The commodity shortage coupled with the curb on illegal imports could be a reason for the new stocks to open at this price, says a grower.
The procurement season for white arecanut has begun positively with the major arecanut cooperative – Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd – quoting a maximum of ₹425 a kg for new arrivals on Monday. During the same time a year ago, new arrivals of white arecanut got a maximum of around ₹360-365 a kg. Campco quoted a maximum of ₹500 a kg for old stocks of white arecanut on Monday.
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