The production of raw cashew nuts in India during 2017-18 has increased to all time high at 8.17 lakh metric tonne (LMT) and registered growth of 4 percent compared to 2016-17 production of 7.79 lakh metric tonne and 21 percent increase compared to 2015-16 production of 6.70 lakh metric tonne, Minister of State of Commerce and Industry, CR Chaudhary, in a written reply in the Lok Sabha said Monday.
However, due to shortage of sufficient quantity of raw cashew nut and higher price for raw cashew nut in the international market, it is reported that the cashew industry is facing the prospect of a demand – supply gap, as the total requirement of raw cashewnut is estimated at 17 lakh metric tonne, the minister added..
With regard to steps for increasing production of raw cashew nut, Ministry of Agriculture and Farmers’ Welfare under Mission for Integrated Development of Horticulture and Rashtriya Krishi Vikash Yojana (RKVY) has drawn up strategies to increase domestic production by massive area expansion of cashew and replacing of senile cashew plantations with high yielding varieties in traditional and non-traditional states, Chaudhary informed the lower house of Indian Parliament.
The details of quantum of cashew production, export and import of raw cashew in the country during the last five years;
Production of Raw Cashew Nut
|Year||Production of Raw Cashew nut (lakh MT)|
Source: Directorate of Cashewnut & Cocoa Development
India’s export and import of cashew nuts fresh/dried in shell
|Year||Quantity (in tonne)||Value (in million USD)||Quantity (in tonne)||Value (in million USD)|
Source: Directorate General of Commercial Intelligence and Statistics
*Figures of 2017-18 are provisional only