Domestic cashew market is growing faster than exports

KOCHI: Increasing domestic cashew consumption is affecting India's exports of the nut that is a rich source of anti-aging agents. With local demand increasing 15% annually, consumption in India has overtaken that of the US and Europe, the principal buyers of Indian cashew.  "The annual Indian consumption is hovering around 2 lakh...

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Cashew kernel market shows some buoyancy on tight supplies

KOCHI, APRIL 8:   The global cashew market has shown some buoyancy last month and the trend is expected to remain in April, after remaining subdued in January and February. “Reasonable activity was witnessed in March and most of the business was for shipments up to May/June. However, some business was done for shipments in the second...

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State govt urged to formulate cashew policy

MLC Ivan D’Souza has urged the State government to formulate cashew policy to promote scientific cultivation of cashew and increase the production in the State.  Briefing reporters, on Saturday, he said without scientific cultivation, growers are not getting the expected yield. With reduction in supply of cashewnuts, manufacturers...

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For cashew exporters, foreign trade policy is a dampener

MANGALURU, APRIL 2:   Cashew exporters view the new Foreign Trade Policy as a major blow to the industry. They feel the reduction of incentives available to cashew exports under Chapter 3 of the Foreign Trade Policy from 5 per cent to 2 per cent as the main reason for this. Walter D’Souza, former president of the Cashew Export Promotion...

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Karnataka cashew industry unhappy over foreign trade policy

MANGALURU, APRIL 2:   The cashew industry has expressed displeasure over the Foreign Trade Policy 2015-20, which was announced by the Union Commerce Minister, Nirmala Sitharaman, in New Delhi on Wednesday. B Rahul Kamath, President of Karnataka Cashew Manufacturers’ Association (KCMA), said the Government has reduced incentives...

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Kerala’s shortcut to cashew imports upsets trade unions

KOCHI, MARCH 30:   The Kerala Government’s efforts in promoting raw cashew imports through Tuticorin with short sea shipping to Kollam Port, bypassing the major port of Kochi, have irked trade unions. “The move will divert Kochi Port’s conventional cargo and cost the port dearer, affecting its revenue earnings substantially,” trade...

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Palasa cashew processing capacity doubles

Cashew processing capacity at Palasa in Srikakulam district, has more than doubled over the last three years on the back new plants and mechanisation of the existing ones. As of now, there are 250 units operating in Palasa and Kasibugga from around 210 processing units some three years ago. Besides, about 65 per cent of the existing units...

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MP promises boost to cashew sector

Dakshina Kannada Member of Parliament Nalin Kumar Kateel on Sunday said he was aware of the problems being faced by the cashew industry and promised to render “all possible help”. Speaking after inaugurating the platinum jubilee celebrations of Karnataka Cashew Manufacturers’ Association here, Mr. Kateel urged the association office bearers...

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‘Promote use of cashew apple’

4 lakh tonnes of the fruit being wasted in a year in State Cashew manufacturers on Saturday sought the State government’s help for farmers to make use of cashew apple that is being wasted in a large quantity. At the inauguration of platinum jubilee of the Karnataka Cashew Manufacturers Association (KCMA) here, president of the celebration...

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Cashew farmers seek relief

Cadre of Dravida Munnetra Kazhagam (DMK) staged a demonstration in front of the Revenue Divisional Office at Udayarpalayam on Tuesday demanding compensation for cashew farmers who have been affected by drought-like conditions. S. S. Sivasankar, Kunnam MLA and district secretary of DMK, V.K.Rajendran, Convenor, party’s farmers wing of the...

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Raw cashew nut prices hit all-time high by crossing Rs 100 per kg mark

Cashew farmers are all smiles as raw nut prices have touched Rs 102 a kg in select markets of Goa and Kerala. Traders say this is the highest ever season opening price in the history of the trade. Around the same time last year, raw cashew nut prices had touched Rs 95 a kg and then dropped to Rs 83 a kg. The trigger for the steep spike...

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Benin: The gov’t fixed the price of Cashew to FCFA 225 /Kg

The government of Benin has decided this week to increase the price of cashew in the country to FCFA 225/Kg for the 2014/2015 campaign against   FCFA 200 in 2013/2014. According to an official of the Ministry of Trade, Industry and SMEs who requested anonymity but quoted by Xinhua news agency, this trend reflects the growing importance...

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Cashew nut prices hit century mark

PANAJI: This season's first produce of cashew nuts has hit a morale-boosting century mark, with prices scaling a new milestone at Rs102-105 per kilo. It's an over 100% rise in prices from just seven years ago when a kilo drew Rs48-50. It's not just the unique flavour of Goa's cashew nuts that are attracting the pricing. "More and more people...

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Cashew body festival to focus on farmer empowerment

MANGALURU, MARCH 4:  Focus on the empowerment of cashew growers will be part of the diamond jubilee celebrations of the Karnataka Cashew Manufacturers’ Association (KCMA). The year-long event will begin with a two-day event in Mangaluru on Mach 14. A press release by KCMA said here on Wednesday that the event will showcase the strength...

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Cashew fest from March 14

Amid hopes of making Karnataka the cashew State of India, the diamond jubilee of Karnataka Cashew Manufacturers Association will be celebrated in the city with a technical session, a cashew festival and technical exhibition, on March 14 and 15 at the T.M.A. Pai Convention Centre. Office-bearers of the association told presspersons here on...

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