NEW ISSUES OF CASHEW MARKET IN TAMILNADU (INDIA): CASHEW NUTS(1)

• India is the largest producer and exporter of cashew kernels in the world. Over 65 per cent of the world export of cashew kernels is accounted for by India. Indian cashews are consumed in as many as 60 countries all over the world. The Indian cashew kernel is well acclaimed for its good quality. taste and appearance. Sometimes cashew nuts are called “nature’s vitamin pill,”

• Cashew nuts. a richly sweet product of the cashew tree. have gained popularity not only for their succulent flavor but for health benefits, too. Whether roasted, salted, sugared or covered in chocolate, the cashew nut, often used as a flavorful complement to appetizers, main dishes and deserts, packs a mix of nutrients and minerals not found in many common foods.

CASHEW-NUT PRICE REACHES NEW HIGH IN GLOBAL MARKETS IN INDIA

Crisis in the industrial sector in Vietnam and Brazil, main competitors of India in the cashew-nut market has resulted in its price reaching a high of USD 3.60 per pound in global markets as against USD 1.90 per pound about six months back. This has been the main reason for India, the biggest cashew producer in the world, getting a record price, Cashew Export Promotion Council Chairman, P Bharatan Pillai said. The price for super quality cashew-nut in the national market ranges from Rs 500 to Rs 550. Unseasonal rains from March-April 2008 affected the crop and the default on Vietnam’s part in delivering the commodity also hit supply,