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

Truman Slate

Kochi, July 6

The Covid-19 pandemic has taken a toll on India’s cashew exports with a forty one for every cent decline in amount and 38 for every cent in worth in the initial quarter of the recent fiscal, in comparison to the corresponding period of the previous year.

Exporters attribute the dismal overall performance to the lockdown that hindered the functions of a lot of cashew factories, hitting abroad shipments and domestic income.

However, the climbing retail income in particular in the US and the EU marketplaces on increased snacking in Might and June have introduced some cheer to the sector, witnessing slight enhancements in export figures.

“There are some good developments in the export current market with increased shipments to the US, Japan, Australia, and Iran in Might and June, in comparison to April in the recent fiscal year. There are company orders from other marketplaces as properly,”

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