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Cashew Industry and Exports

Last Updated: June, 2020

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.
  • India accounts for about 65 per cent of the global cashew 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.

Export earnings from coconuts, brazil nuts and cashew nuts, fresh or dried, whether shelled or peeled, was valued at US$ 523.75 million in FY20 (till January 2020).

Source:
Directorate General of Commercial Intelligence and Statistics (DGCIS)

Other Export Promotion Councils:

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Cepci

P.B. No. 1709
Chittoor Road,
Ernakulam,
Cochin - 682016,
Kerala
India

Tel.:+91-484-2376459
Fax: +91-484-2377973
Email: cepc@cashewindia.org
Website: www.cashewindia.org

Export earnings from coconuts, brazil nuts and cashew nuts, fresh or dried, whether shelled or peeled, was valued at US$ 523.75 million in FY20 (till January 2020).

Source:
Directorate General of Commercial Intelligence and Statistics (DGCIS)

Exports

Cashew Industry In India