Comments
The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd has urged the Central and the Karnataka Governments to extend a minimum support price of Rs 148 a kg to red arecanut and to increase the minimum support price for white arecanut.
In a statement here, Mr K. Padmanabha, President of Campco, said that the Karnataka Government has released Rs 25 crore for the purchase of white arecanut with a minimum support price of Rs 75 a kg. A panel of experts, which submitted its report to the Karnataka Government recently, has fixed the production of cost of white arecanut at Rs 114 a kg and red arecanut at Rs 148 a kg.
Stating that Rs 75 a kg is not sufficient to meet the production cost of white arecanut, he said the Government should increase the minimum support price for white arecanut.
He said the Union Government's decision to ban marketing of ‘gutkha' in plastic sachets has affected the red arecanut market badly. This has affected the interests of growers and arecanut cooperatives in red arecanut growing areas.
Mr Padmanabha urged the Union Agriculture Minister and the Karnataka Government to revise the minimum support price for both white and red varieties of arecanuts, and to begin buying them with revised support prices.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.