Commodities, Featured

Cashew Commodity News Update: Exports Of Roasted And Salted Kernels Increase

Despite the fact that exports of cashew kernels have decreased over the most recent five years, cashew commodity news update reveals that roasted and salted cashew exports have developed.

In 2017-18, our country exported 2872 MT (million tonnes) of roasted and salted cashew kernels, at a value of 1.82 billion Rupees, while in 2013-14, it exported 1941 MT at a value of 752 million Rupees.

Generally, exports of cashew kernels have descended from 114,791 MT in 2013-14 to 84,352 MT in 2017-18 due to expanding competition and the absence of mechanization in Indian industrial facilities.

In terms of volume, exports improved 8.3 percent from 2427 MT in 2016-17 to 2872 MT in 2017-18. But, the cashew commodity news update discloses that the value of exports recorded a 31.3 percent development, at 1.82 billion Rupees in 2017-18 when compared to 1.39 billion Rupees during the past financial year.

In 2017-2018, 8,325 MT of CNSL (Cashew Nut Shell Liquid)/ Cardanol, esteemed at 326.3 million Rupees, was exported when compared to 11,422 MT esteemed at 440 million Rupees, in 2016-2017. Korea Republic, Spain, China, USA, Taiwan, Japan, and Belgium were the chief markets for CNSL.

Exports from China, Taiwan, Japan, Belgium, UK, and Slovenia increased in 2017-18. But, the exports to Korea recorded a 48 percent drop. Exports of CNSL and Cardanol to Korea has witnessed a high of 8095 MT at 311.2 million Rupees in 2016-17, which has dropped down to 4185 MT at 157.9 million Rupees in 2017-18, says the annual report of CEPCI (Cashew Export Promotion Council of India), according to Business Standard.

Cashew kernels are to a great extent utilized in the European market as a roasted and salted snack. Cashew kernel has likewise ended up being intriguing to industrial users and is utilized for cookies, cereals, and ice cream topping.

European cashew kernel imports are expanding, according to the cashew commodity news update on Mordor Intelligence. Expanding demand for healthy snacks, increasing demand from European nations and the rising number of main processing units in Africa are the primary factors driving the global market growth for cashew kernels.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Bindhu Mol. G loves writing news articles. She excels in SEO articles, technical articles and academic articles. She covers commodities and mutual fund news for OWLT Market.

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