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Revival in Cashew Export

Date : December 17, 2009
Number of Views : 6770

After a dismal export performance since April' 2009 - Cashew export is expected to pick-up with the onset of winter. According to Cashew Export Promotion Council, total exports during the first eight months of the current fiscal stood at 71,918 tonnes valued at Rs 1,926.88 crore against 75,806 tonnes valued at Rs 2,091.14 crore in the same period a year ago.

The drop in exports during April– November 2009 declined to 5.1 per cent from 7.6 per cent in April–October from that the same period in 2008. The average unit value during the April – November 2009 was at Rs 267.93 a kg against Rs 275.85 a kg.

Shipments in November 2009 were 9,549 tonnes valued at Rs 253.76 crore at unit value of Rs 265.75 a kg against 8,308 tonnes valued at Rs 246.97 crore at a unit value of Rs 297.27 a kg.

Industry sources said that recovery in the US economy has paved the way for increased consumption and that had reflected on the exports, of late. Besides, the unit value has also declined from the levels in October-November 2008, they said.

Total imports of raw cashew nuts shot up during the current fiscal (April – October 2009) to 5,92,572 tonnes valued at Rs 2,246.48 crore from 4,91,148 tonnes valued at Rs 2,090.06 crore in the same period last fiscal.

News Category: Dry Fruits and Nuts

News Type : Market News


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