Online Export Import Data Search

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

Indian cashew exports succumb to financial crisis; fall to lowest in at least six years.

Date: 25-09-2019
Subject: Indian cashew exports succumb to financial crisis; fall to lowest in at least six years
The deep financial crisis and rising debt have hit one of India’s principal exports — cashew. Cashew exports from India touched the lowest in at least six years, at $644 million in the last financial year 2018-19, according to the RBI. India exported cashews worth $922 million in the preceding year. “Increasing losses due to high processing cost of cashew industry has forced almost 80 per cent of the cashew processing units to shut down in Kollam, a cashew production hub in Kerala,” S Kannan, Executive Director & Secretary, The Cashew Export Promotion Council of India (CEPCI) told Financial Express Online. Easy access to finished or semi-finished imported cashew kernels have also made it tougher for the Indian cashew industry to match with the low production cost of its foreign counterparts, he added.

To address this concern, the government, earlier this year, announced to hike the minimum import price for whole and broken cashew. The steps brought little joy to the cashew processing sector as low-quality cashew kernel shipments from Africa and ASEAN countries had hit the domestic industry in the recent past. The recent downturn in the cashew industry has affected not only the production and exports but also jobs of lakhs of people due to its large size.

The Indian cashew Industry is mostly export-oriented. There are around 4,000 processing units functioning in India at present under organised and unorganised sector with a processing capacity of 16.43 lakh mt per year, says the Directorate of Cashewnut and Cocoa Development. The production and productivity of cashew are highest in the state of Maharashtra, where the average productivity is 1262 Kg/ha. Andhra Pradesh and Odisha are the other two prominent states in the production of cashew in India.

India is a major exporter of cashew kernels and earns a sizeable amount of foreign exchange, however, India grows almost half of its cashew requirements for production and thus it depends heavily on import of raw nut from Asian and African Countries to bridge the gap of the industry.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 24-10-2020

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Exim Guru Copyright © 1999-2020 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.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001