Financial Daily from THE HINDU group of publications
Saturday, Jul 19, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Agri-Biz & Commodities - Plantations


Campco to resume arecanut shipments to Pakistan

M. Raghuram

The Karachi-based Agar International has signed a contract to buy 2,000 tonnes of white arecanut.

Mangalore , July 18

THE Central Arecanut and Cocoa Marketing and Processing Co-operative Ltd (Campco) will resume the export of arecanut to Pakistan with a total consignment of 2,000 tonnes beginning with an initial load of 500 tonnes in August.

After a lull of areca trade for two years after the Kargil impasse, trade with Pakistan is looking up following improvements in bilateral relations. The President of Campco, Mr B. Nagaraja Shetty, who had participated in the Indo-Pak Chambers of Commerce trade conference at Delhi recently is back with a contract with the Pakistani importer Agar International based at Karachi for 2,000 tonnes of white variety of arecanut which is endemic to Dakshina Kannada and northern Kerala.

Campco and Agar International have already formalised the trade through an agreement signed last week.

The total business is valued at Rs 16 crore according to Mr Shetty, who spoke to Business Line here on Friday.

Mr Shetty, who had been to Pakistan before the Kargil confrontation, said the white variety areca was a hot favourite of pan chewers. Quoting from the estimates of consumption in Pakistan, Mr Shetty said Pakistan uses over one lakh tonnes of arecanut annually and Campco was foraying into that market with hopes of increasing its export.

Mr Shetty is sure that if the most favoured nation (MFN) status is given to India areca trade would increase substantially. Despite the absence of such a status the areca trade had not suffered, he said.

He said there were indications that Pakistan would be bringing down import duty on arecanut especially from the country from the existing 25 per cent.

Article E-Mail :: Comment :: Syndication

Stories in this Section
PSBs welcome rate cap on crop loans


Widespread rains may boost fertiliser offtake — But Q1 figures tell a different tale
Campco to resume arecanut shipments to Pakistan
Rubber prices rule static
Hatsun sues Tirupur dairy co for trademark infringement
Conventional breeding — Icrisat plans biotech-aided crop improvement group
SBI, UNIDO project for coir industry inaugurated
Solvent extractors seek hike in edible oil duty differential
AP tobacco crop size fixed at 111.24 mkg
Do away with MSP for tobacco, say growers


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line