Volume-16, Issue-39, 20-26 Sep, 2015

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In the Cashew Week...

Cashew Market Commentaries from Experts
Indian Cashew Market Commentaries
International Cashew Market Commentaries
9th-ACA World Cashew Festival and Expo-Highlights
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
Almond Report

News Highlights
Global Weather
Upcoming Trade Events
International Trade Events
Indian Trade Events

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

During the week, W320 grade quoted unchanged in the region of USD 3.55 and 3.70 FOB at Tuticorin. Demand is
expected to pick up in the coming weeks ahead of festival season.
Fig 2: Raw Cashew Nut (RCN) - Average Price INR per 80 kg bag
Ex- Vetapalem (Andhra Pradesh, India)

RCN prices traded steady at Rs 100 per kg during last week.

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Cashew Market Commentaries from Experts

Indian Cashew nut Market at a glance
Indian markets are waiting for cues from consumption side as producers have adequate inventories and traders too.
The moderate trend in exports is making the market shy from an upward bias while a downward bias is being
prevented from high raw material costs on hand and on offers.
In exports, currently there could be signs of subdued interest till inventory is watered down to negligible levels. Un
workability in the medium term is being seen as long term by some processors and hence a turn off to the business
model itself. High costs in some particular areas and states will not be tenable and States with low costs or some
advantages may not have the expertise and the business acumen. Temporarily this would lead to a situation of
unsatisfied buyers as well as unsatisfied sellers not merely in the quality but also on the ease of doing business and
trust that is required to build up on medium term contracts.
Conversions would be going on for next four to six weeks and indications are that RCN would run out and then it
would move to a hand to mouth stage.
The shell liquid price crash as a fallout of the petroleum products price decline is now going to hit back on RCN and
not necessarily made up by kernel prices.
Production economics of RCN as well as production costs require serious scrutiny as there is no homogenized
process or cost across locations.
Cashew kernel consumption is poised for an increase in the medium term though current situation is that of a slack.
Over time it will be made up at new destinations and new applications which we should seriously work for.
Source: Giridhar Prabhu, Achal Cashew, Mangalore
Orissa
No change in market sentiment during last week.
Table: 1- Cashew kernel prices in Odisha (INR per kg)

Grades
W240
W320
W450
JH
K

Jeypore
09/26/2015
635-645
585-595
560-570
550-555
525-535

Coastal Odisha /
Palasa
09/26/2015
585-595
555-560
525-530
525-535
505-510

Source : Mr Rajendra Sabat, Sabat Associates, Odisha

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Indian CNSL market Commentaries

Due to lesser demand the cashew shells are costing slightly less at INR 5.40 per kg. Cashew cake is still around INR
4.40 per kg. CNSL is at INR 16 per kg on credit. The kiln grade CNSL, which was very famous two decades back is
costing more at INR 20 per kg.
Source: Mr. Omprakash N. Phadnis, Phadnis Cashews, Panruti, Tamil Nadu

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International Cashew Market Commentaries

The markets look a little weaker this week on lack of buying interest especially for the near positions. There seems
little prospect of a reversal of this trend for now as buyers in Europe and USA are not under pressure to cover and
may wait to see if prices weaken. Demand in the all-important Indian market may be the key to the immediate
outlook with Diwali seven weeks away. However indications in 2015 so far would not encourage optimism. In any
case regardless of what happens in India there remains a building pressure on Vietnamese traders to move
inventory. The market seems likely to head for the lower end of the range but a further fall below the years seems
unlikely for now. RCN should follow but looking forward toward the end of the year it would not be surprising to see
RCN prices tighten again.
Source: Mr Jim Fitzpatrick
Vietnam
Market was weak with limited trades happened during the past week. Most of the packers who were the sellers are
the ones whom need to move good quickly to get the payments as they need to pay loans back and cannot sit on
goods for long with positive anticipation. W320 reportedly traded at USD 3.35 per lb fob, Ws at USD 3.10 per lb fob
for Oct shipments, sold by medium packers. Small processing units have shut down their facilities due to shortage of
RCN as usual but this news does not support the market for the time being. China demand would probably be the
key factor for the cashew industry for the rest of the year. But with its current economic situation, demand is likely
to fall. It is absolutely firm that China will buy but not strong as usual. The off-take of China for its Mid-autumn
festival was not good as earlier estimation, so the New Year and the Lunar New year will be. The demand would be a
bit bigger but will not much support to the entire market.
USA and EU are now playing major factors for the market. Some enquiries of delayed shipments asked by importers
have been seen due to overstock from importing origins. This would indicate a quiet market in the coming weeks.
There could be some buying interests in the coming time especially from USA as they need to cover some more
quantities. What market prices will be like then? Will buyers buy now or wait for further soft prices? This will be
known soon.
Source: Mr. Kim, Khiem Nguyen Co., Vietnam
We have enjoyed a nice and constructive ACA conference in Mozambique. It was very interesting to hear the views
on the market and the way forward. Demand at the moment remains slow and this is a little bit strange as usually
September and October are becoming quite active with buyers covering for the 1st half of next year. Buyers are not
triggered at the moment as due to the slow market, prices of kernels slightly come down.
Opposite to the price decrease of the kernels, we see prices for raw seeds going up and very firm. The coming
months the only supply for India and Vietnam will come from Indonesia and Tanzania while Mozambican raw seeds
only are allowed to be exported end of February and Brazil processing their own crop.

Source: Mr Kees, Global Trading Agency, Netherlands

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The Cashew Season in SEGABI is over since 1 month. Due to High prices Locally all Stocks at Origin Level Were sold in
Record Time.
Source: Amrith Kurien
The Cashew nut Board of Tanzania has officially started issuing RCN buying license on 21st September 2015. First
sales auction has been scheduled to take place on 2nd October 2015 at Mtwara station. From there onwards we
expect to have auctions on a weekly basis depending on the availability of RCN in respective warehouses. This year
we expect to sales of RCN to be less when compared to last season due to low RCN harvests recorded from farmers
(around 130,000 metric tons estimated). Low RCN production during this season has been attributed by uneven
distribution of rainfalls.
In Tanzania, no auction took place last week instead we expect to have first auction this week on 2 October 2015.
Our earlier plan was to convene auction on 25 September 2015 but due to time delay of raw cashew nuts collection
towards bonded warehouses we didn't have enough stock to call for auction. On side of buyers, there is increasing
number of companies registered for raw cashew nut buying license this crop season. Last week being first week to
issue raw cashew buying license, 25 companies were issued mainly for export purpose. Buyers registration is
expected to resume today after weekend break. If all registered companies will participate this week's auction the
price will be high around 2,500/= Tanzania shillings per Kg.
Source: Juma, Cashew nut Board of Tanzania

9th ACA World Cashew Festival & Expo: Highlights

The 9th ACA World Cashew Festival & Expo was organized by ACA in collaboration with INCAJU, the national body for
the Mozambican Cashew Sector between 21 and 24 September 2015. The key focus areas taken up for discussions
were (a) improving productivity of raw cashews, especially in western Africa; (b) increasing cashew processing within
Africa through enabling policy environment, access to cheaper finance and skill development to operate and manage
cashew factories.
Key challenges in raw cashew production
Most of the growth in RCN production in Africa has come from production growth in West Africa, more precisely,
growth in RCN production in Ivory Coast.
Yield improvement programs that are in place since 2010, have started yielding results in West Africa. More impact
will be seen in the next three to five years.
In East Africa, Tanzania has been showing significant yield improvements in the new plantations. Yields of up to 1500
kg/ha is observed in new plantations in Tanzania, according to Dr Peter Masawe.
Mozambique is struggling to increase its RCN production, although it has a well-established processing industry.

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Key challenges faced by African cashew processors in 2015

(a) RCN traded well-above the state advised opening prices during the 2015 season in West Africa, putting African
processors at a relative disadvantage. Higher prices of RCN imply higher investment in inventories. Access to
financing inventories is limited and often comes at a higher cost. Vietnam and India has a better access to bank
finance sources for working capital. Also, the costs of funds in local currency in these countries are 3 to 5 percent per
annum cheaper than those available to African processors.
Secondly, during the season, there was an apparent lack of parity between RCN prices and kernel prices. So, new
processors in West Africa were reluctant to taking positions.
(b) Skill manpower to run the factories is still a challenge in Africa. Processing costs (excluding finance costs) USD
per ton of RCN in Mozambique, India, Tanzania, Vietnam, Ghana, IVC and Nigeria are 400, 350, 375, 200, 440, 630
and 410 respectively (as presented by Mr. Sunil Dahiya, ACA Business Advisory).
(c) There is no market for brokens in Africa. Suggestions ranged from developing local markets for brokens to
negotiating with Government of India for a reduction in the import duty on brokens.
(d) Higher minimum wages: IVC has increased the minimum wages to be paid for workers from USD 50 to USD 100.
This would further affect the viability of many new ventures.
What to look forward to
Cashew nut board of Tanzania is considering adopting electronic auction from this season. The season maybe slightly
delayed this year. While it is too early to forecast the crop size, expectations are that it would be in line with last year
level.
CCA is getting ready for SIETTA 2016. It has also opened a Cashew Technology Centre, in one of the key cashew
growing regions. The Technology Centre, housed inside the University, is expected to provide information to
processors and also would be a research centre on new processing technologies. CCA plans to collaborate with
Vietnam and India in developing the Centre.
Extensive clinical trials on cashew consumption and health are on final stages of completion. Reports can be
expected anytime.
IVC may also go for a warehouse receipt system from the next year onwards. It would provide for not only
standardization, but also access to financing against the stock and inventory allocation decisions.
CCA has set a target of processing 120,000 tons of RCN within the country by 2020.
Benin is expected to process more from next year with the planned commencement of new facilities.
Sealing the border in Guinea Bissau has been reported as successful with official exports touching 180,000 tons. The
government might also introduce incentives for processors in line with other West African neighbors.

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'Chemical-free fumigation' is a concept that is catching up fast. Soon one could see trials by some of the progressive
cashew processors.
Other events:
INCAJU chose the occasion to host a national cashew festival between 19 and 21 September, 2015. All the members
of the national cashew association of Mozambique - producers, processors, researchers, government bodies, NGOs
and buyers participated in the exhibition.

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Currency Movement
Table-2: Forex rates in USD
Currency
Indian Rupee (INR)
Euro (EUR)
Japanese Yen (JPY)
Brazilian Real (BRL)
Chinese Yuan (CNY)
Singapore Dollar (SGD)
Tanzanian Shilling (TZS)
Thai Baht (THB)
Mozambique New Metical
(MZN)
Vietnam Dong (VND)
Indonesian Rupiah (IDR)
Benin CFA Franc BCEAO
(XOF)
Ghanaian New Cedi (GHS)

09/18/15
65.920
1.130
120.010
3.945
6.364
1.399
2169.250
35.648
43.780

09/25/15
66.099
1.120
120.490
3.973
6.374
1.425
2166.000
36.168
43.500

22509.500
14413.000

22503.000
14667.000

573.990
3.955

587.620
3.830

Indian rupee last week traded in the region of

65.53 and 66.27 against the dollar. Rupee failed to
hold to recent gains and settled weaker above 66
during last week. As far as the recent support of
64 holds, expect rupee to remain depressed going
forward. But in the near term, rupee may
appreciate for the recent sharp fall.
USD vs INR Movement
Fig 3: USD/INR Daily chart

Currency Outlook
Indian rupee

USD vs BLR Movement

Fig 4: USD/BLR Daily chart

Indian rupee last week settled lower ahead of key RBI

policy meet, which may cut the rate by 25 bps. The US
fed chair Janet Yellen said that there were financial
stability risks to holding rates at ultra-low levels for too
long. The more prudent strategy is to begin tightening
in a timely fashion and at a gradual pace, adjusting
policy as needed in light of incoming data, she said,
signalling bright chances of rate hike in Q4 of 2015.

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Fig 5: USD/VND Daily chart

Brazils real after posting a record low of 4.24 against

the dollar, reversed most of the recent losses after the
governor of the central bank said he was willing to use
all instruments available to policymakers to stem
the currencys recent slide, which includes usage of
foreign reserves.
Brazilian real last week traded in the region of 3.8814
and 4.2487 and settled the week at 3.9777, signalling
overall weakness in trend. As we right mentioned, real
has in fact weakened to 4.24 against the dollar during
last week. The weakness is overdone and real may
actually beginning to appreciate gradually in the
coming weeks.
USD vs VND Movement
HSBC believes Vietnam may devalue the dong by 1
percent
further
to
protect
Vietnamese
competitiveness.
HSBC is of the view that Vietnam dong/dollar
exchange rate would rise from VND21,800 per dollar
to VND22,830 by the end of 2015 and to VND23,300
by the end of 2016.
The Vietnam Chamber of Commerce and Industry said
at a meeting in Hanoi last week that 60 percent of
local companies are not making profits and "a slight
cut" in interest rates is necessary.
Last week Vietnam dong traded in the region of 22,442
and 22,542. Vietnam dong is in uncharted territory it is
very difficult to guess further direction of dong. Overall
Vietnam Dong may continue to remain weak and to
trade in a broad range of 22,080 and 22,750 levels
going forward.

Fig 6: Comparative Movement of Currencies in 2015

vis--vis USD in cashew processing regions (Weeks
starts from January 2015 and value indexed to 100)

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Prices of Nuts in India and

International Markets
Indian Prices of Nuts
Table 3: Indian prices of cashew kernels
Cashew Grades
09/19/2015
Tuticorin (USD/lb fob)-export prices
W240
3.60-3.80
W320
3.45-3.65
W450
3.40-3.55
SW320
SW360
WS
3.15-3.30
Butts
Splits
Large Pieces
2.95-3.10
Mangalore Karnataka (INR/ Kg)
W180
794
S180
750
W210
692
S210
635
W240
635
S240
591
W320
569
W1
556
SW
534
SSW
507
JH
582
S
569
LWP
542
SWP
516
K
556
JB
573
Kollam (INR/Kg)
W180
683
W210
617
W240
556
W320
547
W450
520
SW240
516
S (Splits)
547
SS
494
Butts
520
SB
520
SP
485
LWP
525
WSP
485
Delhi (INR/Kg)
W320 No.
598

09/26/2015
794
750
692
635
635
591
569
556
534
507
582
569
542
516
556
573
598

Cashew Grades
W210 No.
W240 No.
W180 No.
2 pieces
4 pieces
8 pieces
Sangrur (INR/Kg)
W320
W210
W240
W180
2 pieces
4 pieces
8 pieces
Jeypore Orissa (INR/Kg)
Local Raw Nuts-Dry
W180
W210
W240
W320
W400
W450
S210
S240
S320
W1
JB
K
LWP
SWP
SSW
JH
Vetapalem AP (INR/Kg)
W210
W240
W320
SW
JH
K/LWP
W1
JB/Butts
W400

09/19/2015

09/26/2015

745
648
838
608
593
510

745
648
838
608
593
510

775
807.50
798
875
655
612.50
532.50

765
797.50
787.50
865
655
612.50
532.50

122
800
685
630
590

123
850
710
635
590

620
580

660
585

535
530
520
500
550
545

540
545
520
505
560
560

580
550
520
500
510
480
480
460
490

580
550
520
500
510
480
480
460
490

Panruti Tamil Nadu (INR/Kg)

Raw nut (INR/kg)
-W240
W320
W450
JH
JK
LWP
SWP

542

542

507
503
498
503
489
-

507
503
498
503
489
-

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Cashew Grades

09/19/2015

09/26/2015

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

Jalandhar-Punjab (INR/Kg)

W320
W210
W240
W180
Cashew Grades
Goa (Rs per kg)
W180
W210
W240
W320
W400
JH
K
BB
NW

738
793
718
798
09/18/2015

738
793
718
798
09/26/2015

900
720
650
610
580
650
600
430
500

*
*
*
*
*
*
*
*
*

Table 4: Cashew Raw Nut Prices

Origin

09/18/2015

09/25/2015

9760

9840

1323-1446
1200-1353
1661-1769
1265-1422
1400-1585
1784
*
1292-1431
1523-1553
1615-1769
1600-1723
1385

*
1184
1707
*
1338-1600
1861
1400
1354-1554
1400-1523
1631-1708
1646-1708
*

09/18/15
180
*

09/26/15
180
*

587.5-590
810/812
780/880
1225/1325
1400/1450
1475/1550
200/430
750/1200
225/275
325/375
400/450
*

580-582.5
795/797
780/880
1225/1325
1400/1450
1475/1550
200/430
750/1200
225/275
325/375
400/450
250/800

112.50/120
125/250
300/495
237.50/262.50

112.5/120
125/250
300/495
225/250

4000-12000
5000-13200

4000-12000
5000-13200

15500

India, local Odisha

(INR per 80 kg bag)
Ghana (USD per tonne CNF)
Nigeria (USD per tonne CNF)
Guinea Bissau (USD pert tonne CNF)
Burkina Faso (USD per tonne CNF)
Ivory Coast (USD per tonne CNF)
Indonesia (USD per CNF)
Togo (USD per CNF)
Benin (USD per CNF)
Guinea (USD per CNF)
Gambia(USD per CNF)
Senegal(USD per CNF)
Mozambique (USD per CNF)

Table-6a: Kollam Cashew Kernel USD per lb-FOB

09/11/15
W180
W210
W240
W320
SW240
SW320

Grades
Almond Girdhi in shell
Almond Gurbandhi in shell
Almond California in shell
Almond Kernel California
Almond Kernel Gurbandi
Pistachio Irani
Pistachio Hairati
Pistachio Peshawari
Walnut New
Walnut Kernel
Fig Common
Fig Medium
Fig Best
Apricot
Kishmish (Rs per kg )
Indian Yellow
Indian Green
Kandhari
Ranga
Dry Dates (Rs per quintal)
Red
Rangkat
Raisin- Sangli (Rs per quintal)

5.20
5.00
3.80
3.55
3.55
3.45

SW360
Splits
Butts
LWP
LSP (SP)
BB

*
3.50
3.45
3.38
3.20
3.10

16000

Prices of Nuts at International Market

Table 6: Cashew Kernel Prices in International markets
09/18/2015

Grades

09/25/2015

Vietnam (USD per lb fob)

W240

3.55-3.60

3.55-3.60

W320

3.40-3.50

3.35-3.40

W450

3.20-3.25

3.20

WS

3.05-3.10

3.05-3.10

LP

3.02-3.05

3.00

Table-6b: Mumbai Cashew Kernel (Rs per 10 kg)

09/26/15
W320
W240
W210
W180
S
K

5900
6300-6400
7100
8700
5900
5750-5800

S320
S240
S210
S180
JH

5700-5800
5700-6000
6400-6900
7550-8050
6050

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Almond report- California and New Delhi

Indian Dry Fruits & Nuts market as on date is in bad shape
Almond markets closed last week for CY 2014 at INR 22000-22200/40 Kg/70% SS Basis ( Equivalent to 3.20$/lbs of NP
In shell's Price), for CY 2015 the prices being quoted are around INR 22800-23000/40 Kg/70% SS basis ( Equivalent to
$ 3.33-35/lbs of NP In shell's Price). At the same time BD for CY 2014 is being quoted INR 23000-23200/40kg (
Equivalent to $ 3.36/lbs of NP In shell's price) but buyers and sellers are both wanting to watch the first few loads for
crack outs of BD before quoting any prices for CY 2015. FAQ kernels are trading at INR 790-800/kg ( Equivalent to
$3.05-10/Lbs of NP In shell's converted prices).
Currency has been volatile and has further depreciated to Rs.66.15 against the US$.
Delayed demand with other Global economic downtrend cues has made the dry fruits and nuts markets were the
first victim. Consumers are substituting to other cheaper varieties of food supplements. Gifting market for Dry Fruits
is going to bear the maximum brunt and that too only because of Almond prices. This year it is anticipated that
during festivals Sweets & Biscuits will get substituted to Dry Fruits/Nuts. As it is about 45 days are remaining to
India's main religious festival i.e., Diwali and the buyers/traders have not shown any interest in covering their short
positions. Its a panic situation.
August Shipments were of very high prices and on today's M2M the buyers lose about 10-15% of its value or his hard
earned capital. Already markets were under severe financial pressure on account of Australian Carmel/prices, stocks
which at the moment seems to be a dead stock.
There will be demand destruction in Indian market due to high prices and as per my understanding it should not be
more than 25%. These are price conscious buyers but this should get balanced by the same percentage of less
imports and supply squeeze. India is the buyer for first quarter of every year, as India is the gateway to Global
Festivals and in CY2014 the first three months India imported about 66 Million Lbs of Almonds, which is about half of
its annual imports and in Aug CY 2015 we have already seen a drastic decline of 37%. Surely, the Sep shipments to
India would add on to this balancing of the supply and demand balance sheet.
Prices in California, despite a small and drought stricken crop, have fallen by around 10% from its high of $ 3.80/lbs
to 3.40$/lb (though they may not reflect the actual position), but sentiments in California are also weak citing
shortage of global demand especially from India, ME & China. Buyers from EU & US have to cover for Christmas &
New Year, which should infuse lot of confidence in the markets.
This sudden price crash has put many sales under scanner as there is a high possibility of defaults, delayed payments
and claims from the so called Emerging Markets. Sellers will have to extra cautious on the high price contracts.

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Already we are hearing some defaults in Walnuts. Further one of the Almond trader has been penalised today by
State Tax Department with over 3 Million US $ for tax evasion, which was making him competitive against other
traders. Though other traders have also been penalised but not to such an extent. The news was all over in today's
national daily THE HINDUSTAN TIMES.
Walnut Inshell shipments are stuck up at ports. Cashew prices in Delhi market have corrected by 3-5% with no sales
support. Afghan Pistachios have crashed back to 19-19.5$/kg from its initial offerings of US$ 25/Kg. Iranian Pistachio
prices have also dropped by 5% as EU & China have not shown any buying interest despite small crop.
China has its own transshipment issues for illegal imports from HK & Vietnam, Middle East has already seen defaults
and accordingly banks have squeezed the credit lines to the famous Al Ras market along with other civil war issues.
With the squeeze over Al Ras market, India might get the benefit as the Illegal imports via IOK/POK will much
effected and the FAQ kernel prices should improve as the duty free material's availability used for mixing will be far
less.
Tumbling commodity prices coupled with the strengthening of US $ against other currencies has caused sentimental
panic even with the niche commodity consumers.
After all above one good news is that one of the big guns from Ca offered at 3.40$/lbs on CIF levels, but only for
those buyers who had bought at 3.80 levels and assuming the crack outs at 72% yesterday's offer of 3.40 translated
at 3.25 FAS basis and the average would be 3.60$. This will become an open price for markets and will lift the
sentiments of both the buyers (Reduced Losses) & sellers (Get a direction).

Lets hope that month of October brings some stability to consumer sentiments to ignite demand.
Source: Ravindra Mehta, Class Alzone Pvt.Ltd, International Fruits and Nuts Organisation, Delhi-India

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News Highlights

India has overtaken US in cashew consumption: CEPCI

KOCHI: Cashews may be expensive to buy but India has overtaken the United States in its consumption, says the
apex body of the country's cashew exporters. Top officials of the Cashew Export Promotion Council of India (CEPCI)
say it is wrong to describe cashew as 'poor man's crop, rich man's food' in the post liberalization scenario."India is
the largest consumer of cashew in the world today. Once America was number one in consumption of cashew," says
R K Bhoodes, Convener-Budget and Finance Committee of the CEPCI.
Continue reading
Mechanisation vital for cashew industry: council
Promoting mechanisation of the cashew processing sector will be the main thrust of the three-day programme being
organised in connection with the diamond jubilee celebrations of the Cashew Export Promotion Council of India
(CEPCI) at Kochi from September 29. The celebrations, to be held from September 29 to October 1, will be formally
inaugurated by Industries Minister P.K. Kunhalikutty at a function to be presided over by CEPCI Chairman T.K. Shahal
Hassan Musaliar. Minister for Ports K. Babu will address the function.
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Ivory Coast: Exports of explosion
Consumers Western favorite snacks flavored salt (Salty-snack), who do not use fresh milk (lactose-intolerant) and
the "fan" Asian cuisine fans are indirectly supported pole for cashew farmers of the north of the country had been
devastated by war - Ivory Coast.
West African countries are ready to overtake India - the country with the largest area of the world thing. According
to data of the Ivorian sector, output of crude this country has tripled in the past decade, particularly miraculous leap
after the civil war ended in 2011.
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Cashew shortage to hit VN exports until end of year
HCM CITY (VNS) Cashew nut exports for the rest of the year are expected to fall due to raw material shortages,
according to the Viet Nam Cashew Association. Viet Nam exported 215,000 tons of cashew nuts worth US$1.56
billion in the first eight months of the year, a year-on-year increase of 9.6 per cent in volume and 22.6 percent in
value, said Nguyen Duc Thanh, Vinacas chairman.
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Mozambique: Govt. Wants 25 Percent Increase in Cashew Production

Mozambique's National Cashew Institute (INCAJU) hopes to increase the amount of cashew nuts marketed by 25 per
cent to 100,000 tons.
Speaking to reporters during a conference on cashew which began in Maputo on Tuesday, organized by the African
Cashew Alliance, the INCAJU director, Filomena Maiopue, said that 80,000 tons of nuts were marketed in the 20142015 campaign.
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Cashew nut harvest decreases impact of the current political crisis in Guinea-Bissau
The record level of the cashew nut harvest this year in Guinea-Bissau has cushioned the economic impact of the
political crisis affecting the Portuguese-speaking West African nation, said the countrys former finance minister.
Geraldo Martins, who was finance minister before the governments resignation over a month ago, said that exports
had already reached 170,000 tons, beating the previous record set in 2011.
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How cashew can create jobs, grow economy
Cashew has the potential for economic growth and employment if farmers and processors are supported to improve
production, the Acting Executive Director of Agricultural and Rural Management Training Institute Mr Julius Adebayo
Onietan has said.
In an interview, he said there was a need to revamp the industry and expand its processing capacity to higher levels
in the coming years. According to him, the industry is dogged by low input, low yields and poor prices for raw nuts.
Continue reading

Global Weather
India
According to the India Meteorological Department ( IMD), the overall monsoon deficiency which was around 16 per
cent until last week has now dropped by 3 percent (as of Sept-23-2015). Conditions continue to remain favorable for
further withdrawal of southwest monsoon from some more parts of northwest India and some parts of adjoining
central India during next 48hours.
Southwest monsoon has been active over Tamil Nadu and Puducherry and South Interior Karnataka during last
week. Heavy rainfall in forecasted over South Interior Karnataka, interior Tamil Nadu and Kerala throughout this
week. Rains are likely to occur in Coastal Andhra and Telangana in the later part of this week.

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Tanzania
Southern Coast (Mtwara and Lindi regions), Western region (Kigoma and Tabora) and Ruvuma in Southern region:
Mainly dry conditions to persist along with cold nights are expected during the period. In Dar Es Salam, Tanga few
areas are likely to receive light rains, with cold weather during nights.
Brazil
Weather is likely to be clear and sunny in Parnaiba,Piripiri, Floriano, Pikos, and Teresina districts of Piaui province
with no forecast of rains. However, weather may turn cloudy during the day in few places. Max temp for the week is
likely to be as high as 38-39C, during this week.
In Ceara region of Brazil places such as Caucaia, Fortaleza, Sobral and Maracanau weather is mostly clear and sunny,
however in Juazeiro do Norte, weather at times is forecasted to be cloudy, and however rains are unlikely to occur.
In Caico, Natal and Parnamrim of Rio Grande do Norte region of Brazil weather is forecasted to be clear ans sunny.
But in Macaiba weather mixed with forecast for isolated rains, which is unlikely to affect the crop which is about to
be harvested in a week or two.
Mozambique
In Mozambique weather is likely to be clear in the first half of this week with no forecast of rains. In the second
half weather is likely to be partially cloudy. In Nampula region which includes Angoche, Nampula, Nacala
weather is likely to be mostly clear with min and max temp to hover in the region of 21 and 32C.
In Cabo Delgado province of Mozambique, mostly clear sky is forecasted in Pemba, Varanga, while its mixed in
ibo, Mocimboa and Montepuez with moderate chances of occasional rainfall in few areas up to 10 mm during
the week.
In the capital city of Maputo weather is mostly clear with fewer chances of rainfall. Min and max temp is likely
to hover in the region of 20 and 30C. In Gaza region, which includes Xai-Xai, Manjacaze weather is likely to be
fair to clear.
www.weatherunderground.com, Tanzania Met Agency, www.accuweather.com, http://www.myweather2.com,
www.worldweatheronline.com, Source: IMD, Norway Met. Dept.,

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Upcoming trade events

Table-7: International Trade Events
Event
Name

Date

Venue

ANUGA

10-14 Oct
2015

Cologne/Germany

Organizer

Event Description

The worlds leading food fair for the retail trade and the
food service and catering market.

3RD
International
Cashew
Conference

16-17
Nov 2015

Dar es Salam,
Tanzania

VINACAS
Golden
Cashew
Rendezvous
2015

22-24
Nov 2015

Ho Chi Minh city

VINACAS

WCC-World
Cashew
Convention

18-20
Feb 2016

Dubai

Cashewinfo.com

Table-8: National Trade Events

Event
Date
Venue
Name

Kaju India
2015

29 Sept 01 Oct
2015

Kochi, Kerala

The Conference will bring together diverse actors

including researchers, processors, extensionists, policy
makers, farmers and other cashew value chain actors from
both public and private sectors to share knowledge and
experiences and propose strategies to stimulate increased
production and productivity in cashew. In addition, the
conference will enable the various actors to dialogue,
network and establish collaborative partnerships.
This year's conference was organized to integrate with the
25th anniversary of the establishment VINACAS. The
conference is also a place where people get together and
exchange information on policies to encourage
investment, boost exports by Vietnam government,
information on the business community and the business
that Vietnam, the season services, prices.
http://events.vinacas.com.vn/
The 2nd edition of World Cashew Convention is scheduled
on 18-20 February, 2016 at Al Bustan, Rotana. WCC 2016
will have enhanced program agenda spread over 3 days,
including ample time for networking. Please mark your
calendar and attend the 2nd edition of WCC 2016.
http://cashewconvention.com/index.aspx

Organizer

Event Description

CEPCI

It is an ultimate platform to deal with Indian Cashews and allied

products.
Brings togetherness the entire spectrum of the world Cashew
industry
Opportunity to showcase products and services through
dedicated exhibition booths.

turn key plants and machinery

for the cashew nut processing

turn key plants worldwide

automation systems
cleaners
calibrators
RCN humidification systems
CNSL bath roasters

steam roasters
shelling machines
shell/kernel separation systems
continuous and static dryers
peeling machines
color sorters

grading machines
dicers
split/pieces separators
ingredient preparation systems
packing systems
bucket elevators

OLTREMARE SRL
ITALY VIETNAM BRAZIL INDIA WEST AFRICA EAST AFRICA
Headquarters: Via dellIndustria,17-19, Zona Ind. Bargellino - 40012 Calderara di Reno (BO) Italy
+39 051 29 88 311 - +39 051 29 88 333
mail: info@oltremare.biz - olcashew@oltremare.biz
web: www.oltremare.biz

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TO
GLOBAL CASHEW INDUSTRY
ADVERTISE IN
CASHEW WEEK & WWW.CASHEWINFO.COM
For Advertisement in Cashew Week
&
Banner Space on www.cashewinfo.com
CONTACT: info@cashewinfo.com

"Do you have an interesting story to share with us on cashew value chain (in your region/country), innovation,
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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 incurred by any party either directly or
indirectly based on our research results, though we have presented the best of our knowledge.