Cashew business in Kollam
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The Cashew business in Kollam is based in the eponymous city, which is known as the Cashew Capital of the World.[1] Kollam is the largest processed cashew exporter in the world. As of 2011[update] there were more than 600 cashew processing units in the city. About 800,000 tonnes of raw cashews are imported to the city for processing every year.[2] 80% of India's export quality cashew kernels were prepared in Kollam.[3][4] Kollam has remained the cashew capital of the world since the 1930s.
However high cost of production existing in Kollam due to limited mechanisation and higher minimum wages, stiff competition on the cost front from East Africa and Southeast Asia from an international perspective and Tamil Nadu and East India in domestic perspective are putting a lot of pressure over cashew processing sector of Kollam in recent times.