Processing costs contribute to 18% drop in Indian cashew exports
Total revenue realisation showed an increase, albeit marginal, due to a 22 per cent rise in the unit value. Average unit value realised in 2016-17 went up to US $9.69 a kg from US $7.95 in 2015-16, said S Kannan, Executive Director and Secretary, Cashew Export Promotion Council of India (CEPCI).
CEPCI Chairman Sundaram Prabha attributed the fall in exports mainly to non-receipt of parity price for kernel.
“A sharp rise in raw cashew nut (RCN) price, which has gone up to around $2,250-$2,300 a tonne, coupled with high processing costs here, has made the Indian product non-competitive in the world market,” Chairman Sundaram Prabha told BusinessLine.
source: thehindubusinessline.com
