Cashew exports plunge deeper to 38% in September at $22.71 million ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 19
Contracting for the last eleven months, the country's cashew exports contracted by 38 per cent to USD 22.71 million in September succumbing to intense competition in the international markets. The exports have been declining since November last year, according to the data of the commerce ministry. The data showed that the exports dipped by 34 per cent in April, about 30 per cent in May, about 6 per cent in June, 26.62 per cent in July and 31.5 per cent in August. Karnataka Cashews Manufacturers Association Vice President Tukaram Prabhu said that withdrawal of export incentives under 'Vishesh Krishi and Gram Udyog Yojana' too is impacting the outbound shipments. "At present, we have no incent

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