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 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.

World Cashew Kernel Production • Kernel Production Continues to Increase 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - 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

Kernel Production vs Price 900,000 $6.00 800,000 $5.00 700,000 600,000 $4.00 500,000 $3.00 400,000 300,000 $2.00 200,000 $1.00 100,000 - $- 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

Tree Nut Price Comparison (FOB USD/lb) $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $- PINE NUT MACADAMIA PECAN PISTACHIOS IN CASHEW HAZELNUT ALMOND BRAZIL WALNUT PEANUT KERNELS (A KERNELS (Style KERNELS SHELL (Ex #1 KERNELS KERNELS KERNELS (NP KERNELS KERNELS (LHP KERNELS Grade Kernel) 1) (Mammoth R+S 21/25) (W320) (Natural 11/13) 23/25) (Medium Kernel) 20%) (Runner 38/42 Halves) HIOL)

RCN Production by Origin Forecast 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - 2017/18 2018/19* Source: INC

Tanzania

Tree nut Production (kernel basis MT) 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - Almonds Walnuts Cashews Pistachios Hazelnuts Pecans Macadamias Pine Nuts Brazil Nuts (kernel) (kernel) (kernel) (NIS) (kernel) (kernel) (kernel) (kernel) (kernel) 2016 2017 2018 Source: INC

Top Cashew Importers 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - USA Netherlands Germany UK Australia Canada France Belgium Italy Japan USA Netherlands Germany UK Australia Canada France Belgium Italy Japan Source: INC

Top cashew Consumers 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - India USA Germany Netherlands UK Australia Canada France Japan Saudi Arabia India USA Germany Netherlands UK Australia Canada France Japan Saudi Arabia Source: INC

Import Volume vs Price 20,000,000 $14.00 18,000,000 $12.00 16,000,000 $10.00 14,000,000 12,000,000 $8.00 10,000,000 $6.00 8,000,000 6,000,000 $4.00 4,000,000 $2.00 2,000,000 - $- 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 • Will easing prices lead to a bounce in import volume in 2019?

Australian Imports Global Exports by Origin Australian Imports Vietnam India Vietnam Netherlands Indonesia Brazil India Germany Brazil Indonesia Other Cote Ivoire Others Source: INC

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

Questions