Tuesday, August 26, 2008
Kenya: "Ban cashew nut exports",
Kenya: "Ban cashew nut exports", State toldThe Government has been urged to ban the exportation of raw cashew nuts to revive the industry. The chairman of Millennium Management Limited, a local nut processing firm, Mr Charanjit Singh Hayer, said cashew nut processors only handle about 22,000 tons of the raw nuts produced in the country. He said that it was estimated that more was exported to India by other players in the industry.He was speaking to 38 MPs from the East African Legislative Assembly based in Arusha in Tanzania who paid him a courtesy call in his office.Mr Hayer said: "If the Government controls the marketing of the raw nuts in the country and leaves it to local processors, employment opportunities can be created."Severe problemsHe said that only four companies were involved in the processing of cashew-nuts in the country. Mr Hayer said that his company was faced with severe problems in getting raw nuts as they were being bought by traders who exported the produce to India.He added that they had collected only about 270 tonnes this season, enough to run the factory for only 30 days."The purpose of our tour is to give legislators the opportunity to see and learn the problems facing the private and public sectors in the region so that when we are talking in our Parliament we can see how to tackle the issues emerging in every member state," said Speaker Abdirahim Abdi.Source: allafrica.com
Monday, August 25, 2008
TROPICAL STORM FAY HITS SE PEANUT BELT
TROPICAL STORM FAY HITS SE PEANUT BELT – Tropical Storm Fay pounded the Florida peanut belt and finally started moving its slow trek West across North Florida bringing lots of rain to the Florida Panhandle, Southern Georgia, Southern South Carolina and Southern Alabama. Some parts of Florida received over 2 feet. The impact on peanuts is unknown, but drainage should be quick since the area was so dry and many farmers hope to get back to harvest next week. The rains should help the peanut crop, provided the peanuts can drain. Harvest in Georgia and Alabama has not started, likely after Labor Day.
UPDATE ON GEORGIA ACREAGE – Peanut Farm Market News had reported 653,156 acres, two percent higher than the estimated 640,000 acres from the 2008 peanut acreage estimate. FSA reported this week that some counties were late and now the certified acreage number is 684,680 acres, almost a 7% increase above the estimate and 31.6% above last year. This number could change again until about September 1. Top 10 counties on acreage are:
Worth – 33,902; Mitchell - 32,192; Decatur – 26,199; Early -25,892; Dooly – 24,711; Irwin - 24,477; Bulloch - 24,040; Coffee - 23,223; Miller – 22,943; and Colquitt - 21,880.
– Tropical Storm Fay pounded the Florida peanut belt and finally started moving its slow trek West across North Florida bringing lots of rain to the Florida Panhandle, Southern Georgia, Southern South Carolina and Southern Alabama. Some parts of Florida received over 2 feet. The impact on peanuts is unknown, but drainage should be quick since the area was so dry and many farmers hope to get back to harvest next week. The rains should help the peanut crop, provided the peanuts can drain. Harvest in Georgia and Alabama has not started, likely after Labor Day.
UPDATE ON GEORGIA ACREAGE – Peanut Farm Market News had reported 653,156 acres, two percent higher than the estimated 640,000 acres from the 2008 peanut acreage estimate. FSA reported this week that some counties were late and now the certified acreage number is 684,680 acres, almost a 7% increase above the estimate and 31.6% above last year. This number could change again until about September 1. Top 10 counties on acreage are:
Worth – 33,902; Mitchell - 32,192; Decatur – 26,199; Early -25,892; Dooly – 24,711; Irwin - 24,477; Bulloch - 24,040; Coffee - 23,223; Miller – 22,943; and Colquitt - 21,880.
UPDATE ON GEORGIA ACREAGE – Peanut Farm Market News had reported 653,156 acres, two percent higher than the estimated 640,000 acres from the 2008 peanut acreage estimate. FSA reported this week that some counties were late and now the certified acreage number is 684,680 acres, almost a 7% increase above the estimate and 31.6% above last year. This number could change again until about September 1. Top 10 counties on acreage are:
Worth – 33,902; Mitchell - 32,192; Decatur – 26,199; Early -25,892; Dooly – 24,711; Irwin - 24,477; Bulloch - 24,040; Coffee - 23,223; Miller – 22,943; and Colquitt - 21,880.
– Tropical Storm Fay pounded the Florida peanut belt and finally started moving its slow trek West across North Florida bringing lots of rain to the Florida Panhandle, Southern Georgia, Southern South Carolina and Southern Alabama. Some parts of Florida received over 2 feet. The impact on peanuts is unknown, but drainage should be quick since the area was so dry and many farmers hope to get back to harvest next week. The rains should help the peanut crop, provided the peanuts can drain. Harvest in Georgia and Alabama has not started, likely after Labor Day.
UPDATE ON GEORGIA ACREAGE – Peanut Farm Market News had reported 653,156 acres, two percent higher than the estimated 640,000 acres from the 2008 peanut acreage estimate. FSA reported this week that some counties were late and now the certified acreage number is 684,680 acres, almost a 7% increase above the estimate and 31.6% above last year. This number could change again until about September 1. Top 10 counties on acreage are:
Worth – 33,902; Mitchell - 32,192; Decatur – 26,199; Early -25,892; Dooly – 24,711; Irwin - 24,477; Bulloch - 24,040; Coffee - 23,223; Miller – 22,943; and Colquitt - 21,880.
Thursday, August 14, 2008
Pecan Crop Outlook
Pecan Crop Outlook
Millions of pounds of pecans were shipped to China this year... which gave farmers in Georgia an unexpected boost in business. But as Eyewitness Reporter Kim Carapucci explains, this new demand from abroad will dramatically affect prices here in the U.S.
Some say pecan, others say pe-can. But either way, one thing's for sure... these nuts are about to get pricey.
Paul Joseph is the manager of the South Georgia Pecan Company gift shop. "You'll probably see a 10-15% increase in the price of pecans."Joseph has been in the pecan business for over 24 years and says he's never seen anything like this before."It's just simple economics with supply and demand. With China's demand going up three-fold this year over last year, it's just gonna put a lot more pressure here in the U.S."
Next year, the pecan crop is predicted to yield only half as much as last year...And with less supply and more demand, the price will only rise.Which is good news for farmers, but bad news for buyers.
Buck Paulk owns one of the largest pecan groves in South Georgia."We see expanding our market as a good thing. So I can't see any justification where it would be..anytime there's an increase in demand for your product that it could be anything but good."
Paul Joseph: "We're definitely concerned because people are having to spend so much money now for gas and necessities . Pecans are almost gonna be a luxury item this year and people probably won't buy as many."
Luxury or not, people will be shelling out more cash for these shelled nuts.
The prices are expected to rise by fall, so if you have a taste for pecans, you might want to buy them now.
Find this article at: http://www.wctv.tv/news/headlines/26936864.html
Millions of pounds of pecans were shipped to China this year... which gave farmers in Georgia an unexpected boost in business. But as Eyewitness Reporter Kim Carapucci explains, this new demand from abroad will dramatically affect prices here in the U.S.
Some say pecan, others say pe-can. But either way, one thing's for sure... these nuts are about to get pricey.
Paul Joseph is the manager of the South Georgia Pecan Company gift shop. "You'll probably see a 10-15% increase in the price of pecans."Joseph has been in the pecan business for over 24 years and says he's never seen anything like this before."It's just simple economics with supply and demand. With China's demand going up three-fold this year over last year, it's just gonna put a lot more pressure here in the U.S."
Next year, the pecan crop is predicted to yield only half as much as last year...And with less supply and more demand, the price will only rise.Which is good news for farmers, but bad news for buyers.
Buck Paulk owns one of the largest pecan groves in South Georgia."We see expanding our market as a good thing. So I can't see any justification where it would be..anytime there's an increase in demand for your product that it could be anything but good."
Paul Joseph: "We're definitely concerned because people are having to spend so much money now for gas and necessities . Pecans are almost gonna be a luxury item this year and people probably won't buy as many."
Luxury or not, people will be shelling out more cash for these shelled nuts.
The prices are expected to rise by fall, so if you have a taste for pecans, you might want to buy them now.
Find this article at: http://www.wctv.tv/news/headlines/26936864.html
Wednesday, August 13, 2008
Global California almond shipments soar
Aug 12, 2008 10:25 AM
Exports of California almonds soared for the marketing year just closed, according to the Almond Board of California, Modesto, Calif. Almonds soared to new all-time records, indicating continued strong global demand.
Record shipments accompany the industry’s largest crop ever. 1.38 billion pounds of almonds, 24 percent more than the previous year, were harvested during 2007.
Total worldwide shipments grew by 18 percent over the prior crop year to reach 1.26 billion pounds. Specifically, shipments within the U.S. rose 7.2 percent to reach 394.8 million pounds. The U.S. is the largest single market for California almonds. Domestic shipments accounted for 31 percent share versus 69 percent for export shipments.
Almond shipments to overseas markets increased to 866.4 million pounds, up 24 percent over the previous year, led by strong growth in Europe, Asia and the Middle East. Notably, almond exports have achieved new monthly records for the past 13 consecutive months.
Western Europe and Asia remained the top two export destinations on a regional basis, with shares of 54 percent and 23 percent respectively. Exports to Western Europe grew 24 percent over the previous year, while exports to Asia grew 20 percent, driven by strong demand in markets such as India, China and Korea where new shipment highs were recorded. In terms of individual markets, the top five export destinations were Spain, Germany, India, Japan and China.
“The growers and handlers of California almonds have set the stage for this unprecedented growth with forward-thinking, strategically sound programs administered by the Almond Board of California. From the research in the field aimed at creating a more sustainable environment for growing almonds to the investment in research to understand almond nutritional benefits, the entire almond community has been focused on making record crops and record demand a reality,” said Almond Board President Richard Waycott. “In fact, almonds continue to be the second most frequently used nut worldwide for new nut product introductions and if demand continues to grow at this rate, almonds will become the number one nut for global new product introductions in 2008.”
Find this article at: http://www.westernfarmpress.com/tree-nut-crops/almond-shipments-0812/index.html
Exports of California almonds soared for the marketing year just closed, according to the Almond Board of California, Modesto, Calif. Almonds soared to new all-time records, indicating continued strong global demand.
Record shipments accompany the industry’s largest crop ever. 1.38 billion pounds of almonds, 24 percent more than the previous year, were harvested during 2007.
Total worldwide shipments grew by 18 percent over the prior crop year to reach 1.26 billion pounds. Specifically, shipments within the U.S. rose 7.2 percent to reach 394.8 million pounds. The U.S. is the largest single market for California almonds. Domestic shipments accounted for 31 percent share versus 69 percent for export shipments.
Almond shipments to overseas markets increased to 866.4 million pounds, up 24 percent over the previous year, led by strong growth in Europe, Asia and the Middle East. Notably, almond exports have achieved new monthly records for the past 13 consecutive months.
Western Europe and Asia remained the top two export destinations on a regional basis, with shares of 54 percent and 23 percent respectively. Exports to Western Europe grew 24 percent over the previous year, while exports to Asia grew 20 percent, driven by strong demand in markets such as India, China and Korea where new shipment highs were recorded. In terms of individual markets, the top five export destinations were Spain, Germany, India, Japan and China.
“The growers and handlers of California almonds have set the stage for this unprecedented growth with forward-thinking, strategically sound programs administered by the Almond Board of California. From the research in the field aimed at creating a more sustainable environment for growing almonds to the investment in research to understand almond nutritional benefits, the entire almond community has been focused on making record crops and record demand a reality,” said Almond Board President Richard Waycott. “In fact, almonds continue to be the second most frequently used nut worldwide for new nut product introductions and if demand continues to grow at this rate, almonds will become the number one nut for global new product introductions in 2008.”
Find this article at: http://www.westernfarmpress.com/tree-nut-crops/almond-shipments-0812/index.html
Tuesday, August 05, 2008
Weekly Cashews Update
Aug 2, 2008
Cashew market undertone has been steady this week – although there was very little activity, prices are holding up and there is hardly any selling interest at lower levels. Prices continued to be in a wide range i.e. 3.40-3.55 for W240, 3,30-3.45 for W320, 3.10-3.25 FOB for W450. Splits and Pieces moved up in Indian market but were reportedly soft in international market
Traditionally, July is quiet but it has been unusually quiet this year… this makes it all the more difficult to judge market trend. If buying interest for nearbys is limited, prices may ease a bit as small & medium packers will have product to sell for Aug-Oct shipment. If buyers need to cover large quantities for this period, then prices will remain around current levels and may even move up a bit
During Aug/Sep, EU buyers do major portion of their buying for the next year and USA buyers do their top-up buying for rest of the current year. This year, there is a lot of uncertainty about both and this will make it difficult for all stakeholders to take decisions on pricing & extent of position taking.. The historically high prices and higher level of uncertainty are a challenge (and for some, an opportunity)
General feeling is that prices will remain around current levels or little higher in the coming weeks – it will be interesting to see what impact this has on the volume of business that people are able (willing) to do for 2009 shipments
What is your opinion about market situation & trend ? Would appreciate your views & forecast on consumption / demand trends and any other info & news
Regards
Pankaj N. Sampat
Cashew market undertone has been steady this week – although there was very little activity, prices are holding up and there is hardly any selling interest at lower levels. Prices continued to be in a wide range i.e. 3.40-3.55 for W240, 3,30-3.45 for W320, 3.10-3.25 FOB for W450. Splits and Pieces moved up in Indian market but were reportedly soft in international market
Traditionally, July is quiet but it has been unusually quiet this year… this makes it all the more difficult to judge market trend. If buying interest for nearbys is limited, prices may ease a bit as small & medium packers will have product to sell for Aug-Oct shipment. If buyers need to cover large quantities for this period, then prices will remain around current levels and may even move up a bit
During Aug/Sep, EU buyers do major portion of their buying for the next year and USA buyers do their top-up buying for rest of the current year. This year, there is a lot of uncertainty about both and this will make it difficult for all stakeholders to take decisions on pricing & extent of position taking.. The historically high prices and higher level of uncertainty are a challenge (and for some, an opportunity)
General feeling is that prices will remain around current levels or little higher in the coming weeks – it will be interesting to see what impact this has on the volume of business that people are able (willing) to do for 2009 shipments
What is your opinion about market situation & trend ? Would appreciate your views & forecast on consumption / demand trends and any other info & news
Regards
Pankaj N. Sampat
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