V Sajeev Kumar Kerala’s cashew sector is gearing to tap the Japanese current market in the put up-Covid times in see of increasing need and recurring orders for kernels.
Japan is just one of the main buyers and the recent lockdown is a hindrance to satisfy the need thoroughly. Having said that, the sector is confident to utilise its likely as soon as the constraints are lifted, stated K Rajesh, nationwide committee member of the Cashew Business Security Council.
Japan is an essential current market for Indian cashew kernels with annually export of all over 10,000 tonnes. Of this, the contribution of the Kerala cashew sector is all over eight,000 tonnes and the equilibrium will be achieved from Vietnam and China markets. The drum-roasted cashew kernels are the USP of Kerala item, which finds lots of takers in Japan, Rajesh stated.
Very last 12 months, shipments to Japan was as reduced as all over 5000 tonnes thanks to a subdued need coupled with a muted function ecosystem in the very labour-intensive cashew processing factories here on account of many sector-wise challenges, he extra.
Any delay in moving into the Japanese markets in the put up-Covid times might give Vietnam and China an option to attain supremacy. Both equally these countries have a competitive edge of reduced output charges for the reason that of mechanisation. The charge of output for kernels in India is all over ₹700 per kg, whilst in Vietnam, it is all over ₹350/kg.
Moreover Japan, the US, Australia, the European Union are also fantastic markets and the Covid-19 predicament has led to a diminishing need in these consuming economies, he extra.
In accordance to R.K.Bhoodes, Chairman, Federation of Indian Cashew Business, the sector is in the course of action of advertising consumption of cashew nuts as an immunity booster in consuming countries thanks to the existence of zinc.
Having said that, he stated, the consumption of cashew nut in the domestic current market has been affected in the wake of the cancellation of marriages and other capabilities. It is predicted to get at least 1 to 2 several years to restore normalcy.