Cashew exports up 9% in April-Jan on strong demand

Posted by Daily Shipping Times on 05-04-2018        Tweet

KOCHI: The cashew exports during April 2017-January 2018 have shown an increase of 9 per cent over that of the corresponding period the previous fiscal.

Total shipments in April-January stood at 73,810 tonnes valued at Rs. 5,131.73 crore as against 67,742 tonnes worth Rs. 4,179.72 crore in the same period in 2016-17. The average unit value also rose to Rs. 695.26 a kg from Rs. 617.01.

At the same time, the high prices of the Raw Cashew Nut (RCN) in the producing countries have reduced imports of the raw material during the period under report by 11 per cent, S Kannan, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI), said recently.

Total RCN imports during April-January 2018 were at 5,86,663 tonnes valued at Rs. 7,931.29 crore at the unit value of Rs. 135.19 a kg as against 6,58,461 tonnes valued at Rs. 7,338.69 crore at the unit value of Rs. 111.45, he said.