Cashew nut exports slump

India’s export of cashew nut has declined by more than 50% over the past 15 years after touching a record high of 1.31 lakh tonnes in 2011-12, on tough competition, high operational costs for processing and reliance on imported raw materials, trade experts say. Cashew export revenues reached a seven-year low in the fiscal year 2023-24, totalling $339.21 million. Some reports even indicate that the quantity of exports in 2022-23 (59,581 tonnes) was the lowest in two decades. Cashew nut exports have plummeted to a record low of around 45,000 tonnes now, as per a report.

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