KOCHI: Cashew nut export volumes are steadily declining even as domestic consumption is witnessing a consistent growth. Cashew export has dropped for second successive year in 2016-17.
It fell by 16 per cent to 81,110 tonnes. In the year before it had declined by 19 per cent to 96,346 tonnes. At the same time, domestic consumption has touched 3 lakh tonnes and is growing at 5-6 per cent annually.
According to the provincial data by The Cashew Export Promotion Council of India (CEPCI), the export value has risen marginally by 3 per cent for 2016-17 reaching Rs 5,077 crore because of the better prices fetched by the cashew kernels towards the end of the year.