|
|
Agri-Biz & Commodities
-
Cashew
Industry & Economy
-
Exports & Imports
Cashew exports rise in value
|
Higher unit value makes up for drop in volume.
|
G.K. Nair
Kochi, April 29
Export of cashew kernels
during 2008-09 fiscal declined
in terms of quantity
and increased in terms of value
compared with 2007-08.
Total shipments in 2008-
09 were at 1,08,131 tonnes valued
at Rs 2,950 crore. In
terms of volume, it dropped
by 5.4 per cent, while in terms
of value, it went up by 28.9 per
cent, Cashew Export Promotion
Council of India (CEPCI)
sources told Business Line.
Exports of cashew nut shell
liquid stood at 6,986 tonnes
valued at Rs 16.79 crore, they
said.
The increase in export value
realisation last fiscal was
attributed mainly to the high
price that prevailed in the
early months of the previous
fiscal and also due to appreciation
of the Indian rupee
against the dollar in the later
months, they said.
The export value has come
down from Rs 267 a kg in February
to Rs 262 in March. The
unit value during the first
quarter of the last fiscal had
touched around Rs 400 a kg.
Though there was an increase
in the value, it was offset
by the high raw nut prices
in the last fiscal. The raw
cashew price in March was Rs
44.89 a kg as against the average
price of Rs 28.83 in 2007-
08.
This has made it very difficult
for the cashew
processor-exporters as they
have to operate with very thin
margins, the sources said.
Export during March was
8,783 tonnes compared with
11,201 tonnes in March 2008
showing a steep decline of
21.5 per cent. During the first
three months of the current
year (January-March 2009),
the export was 25,210 tonnes
(28,029 tonnes) recording a
drop of 10 per cent.
The downward trend could
be attributed to the current
economic recession, which,
in the developed countries,
the main markets for the
cashew kernels, appears to
have led to a shift in consumer
preference to other tree
nuts or a reduction/ stoppage
in consumption of cashew
kernels, industry sources
pointed out.
Imported raw nuts
Dependence on imported raw nuts continued to remain a perpetual phenomenon as there hasn't been any proper and consistent efforts to promote the cultivation of this crop in the country, official sources in the Union Ministry of Commerce said.
They said that the proposal to set up a cashew development board aimed at developing cashew cultivation in a scientific manner failed to take off because of the road blocks created by the Union Ministries of Agriculture and Finance.
Related Stories:
India claims to be top cashew exporter
More Stories on :
Cashew |
Exports & Imports
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
|
