Ludhiana: During the first Punjab Agri and Food Conclave organized at Pal Auditorium in Punjab Agricultural University (PAU) on Wednesday, public and private sector enterprises from various food processing industries exhibited their products. State industry minister Sundar Sham Arora visited all the stalls, and appreciated the products manufactured by the industries.

One of the major highlights of the exhibition was a stall put up by Ludhiana-based White Gold Agro Industries, which has set up the first ever dry fruit processing plant in Punjab six months ago, and is currently processing raw and organic cashew into an edible form. The company — owned by young entrepreneur Vinod Jain — has its 45,000 square feet plant at Industrial Area A, and its present production is one tonne per day.

Adopt a village for cashew

Adopt a village annually to promote cashew nut cultivation



Venkatesh N. Hubballi, Director of Directorate of Cashewnut and Cocoa Development (DCCD), Kochi, on Monday suggested that the Directorate of Cashew Research (DCR), Puttur, adopt a village a year to promote cashewnut cultivation. Speaking at the foundation day programme of the DCR in Puttur, Mr. Hubballi said that the village adoption could be done to mark the foundation day of the DCR every year. If the DCR adopted a village for 2018-19 the DCCD would release ₹15 lakh to it to promote cashewnut cultivation, he said.

Cashew kernel export increased but shortage of RCN

Cashew nut exports increase, but processors face shortage of raw materials


Việt Nam exported 141,000 tonnes of cashew nuts for a value of U$$1.39 billion in the first five months of the year, a year-on-year increase of 21.4 per cent and 25.3 per cent, respectively, according to the Việt Nam Cashew Association. With this result, Việt Nam retains its position as the world’s largest cashew processor and exporter for the 13th consecutive year, accounting for 65 per cent of the world’s total cashew export revenue, according to Đặng Hoàng Giang, the association’s chairman. Despite having positive export growth, cashew farmers and processing firms enjoyed only 30-35 per cent of profit in the value chain, with the remainder in the hands of international cashew processors and traders, according to Nguyễn Đức Thanh, Vinacas’s chairman.

Factories halted operations in Vietnam

Many cashew nut factories in Vietnam halt operations due to lack of materials



Many cashew nut processing plants have halted operations due to a lack of materials, the Vietnam Cashew Nut Association (Vinacas) told a meeting in Ho Chi Minh City on June 15 to review the sector’s performance in the first half of 2018. Cashew nut factories halt operations due to lack of materials, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news In the Mekong Delta province of Long An, only 12 out of 33 cashew nut processing factories are operating while in Binh Phuoc, up to 80 percent of small and medium-sized enterprises temporarily shut down.

Size up the situation

Excerpt from Mark McCormack book

Several years ago I met a Venezuelan oil and shipping businessman by the name of Raphael Tudela. As I have come to know, respect and admire him, he has impressed me as the quintessential street-smart executive. He has built a billion-dollar business from scratch in less than twenty years. He seldom deals in written contracts, because his word is his bond. He has always made his own breaks. And his principal business, which is oil speculation, relies on his constant process of seeing opportunities where no one else does and taking advantage of them.

Connaître et Comprendre LE MARCHE INTERNATIONAL DE L’ANACARDE

Connaître et Comprendre LE MARCHE INTERNATIONAL DE L’ANACARDE

A very good source of information on cashew nuts world wide
Click here>> Know the world of cashew by RONGEAD

PRESS RELEASE- Cote d'Ivoire

Le Conseil du Coton et de l’Anacarde- Cote d'Ivoire

Persistent rumors in the cashew nut industry point to an imminent review of the field-floor price of raw cashew nuts. 

To this end, the Cotton and Cashew Council reminds economic operators involved in the cashew nut sector that the compulsory floor prices of raw cashew nuts are well dried and well sorted, and do not include any foreign matter set by the Government as follows. February 14, 2018 remain in effect:

• Ground floor price: 500 FCFA / kg
• Price inland stores: 525 F CFA / kg
• Port stores price: 584 F CFA / kg

These prices are minimum prices below which no purchase is allowed. 

Any operator contravening these provisions is liable to the sanctions provided for by the regulations. 

All actors in the sector are asked to ensure that these prices are scrupulously respected. 

"For a sustainable development of the cotton and cashew nut sectors"
The general direction

Cashew production up 20K MT-IVC

Côte d'Ivoire / Cashew production up 20 000 T, according to a partial assessment (Official)

The cashew sector recorded domestic production at the end of May, estimated at 630,000 tons, an increase of 20,000 tons compared to the same time last year, the company announced on Friday. le Conseil coton anacarde (Cotton cashew nut board).

The special adviser to the director general of the council cashew nut, N'Dri Philippe, revealed these figures, which date from Thursday, during an interview with producers, this Friday, in the marriage hall of the town hall of Dabakala.

He urged planters to redouble their efforts and focus on the quality of the product.

Ivory Coast production was 610 000 t at mid-term and was 673 000 t at the end of the season. It was 650 000 T in 2016.

Help from Tony Blair Institute-IVC

Cashew processing: The Ivorian government receives support from Tony Blair Institute / Amadou Gon Coulibaly (Ivorian Prime Minister): "We must go to the stage of transformation"

The Ivorian government has received support from the Tony Blair institute for the processing of cashew nuts. To this end, a letter of intent was signed on Thursday 31 May 2018 by Prime Minister Amadou Gon Coulibaly and former British Prime Minister Tony Blair.

The Tony Blair Institute is committed to supporting the Ivorian government in the processing of cashew nuts and cotton. A letter of intent was signed on May 31, 2018 in Abidjan by Ivorian Prime Minister Amadou Gon Coulibaly and former British Prime Minister Tony Blair.

"We have identified together the need to proceed with the processing of cashew nuts, because with our 700,000 tons per year, we are the first producing country. It is obvious that to create jobs and to capture added value, we must go to the stage of transformation, "said Amadou Gon Coulibaly.

How Vietnam export so big volume of cashew nuts

Veitnam: How to export cashew nuts to 4 - 5 billion dollars?


To achieve this, one of the most important factors is the organization of raw materials. " This is the direction of the Minister of Agriculture and Rural Development Nguyen Xuan Cuong in the "Vietnam Cashew Development Conference" held in the "capital" of Binh Phuoc.

Vietnam's hunger never dies

The largest exporter in the world, Vietnam still imports 65% of raw cashew nuts


Vietnam strives to increase the export value of processed cashew nuts by 2030 to US $ 7 billion, export turnover of US $ 10.5 billion. Vietnam is the largest exporter of cashew nut in the world, but imports 65% of raw material, of which Nigeria is one of the major raw material suppliers in Vietnam.

Ivory Coast's incredible cashew production history

Cashew: Ivory Coast, world leader, doubled its production in five years


Côte d'Ivoire has doubled its cashew nut production in five years, a performance achieved after reforms that have raised this agricultural country in West Africa to the world's leading producer, the official said Friday. of the sector.