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

Kochi, July six

The Covid-19 pandemic has taken a toll on India’s cashew exports with a forty one for each cent drop in amount and 38 for each cent in benefit in the initially quarter of the latest fiscal, when compared to the corresponding interval of the preceding 12 months.

Exporters attribute the dismal effectiveness to the lockdown that hindered the functions of numerous cashew factories, hitting abroad shipments and domestic income.

Even so, the growing retail income primarily in the US and the EU marketplaces on increased snacking in May and June have brought some cheer to the sector, witnessing slight enhancements in export figures.

“There are some positive developments in the export market place with increased shipments to the US, Japan, Australia, and Iran in May and June, when compared to April in the latest fiscal 12 months. There are firm orders from other marketplaces as nicely,” explained

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