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Cashew exports attributes processing cost to increased wage cost, lower output of kernel

New Delhi: Vietnam is a major supplier of cashew kernel and is a competitor to India. The 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, a 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)

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