ISHS Acta Horticulturae 108: International Cashew Symposium
INDIA'S IMPORTS AND EXPORTS OF CASHEW PRODUCTS IN INTERNATIONAL MARKET — AN ANALYSIS OF TRENDS AND TENDENCIES |
| Authors: | K.R. CHOUDRY, U. VENKATESWARLU, Y.E. PRASAD, G. SATYANARAYANA |
| Abstract:
Cashew is one of the India's major foreign exchange earners and the second biggest dollar earner. Till recently, India has had virtual monopoly in the world supplies of both cashew kernels and cashew nut shell liquid. But with the development of domestic industries in some of East African countries, India would increasingly begin to face stiff competition from these sources in her export market. All the cashew that is exported from India is not grown within the country itself. In fact, nearly three fourth of it is imported from Mozambique, Tanzania and Kenya. About 177,289 tons of raw cashew were imported by India, whereas its exports of the same were to the tune of 57,976 tons in 1974. Though, India holds a virtual monopoly in cashew trade, supplying more than 90 per cent of the World's demand for cashew, she has to depend heavily on raw cashew imports from abroad. An attempt is made to analyse the trends of India's imports and exports of cashew products in international market covering a period of 18 years based on the data from the Cashew Export Promotion Council, Cochin. India's cashew exports abroad were divided into six zones, viz., American. European, West Asian, South East and Far East Asian, African and Oceanic zone. India's exports to U.S.A., Canada, U.S.S.R., Netherlands, U.K., HongKong, Japan and Australia were estimated. The following linear function was used to depict the trends of imports and exports of cashew. Y = a + bx, where Y = quantity in thousand tons, x = Year and a = constants. In addition to domestic produce, India imported raw cashew from other countries like Tanzania, Kenya, East Africa, Tanganika, Mozambique, etc. besides many other small countries. The total imports which stood at 97 tons valued at Rs. 7.3 crores during 1957 rose to 177.8 thousand tons amounting to Rs. 40.79 crores by 1974. Though the increase in the quantity imported during 1974 was less than double to that of 1957, the increase in value was as much as six times. This differential increase in quantity and value were evidently due to ever increasing prices of the raw nuts. As against an average | |
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