The Ghana India Trade Advisory Chamber (GITAC) raises concern over raw cashew export
Raw Cashew Nut
Ghana
India
Published Oct 12, 2022
Tridge summary
The Ghana India Trade Advisory Chamber (GITAC) has expressed concern over the lack of value addition through processing of the increasing cashew nut exports from Ghana to India. The Chamber’s president, Dominic Oduro-Antwi, told the B&FT that though cashew constitutes almost 80 percent of India’s imports from Ghana, monetary value is lost due to lack of cashew processing plants in the country.
Original content
Ghana’s major market destinations for cashew are Vietnam and India, with export values of US$533million and US$445million respectively. Indeed, the country’s untapped cashew in shell trade potential is estimated at over US$660million. Trade in cashew, he said, has become one of the main demands from Ghana to India – more than most traditional commodities such as gold. However, processing these raw materials is done in the importing countries… which devalues the product. “When you export raw, the price is cheaper; but it’s not the same when premium is added,” he indicated. Data from the Ghana Export Promotion Authority (GEPA) indicate that the country exported about US$340.7million of raw cashew in shell to seven countries across the globe in 2020 alone. With India being the second-largest export destination for cashew nuts in shell from Ghana (41.41 percent in 2020), Vietnam was the main destination for Ghanaian exports of cashew nuts in shell; representing more than half (58.34 ...
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