Cashew import prices hiked by 280% to support domestic producers

Kerala Cashew Industry Joint Council said the move is a shot in the arm for the struggling cashew industry in the state

The government has increased the minimum import price of broken cashew kernels by nearly 138 per cent and by 280 per cent for whole kernels.

According to a notification issued by the Directorate General of Foreign Trade (DGFT), import price of broken cashews has been increased to Rs 680 per kg from Rs 288 per kg. Similarly, for whole cashews, the price has been hiked to Rs 720 per kg from Rs 400 per kg.

Kerala Cashew Industry Joint Council said the move wasa shot in the arm for the struggling cashew industry in the state. It added that the