Cashew exporters seek govt support despite record production, lower prices

Some units will reach a stage where they cannot be revived if support does not come through

India's production of raw cashew nuts during 2017-18 has increased to an all-time high of 817,000 tonnes, resulting in lower local prices. However, exporters have not benefited from low-cost cashew. The major issue faced by them is increasing competition in the global market from exporters in countries like Vietnam and Thailand.  

Exporters say that lower prices in the domestic market are not helping and margins in exports are shrinking. They add that the government should provide incentives to help them retain market share.  

Indian exporters exported around 84,354 tonnes of cashew kernels in 2017-18, with a 2.49 per