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Agenda
- Cashew Pricing
- Raw Cashew Nut (RCN) Production
- Crop estimates
- Australian Market
- New Research by INC
Cashew Industry Update Ashley James Scalzo Foods Agenda Cashew - - PowerPoint PPT Presentation
Cashew Industry Update Ashley James Scalzo Foods Agenda Cashew - - PowerPoint PPT Presentation
Cashew Industry Update Ashley James Scalzo Foods Agenda Cashew Pricing Raw Cashew Nut (RCN) Production Crop estimates Australian Market New Research by INC Cashew Market Update 2018 was an extremely volatile and
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SLIDE 3
Cashew Market Update
- 2018 was an extremely volatile and problematic year
- Cashews prices at origin sit near multi year lows after significant decreases in 2018.
FOB prices have decreased 30% in the last 18 months.
SLIDE 4
World Cashew Kernel Production
- Kernel Production Continues to Increase
- 100,000
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19* Volume MT
Source: INC
SLIDE 5
Kernel Production vs Price
$- $1.00 $2.00 $3.00 $4.00 $5.00 $6.00
- 100,000
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19* Volume MT FOB USD/lb
Source: INC
SLIDE 6
Tree Nut Price Comparison (FOB USD/lb)
$- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00
PINE NUT KERNELS (A Grade Kernel) MACADAMIA KERNELS (Style 1) PECAN KERNELS (Mammoth Halves) PISTACHIOS IN SHELL (Ex #1 R+S 21/25) CASHEW KERNELS (W320) HAZELNUT KERNELS (Natural 11/13) ALMOND KERNELS (NP 23/25) BRAZIL KERNELS (Medium Kernel) WALNUT KERNELS (LHP 20%) PEANUT KERNELS (Runner 38/42 HIOL)
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RCN Production by Origin Forecast
- 100,000
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 2017/18 2018/19*
Source: INC
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Tanzania
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Tree nut Production (kernel basis MT)
- 200,000
400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000
Almonds (kernel) Walnuts (kernel) Cashews (kernel) Pistachios (NIS) Hazelnuts (kernel) Pecans (kernel) Macadamias (kernel) Pine Nuts (kernel) Brazil Nuts (kernel)
2016 2017 2018
Source: INC
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Top Cashew Importers
- 20,000
40,000 60,000 80,000 100,000 120,000 140,000 160,000 USA Netherlands Germany UK Australia Canada France Belgium Italy Japan USA Netherlands Germany UK Australia Canada France Belgium Italy Japan
Source: INC
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Top cashew Consumers
- 50,000
100,000 150,000 200,000 250,000 300,000 350,000 India USA Germany Netherlands UK Australia Canada France Japan Saudi Arabia India USA Germany Netherlands UK Australia Canada France Japan Saudi Arabia Source: INC
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Import Volume vs Price
- Will easing prices lead to a bounce in import volume in 2019?
$- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00
- 2,000,000
4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 Volume MT AUD/kg
Source: INC
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Australian Imports
Vietnam India Netherlands Brazil Germany Indonesia Cote Ivoire Others
Global Exports by Origin Australian Imports
Vietnam Indonesia India Brazil Other Source: INC
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What's new in Cashews?
- Cashews May Have 16% Less Calories Than Previously Thought
- Another study by the The American Journal of Clinical Nutritionlinked cashews with the
reduction of bad cholesterol.
- https://youtu.be/CmEGmg769rg
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