In February 2025, the Goa state government responded to farmers’ appeals by increasing the support price for cashew nuts from ₹150 to ₹170 per kilogram under its ‘Assured Price for Agricultural Produce’ scheme
Demand for MSP:
Farmers, particularly in Andhra Pradesh, are demanding a minimum support price (MSP) of ₹200 per kilogram for raw cashew nuts.
Market Volatility:
Cashew prices fluctuate significantly, leaving farmers vulnerable.
The provided example of price fluctuations in Andhra Pradesh highlights this instability.
Exploitation by Middlemen:
Middlemen often take advantage of farmers, further reducing their earnings.
Regional Disparities:
Different states have varying support prices, with Goa’s recent increase to ₹170 per kilogram still falling short of the desired ₹200.
The price demanded in Andhra pradesh is also expressed as 16,000 rupees per 80kg bag, which also equals 200 rupees per kg.
Global Market Influence:
Global market dynamics significantly impact domestic cashew prices.
The retail and wholesale pricing data helps to illustrate the difference between what the farmer recieves, and what the consumer pays.
Income Stability:
An MSP would provide farmers with a stable income, reducing the risks associated with price fluctuations.
Livelihood Protection:
It would safeguard the livelihoods of cashew farmers and ensure the sustainability of cashew cultivation.
Fair Compensation:
It would ensure that farmers receive fair compensation for their labor and investment.