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Early Bird Discount Registration closes March 31, 2008 http://www.2008goanconvention.com/regform_print.html --------------------------------------------------------------------------- Mangalore: UAS holds 'Cashew Field Day' KCMA says Cashew slumped in price By Team Mangalorean/www.mangalorean.com Photographs: Rajesh Shetty MANGALORE, March 19, 2008: The Karnataka Cashew Manufacturers Association (KCMA) the Mangalorean born state level apex body of the Cashew growers has averred that the Cashew as a commercial commodity had felt a slight slump in the international market, basically due to the rupee appreciation in the world money market. President of the KCMA Prakash Rao Kalbhavi delivering a lecture at the 'Cashew Field Day' organized by Agricultural Research Station of UAS, branched at Ullal Kapikad in the city today Mr. Kalbavi stated that Indian cashew rates should level off at Rs. 40 per kg of raw cashew and by the beginning of the new financial year things might start looking up he hoped. Stating that the slump was also partially due to a minor abrasion of market where devaluation of currencies happening all across the world particularly in the cashew growing areas. He said one of the main exporting countries like Vietnam produced 2000 kgs of cashew per annum per hectare, Indian output was roughly 650 kgs per hectare which was due to the old plantation. He said the Cashew Export Promotion Council of India has been working towards achieving 18-lakh tonnes of cashew by the year 2020. Mr. Kalbavi's report on the market and consumption level of the Cashew kernels stated that the internal consumption of cashew was growing by 10 to 12 per cent per annum. While the demand for processed cashew was growing by eight per cent per annum in India, the production level had not shown the same level of growth, he lamented. This had forced India to import cashew from Africa and Vietnam he said. India exported 12 lakh tonnes of processed cashew last year earning it foreign exchange of Rs. 2,800 crore. India at the same time imported Rs. 1,900 crore worth raw cashew, resulting in net savings of Rs. 900 crore. The report stated that the cashew exports from Karnataka, was to the tune of 350 crore rupees. ______________________ "BLACK" Konkani Film 2008 - soon to release in Goa. ========CLICK AND WATCH======== http://youtube.com/watch?v=-jXmU_x5mKk ______________________ - Forwarded by www.goa-world.com Goa's Pride - http://www.goa-world.com http://www.youtube.com/watch?v=MuCMjzYA3_U Gulf-Goans e-Newsletter (Since 1994) archived at http://www.yahoogroups.com/group/gulf-goans/ Moderated by Gaspar Almeida & presented by Ulysses Menezes http://www.youtube.com/watch?v=X-6J1ObYUUg - SOBIT AMCHEM GOEM ! --------------------------------- Looking for last minute shopping deals? Find them fast with Yahoo! Search.