Palasa cashew industry in deep financial crisis due to lockdown, fall in demand
The Hindu
Hike in electricity and labour charges have dealt a big blow to the industry.
India’s famous cashew industry in Palasa, Srikakulam district, has been hit hard by various factors, including the partial lockdown imposed by the Andhra Pradesh government to control COVID-19. A steep fall in demand for the nuts and hike in electricity and labour charges have dealt a big blow to the industry. Normally, 500 tonnes of cashew is processed per day here but it fell to 200 tonnes in the last few days.
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