Central Arecanut & Coca Marketing & Processing Co-operative Ltd (CAMPCO), the cooperative major in arecanut and coca buying, processing and marketing, is working towards enhancing its coca processing capacity in order to boost chocolate production as well as industrial sales.
The cooperative, which has posted all time high Rs. 60 crore profit and registered another all time high turnover of Rs. 1,540 crore in 2014-15, would add a 3,000 tonne chocolate mixing plant to its existing 8,000 tonne mixing plant, said CAMPCO president Konkodi Padmanabha.
Speaking to presspersons here on Saturday, Mr. Padmanabha said while the cooperative’s area of operation (membership, procurement etc) is confined to Kerala and Karnataka states, it has pan-India presence as far as marketing is concerned. Its chocolate products have a strong presence in southern India, Madhya Pradesh as well as the Himalayan states including Jammu and Kashmir and Uttarakhand, he said.
Spectacular growth
Mr. Padmanabha said the cooperative has witnessed tremendous growth and helped economic stability to growers during the last five years with the active support of the present board of directors.
Prices of arecanut are constantly on the rise, from Rs. 78 and Rs. 93 a kg for white and red arecanut in 2010-11 to Rs. 330 and Rs. 405 respectively, he said.
