Raw Cashew Imports Fall on High Prices

"Raw Cashew Nut (RCN) imports declined during the first quarter of the current fiscal due to rise in prices in the West African growing countries.

Increased offtake by Vietnam, which has overtaken India in cashew processing and exports, of late, following setting up of more highly mechanised units, coupled with emergence of new processing units in the producing countries such as Tanzania, Ivory Coast, is creating a squeeze in availability of the raw nuts, Chandran Prabha, Vice-Chairman, Cashew Export Promotion Council of India (CEPCI), told BusinessLine."

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