July 11, 2019
Kochi: The export and import of various commodities through Cochin Port declined year over year in fiscal 2019, showed data from the Cochin Chamber of Commerce and Industry (CCCI).
Cochin port - images by IT
In fiscal 2019, 12.18 lakh tonnes of commodities were exported, compared to 12.92 lakh tonnes in fiscal 2018,
registering a decline of 73,295 tonnes or nearly 6%.
Compared to the previous year, cashew kernel exports came down by nearly 8600 tonnes.
When contacted, R K Bhoodes, chairman, Cashew Export Promotion Council of India (CEPCI), said that the decline
in exports through the Cochin Port is part of the overall trend.
“Compared to the previous fiscal, cashew kernel
exports came down by 30% and the decline is due to the shutting of the 700 factories in Kerala.
The nut processing
has moved out of Kerala,” he said.
P Mahadevan, CEO of coir products exporter Travancore Cocotuft Pvt Ltd, said that export demand was up in FY19
mainly in the US and UK.
“Also, the business with South American countries grew, as exporters have started catering
those untapped markets,” he said.
Shenoy Karun
No comments:
Post a Comment