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The Union Agriculture and Farmers Welfare Ministry has sanctioned a market intervention scheme (MIS) for arecanut.
A press release by the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd said that the Ministry has sanctioned MIS for arecanut by fixing ₹251 a kg as the price for the white variety and ₹270 for the red variety in Karnataka. The Ministry has forwarded the notification to the Karnataka government for further action, it said.
According to the scheme, a maximum quantity of 40,000 tonnes of arecanut may be procured under the scheme by the state agency.
This includes 28,000 tonnes of white arecanut and 12,000 tonnes of red arecanut. The scheme will be implemented by Campco of Mangaluru, Mamcos (Malnad Arecanut Cooperative Marketing Society) of Shivamogga, TAPCMS (Taluk Agricultural Produces Marketing Cooperative Society) of Sagar, APCOS (Areca Processing and Sales Cooperative Society) of Sagar, and TSS (Totagars’ Sales Society) of Sirsi.
A delegation of co-operatives from Karnataka, led by SR Satishchandra, President of Campco, met Agriculture Minister Radha Mohan Singh and thanked him for sanctioning the MIS for arecanut.
The scheme sanctioned by the Ministry will be in effect till December 31. Since market arrivals will commence only after January, the delegation requested for extension of the scheme up to May 31. It also requested the Minister to extend the scheme to the farmers in Kerala also.
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