Cashews: RCN supplies are not the issue
August 4, 2021 at 4:07 PM ,
Der AUDITOR
Production to rise by more than 30% in Cambodia
At 3.76 million mt global raw cashew nut production will only range 1.6% lower than in 2020/2021. Although Côte d'Ivoire will retain its position as leading producer, production is expected to decline by 6.7% to 840,000 mt. Declines are also anticipated in Vietnam (-11.1%) and in Ghana (-11.8%). Production in India (+6.8%) and in Cambodia (+31.6%) is, by contrast, expected to rise. Although enough raw chashew nuts (RCN) are available, the shipping of processed nuts is diffcult as containers are lacking. The bottleneck has turned worse since in October and affects all agricultural raw materials. Freight charges are rising continuously and have doubled on last year. These problems have prompted stocks in Europe and the United States to melt away.
|
Cashew (RCN) production, in mt |
|||
|
Country |
2020/21 |
2021/22 |
Diff. |
|
Côte d'Ivoire |
900,000 |
840,000 |
-6.7% |
|
India |
691,000 |
738,000 |
6.8% |
|
Vietnam |
450,000 |
400,000 |
-11.1% |
|
Cambodia |
190,000 |
250,000 |
31.6% |
|
Nigeria |
260,000 |
240,000 |
-7.7% |
|
Tanzania |
220,000 |
220,000 |
0.0% |
|
Guinea-Bissau |
180,000 |
180,000 |
0.0% |
|
Ghana |
170,000 |
155,000 |
-9.2% |
|
Benin |
173,000 |
150,000 |
-13.3% |
|
Brazil |
135,000 |
135,000 |
0.0% |
|
Indonesia |
115,000 |
115,000 |
0.0% |
|
Burkina Faso |
100,000 |
100,000 |
0.0% |
|
Guinea Conakry |
60,000 |
60,000 |
0.0% |
|
Mozambique |
55,000 |
55,000 |
0.0% |
|
Senegal |
35,000 |
35,000 |
0.0% |
|
Togo |
20,000 |
20,000 |
0.0% |
|
Gambia |
15,000 |
15,000 |
0.0% |
|
Mali |
7,000 |
7,000 |
0.0% |
|
Kenya |
6,000 |
6,000 |
0.0% |
|
Others |
54,000 |
54,000 |
0.0% |
|
Total |
3,836,000 |
3,775,000 |
-1.6% |
|
INC Juli 2021 |
|||
Exports to rise in Vietnam
The Vietnam Cahsew Association (Vinacas) reckons that the country's exports will rise in the third quarter. July exports are estimated at 50,000 mt worth USD 324 million according to the MInistry of Industry and Trade. Although this is 14.9% down on June in terms of volume, exports are 19.6% up on July 2020. Exports are expected to range at 324,000 mt worth USD 1.97 billion in January to July 2021, which is 21.4% up on last year. Prices in Europe are nominally down on last week with WW320 cashew kernels from Vietnam trading at EUR 6.85/kg FCA Spain.
|
Cashew kernels, Vietnam |
|
|
Type |
EUR/kg |
|
Roasted and salted |
6.95 |
|
White splits |
5.05 |
|
Large white pieces |
3.95 |
|
WW320 |
6.85 |
|
WW240 |
7.30 |
|
FCA Spain |
|
Prices are up India
Cashew nuts are, by contrast, trading higher than last week in India. W240 chashew nuts have, for instance, risen by USD 43/mt in price and W320 cashew nuts by USD 38/mt. W240 cashew nuts are now trading at USD 9,993/mt and W320 cashew nuts at USD 8,649/mt FOB.
|
Cashew nuts, India |
|
|
Type |
USD/mt |
|
W240 |
9,993 |
|
W320 |
8,649 |
|
W450 |
7,842 |
|
LWP |
6,767 |
|
SWP |
5,422 |
|
FOB India |
|
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