Central Arecanut and Cocoa Marketing and Processing Cooperative (CAMPCO) Ltd. has procured 31,918 quintals of white arecanut at Rs. 75 a kg from farmers under the market intervention scheme (MIS) of the Government.
It was procured between February 16 and June 30 from 14,085 farmers from Dakshina Kannada, Udupi and Uttara Kannada districts, according to a release.
The Government had fixed June 30 as the last date for procuring the white arecanut under MIS. The value of the arecanut purchased is Rs. 24.64 crore.
Of this, the Government had so far released Rs. 14 crore to CAMPCO.
The balance procurement cost of Rs. 10.65 crore is yet to be reimbursed.
June 30 was the last day for procurement under MIS of the Goverrnment