Last Updated : 17 September 2011 at 13:30 IST
CAMPCO advice Areca nut farmerís to boost cooperative institution
The areca nut farmers have been strongly advised by Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) to sell the commodity to cooperative institutions.
- Precious, base metals may trade lower on strong dollar, rise in risk aversion
- Crude oil prices are expected to trade on the positive note on the back of expectation of decline in US crude oil inventories from API along with ongoing unrest in Middle East.
- read more
As per April 25 reports, Norilsk Nickel has announced that it is closing its Lake Johnston operat..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
BANGALORE (Commodity Online): The areca nut farmers have been strongly advised by Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) to sell the commodity to cooperative institutions.
The growers have a trend of selling the commodity to private traders who offers little higher price than the cooperatives.
According to Mr K. Padmanabha, President, CAMPCO, the private traders, who wants to fake tax, buy commodities directly from the farmers by offering little higher price than the cooperative, Speaking at the 37th annual general meeting of CAMPCO . He advised farmers that they sell their commodities to cooperatives, as private traders do not come for help at time of market crash, but the cooperatives rush towards them for help. As per a report in The Business Line
“Cooperative did not expect such a rainfall this year. However, he assured them that steps will be taken to increase the supply of fungicide to growers” he added
The Central Arecanut and Cocoa Marketing and Processing Co-operative Limited or CAMPCO was found on 11 July 1973 at Mangalore. The organisation working on principles of co-operative was found to migitate the sufferings of areca nut and cocoa growers in Indian states of Karnataka and Kerala.
- 'India-China bilateral FTA: Difficult, but not impossible'
- MCX Natural Gas sideways to negative; support 223 and 220
- MCX Copper positive amid fall in China imports; Lead positive, Nickel trend unclear
- LME Zinc surplus may ease in the next couple of quarters: Barclays
- MCX Gold sideways to bullish; resistance 26400
- Global Aluminium surplus in 2013 expected at 1mn ton: Barclays