The city-based Central Arecanut and Cocoa Marketing and Processing Co-operative (CAMPCO) Limited has achieved a record turnover of Rs 1,600 crore and registered a net profit of Rs 26.22 crore during 2016-17, its president S R Satish Chandra has said.
CAMPCO had ventured into pepper procurement and marketing by entering into a Memorandum of Understanding with Indian Institute of Spices Research (IISR), Kozhikode under the Indian Council for Agricultural Research (ICAR), he told reporters here yesterday.
It had bought 38.04 tonnes of pepper worth Rs 2.2 crore. The entire black and white pepper was being cleaned, graded, and packed at IISR facility before being sold under CAMPCO brand, he said.
The annual general meeting of the co-operative is scheduled to be on September 23, he said adding that the director board had recommended a dividend of 10 per cent to its members.
Satish Chandra said the then Union Commerce Minister Nirmala Sitharaman's gesture in increasing the minimum tariff price of imported arecanut from Rs 162 per kg to Rs 251 on CAMPCO's request had helped the farmers community in getting good price for their produce.
The co-operative had been striving hard to maintain a stable market for arecanut even as the total production from its chocolate factory had touched 13,328.15 tonnes, he said.
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