Business Daily from THE HINDU group of publications
Saturday, Aug 25, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Co-operatives
Curb areca entry through Nepal: Campco

Our Bureau

Mangalore, Aug. 24

The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd has urged the Union Government to curtail the entry of arecanut produced in other countries, through Nepal, to India.

In a memorandum submitted to the Union Commerce Minister, Mr Kamal Nath, the cooperative said the cultivation and production of arecanut is meagre in Nepal. But, it is a potential market for arecanut consumption.

The memorandum said Campco’s export to Nepal was coming down every year. The cooperative, which exported 2,257 quintals of arecanut worth Rs 1.51 crore in 2004-05, exported 561 quintals worth Rs 37.67 lakh in 2005-06. The export came down to 197 quintals worth Rs 16.71 lakh in 2006-07. These figures indicate that export of arecanut from India to Nepal is on decreasing trend for the last few years, due to the availability of imported arecanut from other nations at a cheaper rate.

Since Nepal being a good market for arecanut consumption having negligible quantity of production, export of the commodity from that country to India at a cheaper rate does not arise.

The memorandum said tarecanut from other countries were exported to Nepal by taking advantage of the lesser import duty in that country.

Quoting Mr S.R. Rangamurthy, Campco President, it said: “Due to this type of import, our nation is incurring heavy revenue loss and domestic agriculturists are suffering heavily due to the market crisis for their produce.”

More Stories on : Co-operatives | Plantations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Area under most crops increases; rice trails


Need to address the root causes
Chinese demand to support metals
Costlier food pushes up inflation rate
Bearish global trend affects spot rubber
Sugar sector seeks early clearance of subsidy claims
Kanan Devan to cultivate tea in Ethiopia
70% rise in H1 jewellery demand
Buying interest helps pepper futures recoup
Spices Board setting up centre for value-addition
‘Scope for soya use expanding’
Curb areca entry through Nepal: Campco
Winds of change


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line