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The Domestic and Export Market Intelligence Cell (Demic) of University of Agricultural Sciences-Dharwad has predicted that except Rashi type in Sirsi market and Coca type in Kumta market, the prices of other areca varieties are expected to increase.
Demic has advised the farmers to sell the Rashi type in Sirsi market and Coca type in Kumta market immediately and the remaining types of arecanut to be stored upto October and sell it post October 2011 to realise better prices.
The monsoon this year would see a normal average yield of 20 quintals of arecanut a ha.
Since there are different variants in arecanut which are unique to each market, Demic in order to help farmers to decide upon when and where to sell their produce has come out with the forecast prices of the crop in these markets for the next three months.
According to Demic's price prediction, the prices of arecanut in Kumta market is expected to range from Rs 10,500-11,200 for Chippu type, Rs 8,150-8,050 for Coca and Rs 7,900-8,200 for factory and in case of Sirsi market Rs 11,500-12,000 for Bilegotu, Rs 14,200-13,600 for Rashi and Rs 7,700-8,000 for Coca during September and October 2011.
“To determine the prices, data on monthly price of arecanut for the past 20 years was collected from Kumta and Sirsi regulated markets and was analysed by employing rigorous statistical time series models,” said a Demic official.
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