Customs authorities to monitor imports under FTAs to curb duty evasion
Customs authorities would be closely watching imports of these products coming from countries with which India has FTAs, from September 21, officials in the finance ministry said, in order to curb evasion of custom duty and rampant misuse of such agreements that was hurting domestic industry.
Arecanut output expected to drop due to heavy rains, illegal imports
“We expect 35 per cent shortfall in the crop. Rains have led to disease of the nuts,” said M Suresh Bhandary, MD of Mangalore-based Campco.
Demand from pan masala makers raises arecanut prices
Prices fell 7-14% for different varieties from the pre-demonetisation levels, as major buyers reduced purchase of arecanut.
Arecanut prices feel the pinch of fall in pan sales
Price of the white variety of arecanut has fallen by around 14% to Rs 250 per kg while that of the red variety has declined 7% to Rs 270 per kg.
Supply crunch, import curbs up Arecanut prices
The Centre had hiked the minimum import price of arecanut to Rs 162 per kg from Rs 110 per kg early this month to protect the local growers from imports.
Government hikes minimum import price on arecanuts to discourage inbound shipments
The government today said it has increased the minimum import price on arecanuts by Rs 52 to Rs 162 per kg.
Ban on loose cigarette sale: Health Minister JP Nadda urged to resolve issues
The proposal of banning the sale of loose cigarettes is likely to be put on the backburner as some Ministers have urged Health Minister JP Nadda not to take any hasty step till issues, including those concerned to farmers, are resolved.
Duty hike does not impact fall of Arecanut prices
“The consumer base using arecanut is so large that duty increase will not affect the demand.
Arecanut prices rise despite ban on gutka in many states
The fear of arecanut (supari) growers that the consumption will slump with the enforcement of a ban on gutka in most states in the country has proved to be unwarranted.
Kerala turns to rubber for better farm returns, switches from arecanut, coconut
Supply of palm fronds, a staple for elephants, drops as farmers clear out arecanut, coconut plantations for rubber estates.
Cheap import, Gutka ban may drag areca prices
Directorate of Arecanut and Spices Development data show that output has dropped 5% to 5,29,097 tonne mainly due to a 20% fall in production in Kerala.
Gutka ban will hit arecanut farmers hard, revoke it: BJP
BJP in Karnataka demanded immediate withdrawal of Government notification banning gutka, asserting that it would hit arecanut growers of the state.
Arecanut prices stabilise on import tariff, duty hike; neutralise impact of ban on gutkha
Raising the import duty and fixing minimum tariff for imports for arecanuts have neutralised the impact of a ban on gutkha in 14 states in India.
Arecanut shortage forces gutka makers to hike prices
A sharp increase in arecanut prices has forced pan masala and gutka companies to raise prices at a time when they are facing a threat of ban on these products.
Rising imports hit arecanut prices and demand
Arecanut prices have been hit by the escalating imports.
MCX launches futures trading in red arecanut
Multi Commodity Exchange today launched futures trading in arecanut (red variety), used widely in the preparation of pan masala and gutkha.
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