Business Daily from THE HINDU group of publications
Saturday, May 10, 2008
ePaper | Mobile/PDA Version | Audio


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Plantations
Industry & Economy - Exports & Imports
Import of arecanut from Myanmar allowed

A.J. Vinayak

Mangalore, May 9 The Directorate General of Foreign Trade (DGFT) has issued a notification allowing import of betel nuts (commonly known as arecanut) from Myanmar. Sources in the arecanut sector said that this may affect the prospects of arecanut in the domestic market.

Quoting the earlier three notifications on the import of arecanut, a DGFT notification dated May 8 said that import of betel nuts from Myanmar shall not be subject to port restrictions, and this was made effective retrospectively from February 20, 2007.

In the notification dated February 20, 2007, the DGFT had allowed the import only through one port in the country — Mangalore Port. Till then, the import of arecanut was allowed in other ports.

In the second notification dated July 10, 2007, import of arecanut was allowed through Mangalore Port, and arecanut of Nepalese origin through Jogbani and Panitanki land customs stations.

In the third notification dated August 29, 2007, the DGFT allowed the import of whole, split, ground and other forms of arecanut only through Mangalore Port.

Sources in the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd told Business Line that Myanmar was not a large-scale producer of arecanut. They feared that arecanut from Indonesia will be routed through Myanmar for Indian market.

According to the arecanut database prepared by the Directorate of Arecanut and Spices Development, India covers 56 per cent of the area under arecanut production. Indonesia and Myanmar cover 16 per cent and 5.5 per cent, respectively. These figures were up to 2004. Sources said that arecanut was a forest produce in Indonesia, and the commodity was of poor quality. The production cost of arecanut in India is around Rs 90 a kg for white arecanut and Rs 120 a kg for red arecanut, they said.

More Stories on : Plantations | Exports & Imports

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



Stories in this Section
MCX, NCDEX overcome ban effect


NCDEX to continue focus on agriculture
Rain, winds picking up over Andaman Sea
All’s not well on food front
Import of arecanut from Myanmar allowed
Tyre makers seek waiver of rubber cess
Mixed trend in rubber
‘Set up national body on lines of WTO’
Coonoor tea turnover up Rs 25 crore
Hatsun targets growth in milk ingredients business
Speculation over ‘deal’ between futures industry, Govt
Inflation pinches, with a lag; revised nos way above estimates
AP draws up plan to curb commodities price increase
State tells Centre to implement Idukki package
Crude prices jump 100% in one year; output may drop


Smartbuy



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 © 2008, 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