Coal price hike boosts cashew by-products rates
Increase in coal value has led to the maximize in the selling prices of cashew by-products and solutions these kinds of as cashew shell cake and cashew nut shell liquid (CNSL).
Santosh D’Silva, President of the Karnataka Cashew Manufacturers’ Association (KCMA) and a primary producer of cashew by-products and solutions these kinds of as CNSL and cashew shell cake, told BusinessLine that the new maximize in coal value has led to the maximize in the selling prices of cashew shell and cashew shell cake.
Cashew shell cake is having a file value of all-around ₹9 a kg. The ordinary value for this was all-around ₹4.five a kg. He explained the value of cashew shells also has gone up from all-around ₹6-seven a kg a thirty day period ago to ₹12 a kg.
Coal value hike will help
On the value maximize, D’Silva explained some sectors these kinds of as boilers, paper mills, meals industries and prescription drugs are not having sufficient quantities of coal to fulfill their requirements. This has led to the maximize in the value for cashew shell cake. Mainly because of this, the value of cashew shell also greater.
G Giridhar Prabhu, Govt Chairman of the Mangaluru-based Achal Industries Pvt Ltd, a important cashew producer and exporter, explained cashew shell is an crucial industrial uncooked material. It goes into friction dust and lining for the automobile field. It is also converted into cardanol, which tends to make its way into the laminates field.
Prabhu explained that Karnataka procedures all-around 2 lakh tonnes of uncooked cashewnuts and all-around 1.4 lakh tonnes of cashew shells. A lot more than thirty expeller operators within just cashew field in Karnataka absorb the shells developed in the region. This in convert produces ninety eight,000 tonnes of cashew shell cakes.
CNSL
On the CNSL value, D’Silva explained the value had touched an all-time low of ₹15 a kg in 2015. Now it is in the assortment of ₹38 a kg. He explained the value of the furnace oil goes up when the value of crude oil goes up in the global sector. Some industries use CNSL as a substitute for furnace oil.
He explained that before the vegetation developing by-products and solutions these kinds of as CNSL were being focussed in States these kinds of as Karnataka, Maharashtra, Goa, Kerala and Tamil Nadu. Now the cashew is being processed in other sections of the country, including Delhi.
He explained Kolkata and Delhi were being the important marketplaces for Karnataka CNSL producers before. Cashew processing models have appear up in States these kinds of as Odisha and Delhi in the previous several yrs, and some of these models are also developing CNSL. Following this, the buyers from Kolkata and Delhi region are preferring Odisha and Delhi as it provides down the transportation fees to them.
