Daijiworld Media Network – Mangaluru (MS)

Mangaluru, Mar 18: Local arecanut prices have witnessed a sudden surge, providing a double boon to the arecanut growers in Dakshina Kannada. This increase comes in conjunction with the recently imposed minimum import price on imported arecanut, further bolstering the interests of local farmers.

To safeguard the interests of local farmers, cooperative societies representing arecanut growers in the state had been advocating for a hike in the price of imported arecanut from countries like Myanmar and Indonesia. Responding to these demands, the government raised the price from Rs 251 to Rs 351.

While the production of arecanut experienced a lull towards the end of February and beginning of March, the current week has seen a surge in yield accompanied by rising prices. Traditionally, arecanut prices tend to decline in March as farmers utilize their earnings to settle loans, invest in infrastructure such as wells, and participate in family ceremonies. However, this year marks a departure from the norm, with farmers experiencing favourable prices in March.

Yogesh Bhat from Panemangalore remarked, 'March typically sees a decline in arecanut prices as farmers attend to various financial obligations and family events. Higher prices are usually observed from June to October or November. However, this year, we are witnessing good prices in March.'

Arecanut prices have soared to Rs 340 per kilogram, despite a slight dip at the beginning of March. Prior to February, prices had reached Rs 420 per kilogram.

Trader Amrit noted, “The sudden spike in arecanut prices, possibly influenced by the upcoming Lok Sabha elections, is unprecedented. While an Rs 10 increase in price within a week is remarkable, it bodes well for the farmers.”

H Sudhakar, the managing director of CAMPCO, expressed concerns about the impact of arecanut imports from Myanmar on local farmers, particularly when done illegally.

Mahesh Puchappady, secretary of the All India Arecanut Growers’ Association, highlighted the detrimental effect of arecanut imports on Indian produce quality. He cautioned against agreements between big companies and Myanmar, which could result in the supply of over 200 tonnes of arecanut per month, posing a significant threat to local farmers.