{"id":830,"date":"2019-10-09T12:32:40","date_gmt":"2019-10-09T07:02:40","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=830"},"modified":"2019-10-09T12:33:43","modified_gmt":"2019-10-09T07:03:43","slug":"cashew-exports-from-india-fall-by-almost-7","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/cashew-exports-from-india-fall-by-almost-7\/","title":{"rendered":"Cashew Exports from India Fall by almost 7%"},"content":{"rendered":"\n<p class=\"has-text-color has-very-dark-gray-color\">According to Cashew Export Promotion Council of India (<a href=\"http:\/\/www.cashewindia.org\/\">CEPCI)<\/a>, cashew exports from India fell almost by 7%. <\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">Due to several constraints exports declined to 66,693 tonnes in 2018-19. The export of cashew kernels came down to 55272 million tonnes in 2018-2019 from 73,180 million tonnes in 2017-18. Raw cashew nut exports valued at 143.98 crores in 2018-19. Raw and salted cashew kernel exports valued at 160.35 crores in 2017-18 as against 95.05 crores in 2018-19. Cashew exports from India worth $644 million in 2018-19 compared to $944 million in previous year. <\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">However, the cashew industry seeks to increase its export to 1.20 million tonnes in 2020. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\"> <strong>India&#8217;s Cashew Industry<\/strong> <\/h5>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">India is the largest producer of raw cashew, cashew kernel and has largest consumer market. The tropical evergreen climate of almost 17 states supports the growth of cashews. In addition, the industry strives to generate employment for 200 million man-days in the country. India is a major exporter of cashews and CEPCI is responsible for the affairs of export of cashews.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/cashew-51978_1280-1024x768.jpg\" alt=\"\" class=\"wp-image-832\" width=\"453\" height=\"340\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/cashew-51978_1280-1024x768.jpg 1024w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/cashew-51978_1280-300x225.jpg 300w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/cashew-51978_1280-768x576.jpg 768w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/cashew-51978_1280.jpg 1280w\" sizes=\"(max-width: 453px) 100vw, 453px\" \/><figcaption>Cashew Plant Image by Pixabay<\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"> <\/h5>\n\n\n\n<h5 class=\"wp-block-heading\"> <strong>Cheaper Cashew Imports<\/strong> <\/h5>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">The reason for decline in cashew exports from India is increased competition from foreign cashew producers. The cost of production in India is high at 900 per kg approximately. Above all, the imports have risen to such an extent that it cut outs all the export of cashews. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/logo.jpg\" alt=\"\" class=\"wp-image-831\" width=\"566\" height=\"118\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/logo.jpg 456w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2019\/10\/logo-300x63.jpg 300w\" sizes=\"(max-width: 566px) 100vw, 566px\" \/><figcaption>CEPCI &#8211; &#8220;The Cashew Export Promotion Council of India&#8221;<\/figcaption><\/figure>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\"><\/p>\n\n\n\n<p>The secretary of <a href=\"http:\/\/www.cashewindia.org\/\">CPECI <\/a>stated that the imports are constantly bringing down the prices of domestic output of cashews. Further, Government changed the custom duty norms to levy duty on the imported plain cashews which were being sold in the name of salted ones. The action taken resulted in decrease of cashew production cost to 625 per kg.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"> <strong>Shutting Down of Cashew Processing Plants<\/strong> <\/h5>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">The reduction in export of cashews and increase in imports has resulted in decreased profitability and decline in employment for large number of people in the industry. There are reports of cashew plants shutting down throughout India due to low demand in foreign markets for Indian cashews. In addition, foreign exchange volatility played a major role in reduction in exports. Unable to sustain expenses and depleted margins, cashew processing plants are shutting down throughout India.<\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\">In conclusion, despite government\u2019s efforts to bring down the imports, no significant change is observed. However, government intervention in imports of cashews is likely to boost the production. Cashew exports from India likely to pick up in the coming months.   <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fall in cashew exports from India due to increased foreign competition, production costs and low import duty on cashews. <\/p>\n","protected":false},"author":13,"featured_media":834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2001,2002,2006,2011,2004,2003,2009,2008,2005,2007,2010],"class_list":["post-830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cashew","tag-cashew-exports","tag-cashew-kernel","tag-cashew-production-india","tag-cpeci","tag-fall-in-export","tag-import-duty-cashew","tag-import-of-cashew","tag-raw-cashew","tag-salted-cashew","tag-shutting-down-of-cashew-plants"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cashew Exports from India Fall by almost 7% - 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