July 14, 2024

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Kerala cashew sector to tap Japanese market in post-Covid days

Kerala’s cashew sector is gearing to faucet the Japanese industry in the publish-Covid times in see of soaring demand and recurring orders for kernels.

Japan is one of the big consumers and the present-day lockdown is a hindrance to satisfy the demand fully. Nonetheless, the sector is assured to utilise its prospective at the time the restrictions are lifted, stated K Rajesh, nationwide committee member of the Cashew Marketplace Defense Council.

Japan is an vital industry for Indian cashew kernels with yearly export of all-around 10,000 tonnes. Of this, the contribution of the Kerala cashew sector is all-around 8,000 tonnes and the harmony will be fulfilled from Vietnam and China markets. The drum-roasted cashew kernels are the USP of Kerala merchandise, which finds a lot of takers in Japan, Rajesh stated.

Past yr, shipments to Japan was as lower as all-around 5000 tonnes because of to a subdued demand coupled with a muted work atmosphere in the highly labour-intensive cashew processing factories right here on account of several sector-clever troubles, he extra.

Any hold off in coming into the Japanese markets in the publish-Covid times may perhaps give Vietnam and China an option to get supremacy. Both of those these international locations have a aggressive gain of decrease generation prices simply because of mechanisation. The charge of generation for kernels in India is all-around ₹700 per kg, even though in Vietnam, it is all-around ₹350/kg.

Aside from Japan, the US, Australia, the European Union are also excellent markets and the Covid-19 circumstance has led to a diminishing demand in these consuming economies, he extra.

According to R.K.Bhoodes, Chairman, Federation of Indian Cashew Marketplace, the sector is in the method of marketing usage of cashew nuts as an immunity booster in consuming international locations because of to the presence of zinc.

Nonetheless, he stated, the usage of cashew nut in the domestic industry has been affected in the wake of the cancellation of marriages and other features. It is anticipated to take at the very least 1 to two several years to restore normalcy.