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A.J.Vinayak

Will cover 90% of global trade and producing capacity

Mangalore May 3 The global cashew trade has got a boost with India, Vietnam and Brazil - the three cashew majors, constituting around 90 per cent of the trade - coming together to form an alliance.

The MoU for the global cashew alliance was signed by the three nations at the 101st international convention of the Association of Food Industries (AFI) at Florida, US on April 28.

Mr Walter D'Souza, Chairman of the Cashew Export Promotion Council of India (CEPCI), told Business Line on Thursday that the MoU has brought over 90 per cent of the world cashew processing capacity under a single umbrella.

Stating that the global cashew body will be registered by the end of June, he said that a three-member committee has been formed for the purpose.

The alliance's objective is to give a boost to the growth of the cashew economy in the world through accelerated and orderly approach to the development of consumption of cashew.

The alliance partners will also work towards promotion of cashew in new and expanding areas of indirect consumption, such as chocolate, confectionery and bakery products and food ingredients.

They will also enlist the support of the International Nut and Dried Fruits Council (INC).

Specialising in the promotion of tree nuts and dried fruits, INC is the right organisation for the enhancement of cashew trade worldwide, he said.

He added that the MoU envisages roping in all stakeholders, such as producers, traders, international brokers, roasters, super market chains, service providers and logistics and shipping companies.

A nine-member committee with three nominees from each country will start working on the future course of action.

The leaders of the three nations will meet at Madrid from May 10-12 to decide on the roadmap, with fixed deadlines, and arrive at Budgetary allocations.

MEET IN MADRID

It has been resolved to generate the percentage of contributions on the basis of exports of cashews by three nations pro rata, he said.

Mr D'Souza also said that such an alliance is first of its kind in the century-old global cashew trade.

While Mr D'Souza represented India, Mr Antonio Jose Carvalho, President of SINDICAJU (Brazilian Cashew Association) and Mr Nguyen Duc Thanh, President of VINACAS (Vietnam Cashew Association), represented their countries.

Mr Bob Bauer, President of AFI, the US organisation that sets and regulates standards for all food and snacks imported into the US, and Mr John Petersen, Director (Nut Procurement) of Kraft Foods, the single largest importer of cashews from all producing origins in the world, were present on the occasion.

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