Abstract            Volume:12  Issue-6  Year-2024         Original Research Articles

Online ISSN : 2347 - 3215 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcret@gmail.com

The average value of Indian exports of cashew kernel was Rs 4710.16 crores per annum. The top five country-wise export share (in value terms) shows that USA was the number one importer with the average export share of 20.17 per cent, followed by UAE (18.95 per cent), Netherlands (8.99 per cent), Japan (8.48 per cent), Saudi Arabia was 7.96 per cent in total exports share and the export share of other countries was 22.62 per cent. It is also evident from Markov chain analysis that United Arab Emirates (UAE) was one of the most stable markets among the major importers of Indian cashew as reflected by the higher probability of retention at 1.00, i.e., the probability that UAE retains its at exports share over the study period was 100 per cent. Netherlands retains its exports share was 92.00 per cent. Thus, UAE and Netherlands were the most reliable and loyal markets for Indian cashew. In nutshell, the study recommends that increase in export incentives (transport assistance) for exports of cashew kernel and salted/roasted cashew, reduction of import duty to zero per cent by their exporting partners, duty free import of raw cashew-nuts should be continued from least developed African countries, the imports of broken and whole cashew kernels should be free if Cost, Insurance and Freight (CIF) value is above Rs 700 per kg for broken and Rs 740 per kg for whole cashew, reduction in International Goods and services tax (IGST) and reduction in basic customs duty of roasted/ salted cashew kernels, cashew kernel broken, whole and raw cashew nut. The study also recommended to strengthen food safety and quality standards at production, processing and storage levels to advance Cashew trade performance of India to regain its number one position in the globalized economy.

Download this article as