Cashew exports dip to two-decade low

KOCHI: The Indian cashew industry is facing the double whammy of plunging exports and weak local prices that have hit profitability of the processing units in the country. Exports fell to a two-decade low in 2018-19, down 20 per cent year-on-year to 66,693 tonnes and, in terms of value, down 24 per cent year-on-year to 4,434 crore, according to the data of the Cashew Export Promotion Council of India (CEPCI), writes Krishnakumar PK.

From over 1,00,000 tonnes, the export quantity has fallen steadily in the past few years as Vietnam and other countries held a price advantage over India through lower processing cost.