Prices of arecanut are expected to be firm in Kumta and Sirsi regulated market in December, according to the Domestic and Export Market Intelligence Cell (Demic).
Demic has been set up in the Department of Agri-business Management, University of Agricultural Sciences, Dharwad, to advise farmers and save them from distress sale.
Dr Balachandra K. Naik of DEMIC, said, “Due to normal monsoon in Uttara Kannada district this year, the average yield is in the range of 18-22 quintals per hectare.”
“After analysing monthly price of arecanut for the last 20 years collected from Kumta and Sirsi regulated market, we see arecanut prices to trade higher in December,” he added.
The prices of ‘chippu’ arecanut is expected to be Rs 10,200-10,800 in November. It may trade a little higher between Rs 10,500-11,000 in December, and later drop a little to trade between Rs 10,400-10,800 in January.
The prices of ‘Factory’ nuts is expected to be Rs 6,500-6,800 in November, trade in the Rs 6,700-7,000 range in December and Rs 6,800-7,200 in January.
‘Cocca’ prices are likely to trade Rs 9,100-9,500 in November, Rs 9,000-9,300 in December and Rs 8,400-8,800 in January.
In Sirsi regulated market, the prices of ‘Bilegotu’ is to fetch Rs 11,600-12,100 in November, Rs 11,700-12,200 in December and Rs 11,600-12,000 in January.
‘Rashi’ nuts will fetch Rs 8,400-8,900 in November, Rs 8,700-9,100 in December and Rs 8,900-9,400 in January, respectively.
‘Cocca’ arecanut is to fetch Rs 8,900-9,300 in November, Rs 9,000-9,600 in December and Rs 9,200-9,800 in January.