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The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd recorded a business turnover of ₹1,200 crore during 2013-14 against ₹936 crore in 2012-13.
K Padmanabha, President of Campco, said that this is the highest turnover achieved by Campco in its 40 years of existence.
Of the ₹1,200-crore business, arecanut division contributed a share of ₹975 crore and chocolate division contributed ₹209.38 crore.
The rubber division’s share was ₹14.92 crore. The cooperative’s copper sulphate division did a business of ₹1.03 crore.
Farmers spray copper sulphate solution on arecanut plants to protect them from fruit rot disease.
Stable marketTo encourage farmers, the cooperative paid an incentive of ₹1 a kg to the farmers for selling arecanut to the cooperative.
Stating that the arecanut market remained stable during 2013-14, he said the decision of the Directorate General of Foreign Trade to increase the minimum price for the import of arecanut helped in curbing the import, thus leading to the stability in the market.
The expert committee set up by the Arecanut Research and Development Foundation has fixed the production of cost during 2013-14 at ₹168 for white arecanut and ₹197 a kg for red arecanut, he said.
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