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: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.

Date: 30-04-2025
Notification No. 28/2025-Customs
Seeks to amend Notification no. 27/2011-customs dated 1 st March, 2011 and Notification No. 22/2024-Customs, dated 2 nd April, 2024 to align them with the changes made in the Second Schedule to the Customs Tariff Act.

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 33/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 28-04-2025
Notification No. 24/2025-Customs
Seeks to amend List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017

Date: 24-04-2025
Notification No.31/2025-Customs (N.T.)
Goods Imported (Conditions of Transshipment) Regulations, 2025

Date: 23-04-2025
Notification No. 28/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 17-04-2025
Notification No. 26/2025 – Customs (N.T.)
Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of rate of duty drawback of Gold jewellery and silver jewellery/articles

Date: 15-04-2025
Notification No. 24/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.



Exim Guru Copyright © 1999-2025 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