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Vietnam is a major supplier of cashew kernel and is a competitor to India. Industry has reported that processing cost in India can be attributed to a variety of factors like increased wage cost, lower output of cashew kernel, domestic and international demand-supply situation which increase the processing cost.
Details of Export of Cashew Kernel from India between CY 2013 to CY 2017 is given below:
| Year | India’s export of Cashew Kernel (HS code 080132) | CAGR % Growth | India’s export of Cashew Kernel (HS code 080132) | CAGR % Growth |
| 2013 | 917.48 | Base year | 1596.34 | Base year |
| 2014 | 861.02 | -6.15 | 1930.39 | 20.93 |
| 2015 | 804.49 | -6.57 | 2315.66 | 19.96 |
| 2016 | 730.99 | -9.14 | 2732.52 | 18.00 |
| 2017 | 943.41 | 29.06 | 3320.07 | 21.50 |
| CAGR Rate | – | 0.70 | – | 20.09 |
(Source: ITC Trade Map)
This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha yesterday.
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Categories: National
