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06-Jun2011

Cashew Nut Rates Up 20%

Cashew nut rates in the Palasa Kasibugga current market have raised by over 20 % for the duration of this period as opposed to the past season.

That is mainly because of deficiency in natural product from both local and global markets. Cashew nuts are usually obtainable from April till June 15 in local market and for the duration of March and April in the worldwide market place.

Past period, we bought nuts at 3,800-4,200 each 80 kg bag, while this year cashew producing operators are spending Rs 4,600-6,000 each bag, said Rao, leader of the Palasa Cashew Producers Association.

He explained output decreased by a lot more than 30 % in some areas of AP because of poor climate. The normal nut output past period was 2.5 lots each hectare, that has dropped to 1.5 lots in many areas of the state.

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