COVID19

Covid-19 fallout: Cashew exports in both quantity and value, take a hit in Q1

Kochi, July 6

The Covid-19 pandemic has taken a toll on India’s cashew exports with a 41 for each cent decrease in amount and 38 for each cent in worth in the 1st quarter of the current fiscal, as opposed to the corresponding period of time of the former calendar year.

Exporters attribute the dismal general performance to the lockdown that hindered the functions of a lot of cashew factories, hitting abroad shipments and domestic income.

Even so, the rising retail income primarily in the US and the EU marketplaces on enhanced snacking in May well and June have introduced some cheer to the sector, witnessing slight enhancements in export figures.

“There are some good developments in the export sector with enhanced shipments to the US, Japan, Australia, and Iran in May well and June, as opposed to April in the current fiscal calendar year. There are organization orders from

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