Covid-19 fallout: Cashew exports in both quantity and value, take a hit in Q1
The Covid-19 pandemic has taken a toll on India’s cashew exports with a 41 for every cent decrease in quantity and 38 for every cent in benefit in the 1st quarter of the existing fiscal, in comparison to the corresponding period of the past yr.
Exporters attribute the dismal performance to the lockdown that hindered the operations of many cashew factories, hitting abroad shipments and domestic gross sales.
On the other hand, the soaring retail gross sales especially in the US and the EU markets on amplified snacking in Could and June have introduced some cheer to the sector, witnessing slight improvements in export figures.
“There are some positive developments in the export industry with amplified shipments to the US, Japan, Australia, and Iran in Could and June, in comparison to April in the existing fiscal yr. There are business orders from other markets as effectively,” explained K Rajesh of