Cashew exports to US declined from FY14 to FY18 as Vietnam stole the show

Indian exports of Cashew Kernels to USA has declined from 33,898 metric tonne (MT) at Rs 15.05 billion in 2013-14, to 13,179 MT at Rs 9.06 billion in 2017-18. During 2013-14, US was the largest export destination for cashew kernels exporters from India.The decline has also been evident in European countries and in other traditional strongholds, with the competitors like Vietnam offering same quality products at a lower rate. The Cashew Exports Promotion Council of India has said that it is looking at marketing strategies to recapture the lost share in these traditional markets.Exports of cashew kernels to US was around 33,898 MT at a value of Rs 15.05 billion in 2013-14, which has come down to 13,179 MT at Rs 9.06 billion in 2017-18. Exports to Netherlands, the third largest export destination for India, has also declined in volume from 9918 MT to 8650 MT from 2013-14 to 2017-18, while in terms of value, it has grown from Rs 4.23 billion to Rs 5.84 billion during the respective ...

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