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With the increase in the price for white arecanut, there is a trend among some growers to sell the commodity to private traders who offer a little higher rate for them. In such a situation, the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd feels that there is a need for the growers to support co-operative institutions.
Speaking at the 37th annual general meeting of Campco, Mr K. Padmanabha, President of the co-operative, said that white arecanut is getting good price now. Some private traders, who evade tax, buy the commodity at the doorsteps of the growers paying a little more than what the co-operatives offer.
Making an appeal on behalf of all the co-operatives, he said if the growers sell their 100 per cent stocks to the co-operative institutions, it will strengthen the market to a great extent.
Private traders will not come to the rescue of growers when there is a crash in the market. In such a situation, co-operatives such as Campco rush to the help of growers, he said. Growers should keep these factors in mind while selling the commodity to the private traders, he added.
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