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The information confirmed that the exports dipped by 34 per cent in April, about 30 per cent in Could, about 6 per cent in June, 26.62 per cent in July and 31.5 per cent in August.
Karnataka Cashews Producers Affiliation Vice President Tukaram Prabhu mentioned that withdrawal of export incentives underneath ‘Vishesh Krishi and Gram Udyog Yojana’ too is impacting the outbound shipments.
“At current, we now have no incentives to push shipments, although there may be good demand in international markets. Our high quality is a lot better than Vietnamese cashew. Additionally it is a labour-intensive sector,” Prabhu mentioned.
He urged the federal government to contemplate extending export incentives to spice up exports. In line with him, India’s edible cashew kernel manufacturing stood at 3,50,000-3,70,000 tonnes per yr.
In line with a cashew exporter from Kerala, home costs are 15 per cent larger than the export worth, so merchants are preferring to promote right here.
“Demand in export locations just isn’t a lot of a problem for declining exports. The primary motive is excessive price of processing in India. It’s 4 occasions greater than that of Vietnam which is a serious cashew exporter,” he mentioned, including, Vietnamese exporters are utilizing machines, however right here nonetheless “we’re doing most of issues manually”.
Roughly, the price of processing in India is about Rs 3,600 per bag of 80 kilogram, as in comparison with about Rs 800 per bag in Vietnam, the exporter mentioned. Home costs stand at about Rs 630 per kilogram within the wholesale market, whereas exports worth is about Rs 560 per kilogram.
In line with the information of Agricultural and Processed Meals Merchandise Export Improvement Authority (APEDA), exports had been down 25.16 per cent to USD 113 million throughout April-August this fiscal.
In addition to Vietnam, Indian exporters are additionally going through robust competitors from African international locations, together with Guyana, Mozambique, Tanzania and Ivory Coast.
The African nations have fashioned ‘African Cashew Alliance‘ to spice up the trade in that continent.
The Indian cashew trade exports totally different grades and merchandise like cashew kernels (wholes and damaged), cashew nut shell liquid (CNSL), cardanol (purified CNSL) and flavoured kernels.
The nation exports to about 80 international locations, together with the US, UAE, the Netherlands, Saudi Arabia, Germany, Japan, Belgium, Korea, Spain, France, the UK, Kuwait, Singapore, Qatar, Greece, Italy, Iran and Canada.
Kerala, Tamil Nadu and Karnataka are main cashew exporting states within the nation.
