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  • Wednesday, February, 2019| Today's Market | Current Time: 06:40:00
  • KajuIndia begins Cashew Processing And Exporting Countries Need To Join Hands To Cope And Prevent Competition To Ensure Sustainability

    Published on February 14, 2019

    New Delhi  : The Major global cashew exporting and processing countries including India, Vietnam and Brazil need to join hands and exchange information to cooperate and prevent competition to ensure sustainability of the cashew industry and meet future challenges.

    “Countries  like India, Vietnam and Brazil , which are among the largest producers, processors and exporters of  cashew need to cooperate and learn from each other to further grow .They need  consensus on pricing, quality control methods, commercial contract terms as well as collecting and publishing reliable and undeniable statistics of the industry” said  Dr Adama Coulibaly , Director General of Cotton and Cashew council of Core d’ivore popularly known as Ivory coast a country in South Africa and one of major grower of cashew crop while speaking at the inauguration ceremony of Three day International Buyer-Seller meet cum Exhibition , Kaju India2019, the Global Cashew Summit in New Delhi here today.

    “Cashew exporting and processing countries also need to control misinformation and spread of rumours on social media about cashew consumption. These countries also need to conduct aggressive campaigns to   promote large consumption of cashew products in respective countries and world over to find new markets. Our countries invites Indian cashew processors to set up processing units in our country ” Dr Coulibaly said.

    “Vietnam is the largest processor and exporter of cashew nuts in the world , it exported  352,205 tons of cashew , it has surpassed Indi and Brazil  to rank first in the world . But due to various difficulties expected in the year 2019 , it has decided not to buy and store cashew as prices world wide keep changing” said Mr Dang Hoang Glang, Vice President and General secretary of Vietnam Cashew Association (VINANCA’ speaking on the occasion.

    ‘“Vietnam Cashew industry is only 30 year old and has learnt a lot from India, both India and Vietnam needs to cooperate and exchange more information to meet future challenges and sustain. Both the industry associations The Cashew Export Promotion Council of India (CEPCI) and VINACA should set up a hotline as well as meet once a week to sort out various issues plaguing the industry and boost exports “Mr Glang said

    “USA is one of the largest importers of cashew as well as other food items, but the cashew exporters need to gear up for the coming food quality and safety regulations in USA, Canada and Europe. The importers of food products in USA will need more documentation, quality certification as the Food and Drug Administration (FDA) created the Food Safety Modernization Act to ensure that U.S. companies make products safe for consumption. The latest regulation goes a step further with the Foreign Supplier Verification Program (F.S.V.P.) to verify food imports meet the same safety standards as U.S. food production. “said Mr Bob Bauer, President, Association of Food Industries, USA, speaking on the occasion.

    “The Sixth edition of The “Kaju India 2019-The Global Cashew Summit is being organised  to bring together the entire spectrum of the Global Cashew Industry – cashew kernel buyers, sellers, processors and providers of ancillary & supporting services across the world. The Event will be inaugurated by Mr Suresh Prabhu, Hon Union Minister of Commerce and Industry  “ said Dr R.K.Bhoodes, Chairman, The Cashew Export Promotion Council of India (CEPCI) speaking on the occasion.

    “As India is the world’s largest producer, processor and consumer of cashew.Special promotion for country’s products under “Indian Cashew” brand is proposed to be launched during the “KAJU INDIA 2019”.  The theme of the global event has been rightly chosen as “Indian Cashews – The Superfood” due to its dietary fiber, nutrients and health benefits.” Said Dr Bhoodes.

    “The Cashew Industry is spread over 17 states  of India that  earns forex worth Rs. 6,000 Cr to nation’s economy annually. Apart , Cashew  industry provides gainful employment to more than 10 Lakhs workers the vast majority of  whom are women folks  from the socially and economically backward section of society. The economy of many villages in Rural and suburban area   is dependent on the cashew Industry.”

    “Kaju India 2019 is also the curtain raiser for the yearlong celebrations to commemorate the 100th year of Indian Cashew Export. It was in 1920 that India exported its first consignment and introduced cashew kernels as a commodity to the international market. Today, India is the largest producer, processor and consumer of cashew in the world. Indian Cashew is accepted all over the world for its high quality, taste and rich tradition. With growing competition worldwide Indian industry plans to focus on developing highly processed products and exporting products with high value-addition.” He said.

    “KAJU INDIA” is the largest cashew related event worldwide where large number of stake holder’s right from cashew farmers, traders, agents, processors, business customers will meet and interact. Brain storming business sessions, live machinery expo, motivational speeches, and presentation of Excellence awards will be the key features of this mega event. About 75 Overseas Delegates from all over the world and 800 Indian Cashew Traders and Exporters are expected to take part in the Kaju India 2019.” He said.

    This Mega Event is expected to be a premier gathering of world leaders of the Cashew Industry including Ministers and diplomats from cashew producing / consuming countries. It is so envisaged to strengthen the industry under the “MAKE IN INDIA” scheme and promote ‘INDIAN CASHEW’ brand globally.

    The Commodities under the purview of the Cashew Council are cashew kernels and its allied products. The Indian cashew industry exports different grades and products like  Cashew Kernels -wholes, broken, splits, butts, Large White Pieces , baby bits ,etc..  Apart from Cashew Kernels, we also export other by products like Cashew Nut Shell Liquid (CNSL), Cardanol (purified CNSL) and flavoured Kernels.