White arecanut prices touch ₹500 a kg in coastal belt
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Maintaining a boom, the prices of ‘chali’ (white) variety of arecanut touched ₹500 a kg in the coastal market on Wednesday.
With this, the prices of white arecanut witnessed a 25% increase in just over a month.
Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd. (CAMPCO), Mangaluru offered ₹475 to ₹500 a kg for the old stocks which are called ‘chol’. The cooperative quoted ₹375 to ₹415 a kg for ‘hosa adike’ (new stocks) of arecanut being harvested since past three months.
When compared to the prices during the first week in January, the prices of old stocks jumped by 25% (by ₹100 per kg) and that of new stocks went up by 24% (by ₹80 a kg) on Wednesday. The prices of old stocks stood at ₹400 a kg and new stocks fetched ₹335 a kg on January 2, 2021, sources in the CAMPCO told
Creating board for arecanut is not a priority, says Centre
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Arecanut production in State grows by 95% in last 5 years
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Karnataka, Assam, Kerala, Tripura, Meghalaya, and West Bengal are the major producers of arecanut in the country.
Arecanut production in State grows by 95% in last 5 years
The Union government has said that creating a separate board for arecanut is not a priority for it. At the same time it has said that arecanut production in Karnataka, which contributes about 75% to the domestic production, witnessed a growth of 95% during the last five years.
In a written reply to unstarred questions by the Member of Parliament K.C. Ramamurthy in the Rajya Sabha on February 5, the Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar said that the total production in the State touched 8.5 lakh tonnes in 2019-20 from 4.36 lakh tonnes in 2015-16, thus posting a growth of 94.95 %.
/Areca Nut Market 2020 – Revenue Status & Forecast Report 2026: SWASTIKA INTERNATIONAL, R. K. TRADING, GM Mallikarjunappa & Son s, and others Trending
Areca Nut Market 2020 – Revenue Status & Forecast Report 2026: SWASTIKA INTERNATIONAL, R. K. TRADING, GM Mallikarjunappa & Son s, and others 53
Areca Nut Market
Areca Nut market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Areca Nut industry comprises of Asia, North America, South America, Middle East and Africa, Europe, with the production and revenue data in each of the sub-segments.
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