Cashew Kernel Exports Decline to 1,07,496 Metric Tonnes
. Cashew kernel exports decline 4% in 2009 . India’s cashew kernel exports have showed an overall drop of a marginal 4 per cent to 1,07,496 metric tonnes during the calendar year 2009 compared to the previous year..
During the period January to December 2009, the value of kernel exports was marginally lower by 2.2 per cent to Rs 2,869 crore as against the year ago period..
The drop in exports was mainly attributed to a sharp rise in domestic consumption. The exporters had to draw down to meet the domestic demand than export commitments. The local consumption is pegged at around 1,30,000 tonnes for the year..
According to Kochibased Cashew Export Promotion Council of India (CEPCI), the unit value realization was up by 2 per cent to Rs 266.87 per kg in the export market during 2009. .
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In Other major Commodities Updates we have news on the Govt Plans to buy 280 lakh tone of rice for central pool..
Govt plans to buy 2.8 cr tonne of rice for central pool.
The government hopes to buy 280 lakh tonne of rice for the Central Pool during the ongoing 2009-10 marketing season, more than earlier target of 260 lakh tonne, even as the grain production this year is expected to be lower by 13 million tonne..
According to the latest official data, total rice purchases by the Food Corporation of India (FCI) and state agencies stand at 178.30 lakh tonne as on Thursday, slightly below 182 lakh tonne procured in the same period of the 2008-09 season..
The country’s rice production from the current Kharif season is estimated to be lower at 71.45 million tonne, compared with 84.58 million tonne in the last year season..
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