Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Budget gives jolt to cashew industry.


Date: 19-04-2016
Subject: Budget gives jolt to cashew industry
MANGALORE: Cashew industry, one of the traditional industries operating in the coast from decades, has not only improved the living standards of the rural population but also has elevated their socio-economic status.

There are over 600 factories in Karnataka of which more than 450 are in the twin districts of Dakshina Kannada and Udupi. Women are main workforce of these factories which has supplemented earnings in their families.

Cashew nut picking season is from January to end of May. Cashew kernels are in high demand all over world and most factories export these kernels, especially to USA, Gulf countries, Europe and Japan.

Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Goa, Maharashtra, Orissa and West Bengal are the prominent states which grow cashew in India. Since the total yield in India is not enough to cater the industry need, factories import cashew nuts from African countries and also from a few Asian countries. Cashews regularly imported from Ivory Coast, Benin, Nigeria, Togo, Senegal, Gambia, Guinnea, Ghana, Tanzania and Indonesia.

Walter D'Souza, former chairman of Cashew Export Promotion Council of India says : More than 12 lakh are directly or indirectly involved in cashew factories. Women account to 90% of workforce. The price of raw cashew varies according to season. This year, the price band of a kilogram of raw cashew is in the range of Rs.90- Rs 115. Our country produces seven lakh tons of raw cashew and 17 lakh tons are imported. With the imposition of 9.3% import duty by the Finance Ministry in this year's budget the factories will face severe problem.

Thukaram Prabhu, secretary, Karnataka Cashew Manufacturers Association and managing director of MMP Cashew Industries at Mooduperar near Mangaluru says: raw cashews are dried in hot sun for a few days to remove moisture content. Then it is boiled. Later using machines, shelling is done to separate kernels. There are different types of plates in machine which separate the kernels according to their size. These kernels are dried in hot chamber. Women engage in separating, grading, packing the kernels.

Source : timesofindia.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: 27-03-2026
Notification No. 05/2026-Central Excise
Corrigendum to Notification No. 06/2026-Central Excise dated 26.03.2026

Date: 27-03-2026
Corrigendum
Corrigendum to Notification No. 11/2026-Central Excise dated 26.03.2026

Date: 26-03-2026
Notification No. 11/2026-Central Excise
Seeks to prescribe rates of Road and Infrastructure Cess for petrol and diesel, when cleared for exports

Date: 26-03-2026
Notification No. 12/2026-Central Excise
Seeks to amend notification No.4/2019-Central Excise to exclude the provisions of the notification on petrol and diesel when cleared for exports.

Date: 26-03-2026
Notification No. 13/2026- Central Excise
Seeks to rescinderst while notification

Date: 26-03-2026
Notification No. 06/2026-Central Excise
Seeks to levy Special Additional Excise Duty on export of petrol and diesel.

Date: 26-03-2026
Notification No. 07/2026-Central Excise
Seeks to amend the Eighth Schedule to Finance Act, 2002 to insert Aviation Turbine Fuel in the Schedule and prescribe Special Additional Excise Duty on it

Date: 26-03-2026
Notification No. 8/2026-Central Excise
Seeks to prescribe an effective rate of Special Additional Excise Duty on Aviation Turbine Fuel when cleared for exports

Date: 26-03-2026
Notification No. 9/2026-Central Excise
Seeks to exempt Aviation Turbine Fuel from whole of Special Additional Excise Duty except when cleared for exports

Date: 26-03-2026
Notification No. 10/2026-Central Excise
Seeks to exempt applicable basic excise duty and Agriculture Infrastructure and Development Cess on petrol and diesel and basic excise duty on Aviation Turbine Fuel, when cleared for exports



Exim Guru Copyright © 1999-2026 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001