DGFT hikes cashew import prices to support domestic producers

In a move that is going to be a shot in the arm for the struggling cashew industry in India, the Directorate-General of Foreign Trade (DGFT) has raised the minimum import price of broken cashew kernels by nearly 138 per cent to Rs 680 per kg from Rs 288 per kg, and by 280 per cent to Rs 720 per kg from Rs 400 per kg for whole kernels, says a report.

The Indian cashew industry exports products like cashew kernels (whole and broken), cashew nut shell liquid (CNSL), cardanol (purified CNSL) and flavoured kernels, the report added.