Latest news with #CAMPCO
The Hindu
12-05-2025
- Business
- The Hindu
Amendment of roasted arecanut import policy helped increasing the price of low-grade arecanut: CAMPCO
The Directorate General of Foreign Trade (DGFT), amending the import policy on roasted arecanut through a notification last month, has resulted in the prices of low-grade variety 'chali' arecanut shooting up in the domestic market, according to the Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) Ltd. Since the DGFT notification, the prices of low-grade arecanut varieties such as the 'kari gotu' have increased by 50% (from ₹100 to ₹150 per kg), 'pathora' by 16.66% (from ₹300 to ₹ 350 per kg) and 'ulli' by 38.88% (from ₹180 to ₹250 per kg), A. Kishore Kumar Kodgi, president, CAMPCO Ltd, Mangaluru, told The Hindu. The revised policy has recategorised roasted arecanut to 'prohibited' from 'free'. In its notification on April 2, the DGFT brought it from under the Indian Trade Classification (ITC) Harmonised System (HS) Code 08028090 and 20081920, to a single Code 08028090 which covered all kinds of processed arecanut, including roasted arecanut. Since there is a uniform HS code for the import of arecanuts, the import of low-grade arecanuts has become costlier, Mr. Kodgi said. Upward trend continues The CAMPCO president said that the domestic arecanut market has maintained an upward trend since the beginning of this year, owing to the drop in production during the harvest season between December 2024 and March 2025. Mr. Kodgi said that farmers have reported crop loss ranging between 60% and 70%. He said that if the price of 'hosa adike' ('chali' harvested in the current season) went up by 31.4%, from ₹350 a kg in January to ₹460 a kg on May 12, the price of 'single chol' (harvested a year ago and stocked) increased by 9.89% from ₹455 per kg to 500 a k.g. on Monday. 'Expecting that prices will go up further, the farmers are not releasing the produce into the market. Hence, there is stability in the market,' the president said. Mahesh Puchchappady, president of the All India Areca Growers' Association, Puttur, said that the drop in production this year's harvest season is attributed to climate change. As this is the fruiting season, any extreme change in the climate during the next fortnight, before the onset of monsoon, will be crucial in deciding the crop production for the next harvesting season. The next season's production will also depend upon the severity of 'kole roga' (fruit rot disease) in the plantations in this monsoon, he added.
Hans India
10-05-2025
- Business
- Hans India
Coastal establishments contribute generously to Armed Forces
Udupi/Mangaluru: The cooperatives of Dakshina Kannada, namely Central Arecanut Marketing and Processing Cooperative (CAMPCO) and South Canara District Central Cooperative Bank (SCDCC), have contributed to the National Defence Fund for Central Armed Forces as announced by their executive heads today The CAMPCO president, Kishore Kumar Kodgi, has announced Rs. 5 crore, while Dr. MN Rajendra Kumar, President of the SCDCC bank, has announced Rs. 3 crores, on Saturday. But the best effort yet is that of a grama panchayat in Udupi district has allocated ₹10 lakh from its 2025–26 budget as a contribution to the Indian Army. The Majoor Gram Panchayat, located in Kaup taluk, passed the resolution unanimously during its pre-budget meeting, terming it a symbolic act of solidarity with the armed forces in the wake of recent security developments. The move comes amid heightened tensions along India's borders following a recent terror attack in Pahalgam, Jammu and Kashmir, and the Indian Army's retaliatory operations. Panchayat president Prasad Shetty Valadoor said the fund allocation was a reflection of the community's deep respect for the armed forces and a demonstration of national responsibility. 'This is not just a donation; it is a message to other local bodies to recognise their role in supporting national defence,' said Valadoor, adding that the ₹10 lakh will be transferred through official government channels. The Majoor Gram Panchayat has an annual budget of ₹3.55 crore. The proposal has drawn widespread appreciation from residents and political leaders alike. Kaup MLA Gurme Suresh Shetty was among those who endorsed the initiative after the panchayat president discussed it with him. Observers have described the initiative as unprecedented and symbolic of how rural institutions can participate meaningfully in expressions of national unity and support for the armed forces.
