#cashew processors

India: Crisis in the cashew industry

The government will intervene to solve the problems of cashew processors and ensure job security in the sector, Chief Minister Pinarayi Vijayan said here on Saturday.

After a meeting convened at the Asramam guest house to resolve the crisis in the industry, he said talks would be held with banks to give the processors additional time to repay their loans. If needed, the government would approach…

Will the cashew industry in India every recover?

India’s cashew industry might have to increase domestic production to over 2 million tonnes by the year 2025, as the African countries from where India imports raw cashew nuts are aiming at more localised processing.

While India has a capacity to process 2.5 MT raw cashew, at present it produces only a third of that – 700,000-800,000 tonnes – and imports a similar amount from other countries.…

Explaining why the sector has cut its export target, Nguyen Duc Thanh, Vinacas chairman, said: “We haven’t had sufficient domestic material supply, and the prices of imported raw cashews were too high and sometimes of poor quality.”

The focus this year will shift from quantity to quality by raising the value of cashew nuts with deep processing and promotion of consumption in the domestic market,…