Wait...
  1. Home >
  2. Export Import News >
  3. Export News >
  4. Cashew may firm up as exports, local demand expected to rise >
  5. Cashew may firm up as exports, local demand expected to rise

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Cashew may firm up as exports, local demand expected to rise.


Date: 18-02-2019
Subject: Cashew may firm up as exports, local demand expected to rise
New Delhi | Kochi: Prices of casheware expected to firm up from the current lows, considering lower domestic crop this year and a likely increase in exports and domestic consumption, traders and exporters said. 

“In 2019-20 we target to increase cashew exports to 85,000-90,000 tonnes from the current year export of 60,000 tonne,” said RK Bhoodes, chairman at the Cashew Export Promotion Council of India. “This will ensure that farmers get good prices which are currently rock bottom.” 

From a peak of Rs 150-160 per kg last year, farmers are now getting Rs 125-130 per kg, said traders. While the prices are likely to remain weak in the short term as new crop is being harvested across Maharashtra, Kerala, Karnataka and Andhra, traders say they will increase in the coming months. 

“This year the industry is planning to promote the Indian cashew brand globally, which will give fillip to the trade,” said Dinesh Pai, a broker of cashew from Mangalore. “In the short term when the crop harvesting is going on prices may be subdued, but will then pick up on the back of good exports.” Pai attributed the current low prices to a drop in exports due to increased competition in the global market from Vietnam, Brazil and Africa. 


Besides a spike in exports, the cashew industry also expects increased demand from the domestic market which has been growing 8.3 per cent a year, almost at double the pace of exports demand, growing 4.2 per cent. “The current export price is about Rs 600 to Rs 630 per kg as the market is dull and quiet. The domestic price is in the range of Rs 700 to Rs 800 per kg,” said Pankaj N Sampat, director at Samson Traders. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-12-2019
Notification No. 68/2019 – Central Tax
Seeks to carry out changes in the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 69/2019 – Central Tax
Seeks to notify the common portal for the purpose of e-invoice.

Date: 13-12-2019
Notification No. 70/2019 – Central Tax
Seeks to notify the class of registered person required to issue e-invoice.

Date: 13-12-2019
Notification No. 71/2019 – Central Tax
Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 72/2019 – Central Tax
Seeks to notify the class of registered person required to issue invoice having QR Code.

Date: 13-12-2019
Notification No. 90/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 12-12-2019
TRADE NOTICE No. 41/2019-20
Online filling and Issuance of Preferential Certificate of Origin under SAFTA and SAPTA for India's Exports to Nepal w.e.f. 18th December 2019

Date: 12-12-2019
Notification No. 35/2015-2020
Amendment in Para 2.25 of Foreign Trade Policy, 2015-20.

Date: 12-12-2019
Notification No. 63/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 64/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001