Eye on cashew exports

05-Apr-2025 11:02 AM

🥜 Eye on Cashew Exports: Indian Cashews to Gain Edge in US Market 🇮🇳➡️🇺🇸

✅ US Tariff Shift Brings New Opportunity

  • 🇺🇸 New US import duties:

    • Indian cashews: 26%

    • Vietnamese cashews: 46%

  • ⚖️ India gains 20 percentage point advantage over Vietnam

✅ Why It Matters

  • 🛬 US imports 100% of its cashew demand (~1.5 lakh tonnes/year)

    • Vietnam: ~1.3 lakh tonnes (~90%)

    • India: ~7,000–8,000 tonnes (~10%)

  • 💸 Vietnamese cashews are cheaper, but Indian quality is better

  • 📈 Potential for Indian exports to grow significantly

✅ Global & Policy Factors

  • 🌍 India-Vietnam rivalry in global cashew trade remains intense

  • 🤝 India–US trade agreement in progress (expected by Sept 2025)

    • Could include tariff relief on Indian cashew & spices

  • 🌱 US cashew production is minimal, so external suppliers remain key

  • 🌍 Africa may emerge as a competitor, but not in the immediate future

✅ Current Export Trends

  • 📉 India’s cashew exports:

    • 2022–23: $356.32 million

    • 2023–24: $339.21 million (-4.8% YoY, lowest in 7 years)

  • 🚀 Outlook: With US market boost, exports likely to rise in 1–2 years

📌 Takeaway: Indian cashew exporters have a golden window to regain lost ground globally, especially in the US market. The tariff advantage, coupled with a potential trade pact, may rewrite India’s cashew export story.

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