Industry experts say the severe heat from the long summer led to large-scale deaths of birds in the farms, resulting in a drastic fall in production .
Earlier, cashew kernel exports and raw nut imports were more or less matched. But now, imports are considerably higher.
The Narendra Modi government’s decision to allow 100% foreign direct investment in aquaculture has spread cheer in the country’s seafood sector.
The USDA report predicted a record arabica output for 2016-17 in Brazil that will offset the lower robusta production due to a drought in the country earlier in the year.
ANRPC has based the latest report on the monthly production in major rubber producing countries in the first five months ended May 2016.
The exporters attribute this to the mounting cost of raw nuts imported from West Africa. India imports over 60% of its raw cashew requirement for processing.
As per industry estimates, this year’s crop will amount to 35,000-40,000 tonnes, a steep fall from 65,000 tonnes last year.
The shortfall in harvested crop and rising demand from overseas, particularly China, have raised the price of chilli to a new peak.
Expert committee constituted in 2011 also recommended the limit of 2.34 lakh litres. That report is still pending before the high court.
About 11,409 tonnes of octopus were caught on Indian shores in 2015-16, a 93% increase from a year ago, data from the Central Marine Fisheries Research Institute shows.
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