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Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. For 2013-14, India imported 758,111 tonnes valued at Rs 4,458 crore.īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Indian processing industry requires about 1.4 million tonnes of raw cashew nuts annually. We estimate the current year’s production to be 700,000 metric tonnes - about six-seven per cent less than that of the previous year,” he said. We had planted new trees, which are now bearing fruits. It was not a very big loss in terms of output. “The cashew tress that were damaged due to the Phailin cyclone were old and were low-yielding. Orchards planted after 2000-01 have started yielding nuts, said Venkatesh N Hubballi, Director, DCCD. However, the Directorate of Cashew and Cocoa Development (DCCD) said the new plantations would compensate for the loss in Andhra Pradesh and Odisha. He said the current year production could come down by at least 200,000 tonnes. We expect this year’s production to slip 30 per cent,” said Walter D’Souza, former chairman of Cashew Export Promotion Council of India and a cashew processor in Mangalore.
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Currently, the sentiment is low because of unseasonal rain that damaged the grown up crop. In Maharashtra and Konkan, prices still remain at Rs 80-85 per kg levels. “Initially, prices soared in Karnataka and cooled as the harvesting season progressed. Overall, the crop loss is estimated at 30 per cent over the last year’s production of 750,000 tonnes. The unseasonal rain between April and May this year affected the harvesting in the west coast areas. Last year, Phailin cyclone damaged cashew orchards in about 50,000 hectares in the Ganjam district of Odisha and Srikakulm in Andhra Pradesh.