Mangaluru: Areca nut prices doubled, Rs 505 for old stock


Team Udayavani, Feb 11, 2021, 11:05 AM IST

Mangaluru: The price of white areca nuts that is grown widely in Coastal Karnataka and some parts of Kerala has increased drastically over a span of one year so much so that, the old stock has been priced at Rs 505-520kg/kg, while the new stock stands at Rs 425-440/kg in the domestic market.

The increase in the area nut prices can be attributed to the low harvest of the crop during the current season. It can also be because of the tightening of the country’s borders, preventing the arrival of illegal imports from other countries.

About a year ago, the price of the old stock was around Rs 260, while the new stock was at Rs 220.

Informing why the areca nut harvest has been down this time, Kishore Kumar Kodgi, President of The Central Arecanut and Cocoa Marketing and Processing Co-operative Limited (CAMPCO) said that due to the rains and fruit rot disease, the areca nut harvest has been down by over 40%, increasing the demand for areca nut, especially in North India.

He further informed that many big farmers have resorted to hoarding the areca nuts, which has resulted in a record jump in the prices.

Kishore anticipates an increase in the price, says that the prices have doubled but the yield has also dwindled.

The procurements centers in Karnataka and Kerala did not see many arrivals, despite CAMPCO announcing the revised price of Rs 505 a kg for old stock.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

‘Batoge to katoge’: 51,000 diyas spell Yogi’s slogan at Varanasi ghat

Centre must immediately restore J-K’s statehood to resolve myriad of issues: Farooq Abdullah

Sangam shines bright on ‘Dev Deepavali’ ahead of Maha Kumbh

10 children dead, 16 battle for life after fire at Jhansi medical college

All 5 ‘guarantees’ implemented in Karnataka, PM and BJP spreading false information: Parameshwara

PM, BJP spreading misinformation, industries leaving Maharashtra: Karnataka minister Kharge

Siddaramaiah will resign as CM before Belagavi assembly session, claims BJP’s Vijayendra

Related Articles More

Waqf Issue: BJP announces ‘Namma Bhoomi, Namma Hakku’ campaign against Congress govt

Puttur: ‘Lost in the forest’? Man missing for 7 months

Mangaluru: Malali Mosque land dispute – VHP’s petition rejected

All 5 ‘guarantees’ implemented in Karnataka, PM and BJP spreading false information: Parameshwara

Siddaramaiah will resign as CM before Belagavi assembly session, claims BJP’s Vijayendra

MUST WATCH

| ₹50 LAKH SEIZED FROM TIRE |

New Technology In Kambala

Lakshdeepotsava 2024 Shree Krishna Mutt

Punganur Cow

Rangoli design


Latest Additions

‘Batoge to katoge’: 51,000 diyas spell Yogi’s slogan at Varanasi ghat

Waqf Issue: BJP announces ‘Namma Bhoomi, Namma Hakku’ campaign against Congress govt

Centre must immediately restore J-K’s statehood to resolve myriad of issues: Farooq Abdullah

Puttur: ‘Lost in the forest’? Man missing for 7 months

Mangaluru: Malali Mosque land dispute – VHP’s petition rejected

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.