Business Daily from THE HINDU group of publications Tuesday, Mar 06, 2007 ePaper |
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Agri-Biz & Commodities
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Outlook Prospects for new areca bright Aravindan
The prospects for new arecanut have brightened following moderate harvest. The inflow to the market has picked up considerably as the prices hover around Rs 75-78 a kg. At present, the demand of the new variety is better. The news of curbs on import has instilled fresh confidence among arecanut growers who feel the prices would further flare up. According to reports, the growers are hesitant to release the quantities being held by them. The regular arrivals are from Nedumangadu, Ernakulam, Pazhanji, Pulamonthole, Sankarankulam and so on. If the new consignments are enough to meet the demand, the possibility of maintaining at least a steady trend in prices cannot be ruled out.
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