The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd recorded a total turnover of ₹1,740 crore during 2017-18 as against ₹1,600 crore in 2016-17.
Suresh Bhandary, Managing Director of Campco, said the co-operative procured 52,450 tonnes of arecanut worth ₹1,453 crore from its grower-members during 2017-18. This included 20,952 tonnes of red arecanut worth ₹717.75 crore, and 31,494 tonnes of white arecanut worth ₹735.35 crore.
He said that the average rate of red arecanut was at ₹334 a kg (₹263)during 2017-18, while that of white arecanut was at ₹261 (₹244).
Bhandary said that a volatile red arecanut market in 2016-17 was the main reason for the average growth of around ₹70 a kg during 2017-18. The red arecanut market went up from ₹278 a kg to ₹800 a kg in 2016-17However, the market was quite stable in 2017-18 and did not dropbelow ₹300 a kg.
The minimum price for red arecanut was above ₹300 a kg in 2017-18, and it was above ₹260 a kg in 2016-17, he said.
The co-operative purchased 3,775.82 tonnes of wet cocoa beans worth ₹17.52 crore and 2,190.12 tonnes of dry cocoa beans worth ₹38.35 crore during the year.
Campco ’s chocolate factory produced 13,685 tonnes during 2017-18. It produced chocolate products worth ₹181 crore during the year and of this, 1,291 tonnes worth ₹20 crore were exported.
Campco purchased 206.5 tonnes of black pepper worth ₹9.22 crore from its grower members during 2017-18. It purchased 3,828.29 tonnes of rubber worth ₹48.87 crore during the period.
Bhandary said that the co-operative supplied 47,990 cocoa saplings and 10,900 pepper saplings at subsidised rates to its grower-members during the financial year. Apart from this, it supplied 102 tonnes of copper sulphate solution through its centres in arecanut-growing regions during the year.
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.