Lack of import boosts demand for domestic arecanut

Lack of import boosts demand for domestic arecanut
By: Agribusiness Posted On: May 22, 2020 View: 13

Lack of import boosts demand for domestic arecanut

The lack of imported stocks in the arecanut consuming markets such as Uttar Pradesh seems to be helping the domestic growers in the country, if the price trend of the commodity during the lockdown period are any indication.

Suresh Bhandary, Managing Director of the Campco (Central Arecanut and Cocoa Marketing and Processing Cooperative) Ltd, told BusinessLine that the new stocks of white arecanut are trading in the range of ₹280 a kg and old stocks ₹310 now.

(In the pre-lockdown market, new stocks of white arecanut closed at ₹267/kg, and old stocks at ₹300.)

He said there is good demand for the white variety of arecanut in the consuming markets such as Uttar Pradesh. In fact, a major portion of these markets were being met by the imported stocks in the pre-lockdown period.

Also read: Campco’s areca procurement price rises above pre-lockdown level

Analysing the market trend scenario during the lockdown period, he said: “It is very clear that the domestic market was getting affected by the imported arecanut in the pre-lockdown period.”

Stating that the lockdown helped stop both legal and illegal import of arecanut to the country, he said the 100 per cent stoppage of import helped improve the domestic market.

Good demand for white arecanut

Ravish Hegde, General Manager of the Sirsi-based TSS (Totagars’ Cooperative Sale Society), also told BusinessLine that there is good demand for white arecanut in Uttar Pradesh market.

Maharashtra and Gujarat are the other two major arecanut-consuming markets. He said the scenario will further improve once the market is opened in these two States. The markets are closed due to the prevailing Covid situation in these two states.

On the red arecanut market, Bhandary said the market is in the range of ₹370-380 a kg, and the arrivals of the commodity are limited.

Stating that the demand is yet to pick up for red arecanut, he said the units manufacturing ‘gutkha’ and ‘paan masala’ are just opening now.

(Red arecanut that is used in the preparation of ‘gutkha’ and ‘paan masala’, and white arecanut in the households in the preparation of ‘paan beeda’ or ‘paan’.)

Published on May 22, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism

  Contact Us

Botawala Chambers , Fort-Mumbai

Tel : + (91) - 8484924178
Mail :
Business Hours : 9:30 - 5:30


Dailyagronews is a dedicated platform for Exclusive Agriculture News , Now stay in touch with latest happenings in Agriculture . This site is a work of team of technocrafts wanted to help the farming community by contributing something helpful to them. Join this unique platform by contributing the agro news , we will be happy to make it viral