Friday, July 6, 2012

CASHEW - Supply & Demand


While India, Brazil and Viet Nam together contribute around 70 % of the total cashew produced in the world, North America alone accounts for 50 % of the world cashew consumption. Another 29 % of the world cashew consumption goes to the European Union and 21 % of world consumption is by Asian countries, mainly India and China.

The cashew trade
The cashew supply chain has a number of players including the raw cashew nut producers and traders, cashew processors, cashew kernel traders and retailers or traders supplying to the end users. 


Exports 
On the export front again, India is the forerunner followed by Viet Nam and Brazil. India exports around 100 to 125 thousand tons of cashew kernels per annum. The United States, Netherlands, UAE, UK and Japan are the major buyers of cashew kernels from India.

Imports
The major importers of cashew kernels in the world are the United States of America, European Union, China, United Arab Emirates, Japan and Saudi Arabia.

Indian cashew trade
Cashew trade in India is mostly concentrated in places like:
- Kollam
- Mangalore
- Jeypore (Orissa)
- Vetapalam (Andhra Pradesh)
- Mumbai
- Phalasa
- Quilon

In India, futures trading in cashew was started in two of the national commodity exchanges namely, MCX and NCDEX in the years 2003 and 2005 respectively. Still however, active trading is not going on in both these exchanges. 

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