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Cashew exports up

By Our Staff Correspondent

MANGALORE OCT. 2. Cashew exports have registered an all time high during 2002-03 at 1.27 lakh tonnes valued at Rs. 2014.77 crores according to a status paper published by the Cashew Export Promotion Council of India (CEPCI).

In the previous year, shipments were 93,203 tonnes (Rs. 1,788.70 crores).

The paper, released by the Vice Chairman of the Council, Walter D'Souza, said this was an all time record exceeding the one lakh tonne target for the financial year under review by over 27 per cent. The paper recalls that cashew exports crossed the much awaited one lakh tonne mark during the calendar year 2002.

Analysing the results shown by the industry, Mr. D'Souza states that the actual growth achieved by the industry was 29.56 per cent. However, cashew exports also followed the general declining trend of the major agro commodities. This was the first time in the last five decades of cashew exports that the aggregate quantity has crossed the one lakh tonne mark in a financial year. In terms of forex earned, this was the third time that it had exceeded Rs. 2000 crore mark, Mr. D'Souza observed.

Despite the quantitative growth there was anxiety in the industry regarding the drop in the unit price which needs to be addressed as the drop in price was threatening the industry of becoming a loss making preposition.

The unit export price of Rs. 1.57 lakhs a tonne was the lowest ever in the last one decade, making it imperative to streamline and strengthen the global generic and India specific marketing strategies on a war footing.

The CEPCI has already initiated a result oriented action plan at a cost of Rs. 125 lakhs in the U.S. and Japan. The proposals are before the Government on the nutrition values of cashew, Mr. D'Souza pointed out.

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