Covid-19 fallout: Cashew exports in both quantity and value, take a hit in Q1

The Covid-19 pandemic has taken a toll on India’s cashew exports with a 41 for each cent decrease in quantity and 38 for each cent in value in the initially quarter of the recent fiscal, in contrast to the corresponding interval of the prior yr.

Exporters attribute the dismal effectiveness to the lockdown that hindered the functions of quite a few cashew factories, hitting overseas shipments and domestic profits.

Having said that, the soaring retail profits in particular in the US and the EU markets on improved snacking in May possibly and June have brought some cheer to the sector, witnessing slight advancements in export figures.

“There are some favourable developments in the export marketplace with improved shipments to the US, Japan, Australia, and Iran in May possibly and June, in contrast to April in the recent fiscal yr. There are company orders from other markets as perfectly,” reported K

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