The current drop is mostly due to a price decline in the international market," said Vikas Agarwal, secretary of Cochin Rubber Merchants Association.
Erratic rains for the last three consecutive years have forced a shift in the mindset of the state government to promote millets like ragi, jowar and bajra.
Vietnam, which is the world's largest producer, is estimated to have produced over 2 lakh tonnes of pepper this year.
GST on cashew was initially fixed at 12 per cent, compared with the previous 5% tax.
In the first quarter of the year India exported 18,000 tonnes valued at Rs 123.84 crore, a staggering increase of 169% in quantity and 107% in value.
India exported coir products worth Rs 2,281 crore last year, with the bulk of it coming for Kerala, the largest producer of coir in the country.
Inditrade Capital is aiming at a rapid increase in its loan portfolio in the next few years.
Europe accounts for around 18% of India’s annual marine products exports, which touched nearly Rs 38,000 crore in 2016-17.
Heavy rains in Kerala and parts of Tamil Nadu have led to increased pest attacks.
Exporters took their request to Commerce Minister Suresh Prabhu, who attended Kaju India, the global cashew meet that concluded at Goa this week.
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