Cashew Industry and Exports

Introduction

Cashew (Anacardium occidentale L.), a tree native of Eastern Brazil, was introduced in India by the Portuguese nearly five centuries ago. In India, cashew was first introduced in Goa, from where it spread to other parts of the country. Initially, it found use in soil binding to check erosion. Commercial cultivation began in the early 1960s and, over the years, cashew became a crop with high economic value and attained the status of an export-oriented commodity, earning considerable foreign exchange for the country.

Key Markets and Export Destinations

• Export earnings from cashew nut in FY20 stood at US$ 566.76 million.
• The total cashew export from April 2020 to November 2020 was US$ 242.76 million and for the month of November 2020, it was US$ 37.72 million.
• India accounts for about 65% of the global cashew kernels export.
• India exports cashew kernels to over 60 countries. Its major markets are the US, the Netherlands, Japan, Spain, France, Germany, the UK as well as the Middle East countries such as UAE and Saudi Arabia.

Cashew Export Promotion Council of India

The Cashew Export Promotion Council of India (CEPCI) works to promote the export of cashew kernels and CNSL. The council serves as an intermediary between importers of cashew kernels and exporters who are members of the council. It also deals with disputes on export/import arising due to quality standards and breach of contractual obligations, among others. It undertakes numerous activities, such as organising global buyer seller meets as well as studies on nutritional aspects of cashew and providing support to cashew processors and exporters for improving infrastructure.

Source:

• Press Information Bureau
• Directorate General of Commercial Intelligence and Statistics