Cashew exports rose to a record high last financial year in volume and value compared with the previous year. Total exports during 2013-14 increased by over 13 per cent to 1,13,620 tonnes from 1,00,105 tonnes. “Performance in all the segments of exports, including cashew nut shell liquid, roasted and salted cashew kernel showed an upsurge as market conditions were favourable,” said
K Sasi Varma, Executive Director and Secretary, Cashew Export Promotion Council of India.
Export of cashew nut shell liquid also rose during last fiscal to 9,226 tonnes valued at ₹37.26 crore from 9,192 tonnes valued at ₹29.84 crore during April-March 2012-13.
The processing-exporting industry has had to depend on imported raw nuts for decade as India cannot produce enough nuts domestically. However, an unfavourable exchange rate, coupled with high (non-parity) prices, has caused a drop in imports of raw nuts which is likely to affect exports later this year.
Imports of raw nuts decreased during 2013-14 to 7,58,111 tonnes valued at ₹4,457.72 crore from 8,92,365 tonnes valued at ₹5,331.74 crore.