Cashew Market Report & Forecast

The project continues to make significant progress in providing stakeholders with reliable cashew market information. Timely updates on market trends, pricing, and supply chain dynamics have enabled informed decision-making. Our detailed monthly market report offers key insights and actionable recommendations, adding value to the cashew sector.

Current Cashew Price

• Export Prices: The average price per kilogram of raw cashew nuts in Guinea-Bissau currently ranges from 900 CFA Francs (US$1.50) to 1,200 CFA Francs (US$2.00). However, prices have fluctuated, occasionally dropping to 600 CFA Francs (US$1.00).
• Farmgate Prices: Farmers receive between 250 CFA Francs and 350 CFA Francs per kilogram, covering essential costs such as planting, pruning, harvesting, drying, and bagging.

As we move into February, several factors are expected to influence cashew prices:

• Harvest Season Impact: With harvesting activities increasing, a higher supply of raw cashew nuts may put slight downward pressure on prices. However, strong global demand could balance this effect.
• International Market Trends: Demand from major cashew-processing countries such as India and Vietnam is projected to remain strong, helping stabilize export prices.
• Exchange Rate Fluctuations: The CFA Franc’s performance against the US dollar may impact international pricing and export competitiveness.
• Local Market Conditions: If farmers and traders hold onto their stock in anticipation of better prices later in the season, this could lead to temporary supply constraints, potentially supporting farmgate price stability.

Regional Price Comparisons

• In Senegal, raw cashew nut prices are comparable to Guinea-Bissau, ranging between 250 and 350 CFA Francs per kilogram. The retail price for processed cashew nuts in January was between US$7.59 and US$10.62 per kilogram (US$3.44 to US$4.82 per pound). Prices may fluctuate based on demand and supply conditions.
• In The Gambia, cashew prices are influenced by global market trends, nut quality, and consumer demand.

Overall, cashew prices in February are expected to remain within the 900–1,200 CFA Francs per kilogram range, with minor fluctuations depending on supply chain movements and global demand.

Staying informed about these market conditions will be crucial for all stakeholders in the cashew value chain. We will continue to provide weekly updates and detailed insights to help navigate these changes effectively.

Source: LIFFT Cashew Field Staff (Trade Pronotion & CMA Team)

SeGaBi Cashew Farms Georeferenced

In Senegal, 2,238 farms have been mapped, 3,687 in Guinea-Bissau, and 1,800 in Gambia. The purpose of this project is to map the plantations of farmers who have been trained in organic certification. This information will speed up the organic certification process, leading to greater financial gains for processors, cooperatives and international export partners. It also provides an overview of the cashew fields of producers in partnership with SFL in the SeGaBi zone.