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Cochin Port’s export volume drops 6%

Date: 11-07-2019
Subject: Cochin Port’s export volume drops 6%
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). 
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%.

Among various commodities, cashew kernels, coir products (other than mats and mattings), frozen fish and prawns, china clay, plywood, pepper and provisions recorded a decline in quantity exported. 

On the other hand, products like coir mats & mattings, coir yarn, spices and tea registered a growth in export volume . 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.

Source: timesofindia.indiatimes.com 

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