Again Dull Phase in Cashew Kernel

This entry was posted on Wednesday, March 24th, 2010 and is filed under Cashew.

Indian Cashew kernel market is once again quiet due to VAT rate hike on dry fruits in many states. Some states have increased the rate by just one per cent, but in Delhi the increase is beyond reach of the consumer. From 5%, it is now hiked to 12.5%. Delhi is the main market for all dry fruits in India. When the dry fruit trader suffers, the trade itself will suffer including growers, processors, middlemen etc. All most all dry fruit traders are cashew kernel dealers.

Filed Under: Cashew