Shipping delays hit cashew sector in Kerala
The cashew processing sector in Kerala is facing severe disruptions due to shipping delays that have halted the supply chain. Cargo bottlenecks, particularly around the Strait of Hormuz, have blocked imports of raw cashew nuts and stalled exports of finished products. As a result, many factories have closed, leaving thousands of workers without jobs during what is typically the peak season for the industry.
- ▪Shipping delays have severely impacted the cashew processing sector in Kerala.
- ▪Exporters are facing a crisis as shipments to Gulf Cooperation Council countries have nearly stopped.
- ▪The industry is experiencing a complete standstill during its peak season due to these disruptions.
Opening excerpt (first ~120 words) tap to expand
The cashew processing sector in Kerala has ground to a halt as severe cargo delays choke the entire supply chain. Shipping bottlenecks, especially around the critical Strait of Hormuz, have hit the industry from ends, blocking the import of raw cashew nuts (RCN) and stalling the export of finished kernels.Exporters are facing a severe crisis as shipments to Gulf Cooperation Council (GCC) countries have almost stopped moving. With finished goods stuck in transit and payments delayed, cash-strapped private factory owners have been forced to down their shutters.‘Already in trouble’The sudden closures have hit workers hard, leaving thousands of cashew labourers without employment.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
Discussion
0 commentsMore from The Hindu — Top
