Cashew kernels export posts 3.85 per cent increase

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Kochi, Oct 30 (UNI) The export of cashew kernels recorded an increase of 3.85 per cent at 1,18,540 MT for the fiscal 2006-07 as against 1,14,143 MT during the last fiscal.

Speaking on the occasion here today Cashew Export Promotion Council Chairman Walter D' Souza said the value of exports recorded a decrease of 2.37 per cent at Rs 2,455.15 crore as the average unit export price realised during 2006-07 was Rs 207.12 per kg compared to Rs 220.33 per kg last year.

The foreign exchange earned by the country through export of cashew kernels, cashew nut shell liquid and allied products during 2006-07 was 545 Million dollar, equivalent to Rs 2,465.44 crore.

Among the agricultural commodities exported from India, cashew was placed in third position contributing 0.44 per cent of the total export earnings in the country during the period.

Export of cashewnut shell liquid during 2006-07 was 6,139 MT valued at Rs 10.29 crore against 6,463 MT valued at Rs 7.21 crore during the previous year. There was a decrease of 5.01 per cent in terms of quantity and 42.72 per cent increase in terms of value.

"During the period, the US continued to be our major buyer of cashew kernels importing 46,245 MT valued at Rs 969.51 crore, accounting for 39.01 of our total exports in quantity terms and 39.49 in value terms", Mr Souza said.

Import of raw cashew nuts during 2006-07 was 5,86,044 MT valued at Rs 1,811.62 crore against 5,65,400 MT valued at Rs 2,162.95 crore compared to last year. This was 3.65 per cent more in quantity and 16.24 per cent less in value compared to the previous year.

The Chairman said falling export realisations due to unprecedented appreciation in the value of the Indian Rupee was adversely affecting the industry.

"The government's move to increase the DEPB rate for cashew kernels from one per cent to three per cent had helped the industry immensely", he said.

The production of raw cashewnuts in India during the period was 6,20,000 MT as against 5,73,000 MT last fiscal.

The Council had submitted certain schemes modernisation, diversification and implementation of internationally accepted quality certification for providing assistance to member exporters under the 11th Five Year Plan, Mr Souza said.

UNI

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