An Economic Analysis of Cashew Industry in India
Keywords:
Global markets, Compound Growth Rate, Cashew nut, Foreign ExchangeAbstract
Cashew is one of the most valuable processed nuts on global markets and has revenue for developing countries. India is largest producer, processor, exporter and consumer of it in the world and earns a sizeable amount of foreign exchange. In India, cultivation of cashew is confined to Kerala, Andhra Pradesh, Karnataka, Goa, Maharashtra and Tamil Nadu, Orissa and West Bengal. Production Area under cashew nuts in India increased by 54.28 per cent from 5.65 lakh hectares during 1993-94 to 10.49 lakh hectares during 2006-17. The compound annual growth rate in production was the maximum in Maharashtra (7.33%) followed by Tamil Nadu (5%) and Karnataka (4.16%). The yield of cashew nut in India increased from 694 kg/ha during 1993-94 to 753 kg/ ha during 2016-17. The Cashew prices were very high at Goa compared to all other states in India, due to the large size of nuts as compared to the nuts of other states.
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