Arecanut

Karnataka's Leader of Opposition Siddaramaiah slammed the Central government's decision to import green areca nut from Bhutan, saying that the life of areca nut growers will be doomed"

After continuous decline for the last three years in price, finally Arecanut farmers got some good news. Prices of Arecanut has gone up nearly 25 per cent in the last three months to touch around Rs 348 a kg.The price increase comes on the backdrop of Government increasing the Minimum Input Price (MIP) for Arecanut and a demand supply mismatch in the market.Suresh Bhandary M, managing director, The Central Arecanut and Cocoa Marketing and Processing Co-operative Limited (CAMPCO), said that starting from January 2017, the prices has been steadily growing.Red variety of Arecanut's price rose by nearly 25 per cent to Rs 348 a kg from Rs 282 a kg, while White variety price rose to Rs 235 a kg from Rs 185 a kg.One of the reasons he attributed was Centre's decision to increase MIP of Arecanut to Rs 251 a kilogram from Rs 162 a kg in January.This came after Arecanut growers in the domestic market has been asking the Government to take stringent measures to control Arecanut imports into ...

Chinese consumers have been increasingly using arecanut-based mouth fresheners to quit smoking

The government decision was to help the growers, faced with cheaper import

DGFT increases MIP by more than 50% to Rs 251 a kg

Government of India has sanctioned a Market Intervention Scheme (MIS) for arecanut growers in Karnataka. The development will help the farmers, who have been seeing fall in the price fo Arecanut over the last two years. The prices have come down to nearly Rs 28,000 per quintal from Rs 75,000.S R Satishchandra, president and the Board of Management of CAMPCO Ltd said that the Ministry of Agriculture sanctioned Market Intervention Scheme by fixing Rs 251 a Kg for White Arecanut and Rs 270 aKg to the Red Variety Arecanut for the Areca Farmers of Karnataka. The Notification has been forwarded to the Government of Karnataka for further action. The Scheme sanctioned will be in effect till December 31, 2016, but the farmers want this to extended upto May 2017."As the arrivals in the Market will commence only after January, he requested for extension of Scheme upto May 31, 2017 and also requested to extend the Scheme to the Farmers in the State of Kerala as well," siad ...

India's Campco will supply arecanuts to Kou Wei Wang, one of the largest mouth freshener manufacturers in China

The current production cost ranges from Rs 250 to Rs 337 a kg

Prices dropped by half to over Rs 28,000 per quintal in two years