The Cashew Export Promotion Council of India (CEPCI) has advised the important government to roll lower back the import obligation on uncooked cashew nuts absolutely, to assist the Indian cashew industry compete with the global gamers like Vietnam.

The Government of India had taken into consideration exporters’ request and decreased the import responsibility from 5 in keeping with cent to two.Five in step with cent on imported uncooked cashew nuts in Union Budget 2017-18. The enterprise isn’t completely enthused by way of this finances assertion as it had expected a entire roll-returned, CEPCI stated.

According to the Council, manufacturing of raw cashew nuts in India in the course of 2017-18 changed into 817,0.5 tonnes, up four.8 in line with cent from 779,335 tonnes in 2016-17.

India’s overall uncooked cashew nut imports throughout 2017-18 stood at 649,050 tonnes really worth Rs 88.Five billion as against 770,446 tonnes valued at Rs 88.39 billion in 2016-17. As in line with the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the unit price of imported uncooked cashew nut became Rs 136.35 in step with kg in 2017-18 as against Rs 114.Seventy three the previous yr, the CEPCI annual report says.

Major resources of imported nuts have been Ivory Coast, Tanzania, Guinea Bissau, Benin, Ghana, Mozambique, Nigeria, and Senegal.

The cashew-processing enterprise in Kerala has also entreated the imperative government to roll returned import duty to help the world, that is reeling under a financial crisis.