What does the hike on MIP for arecanut mean for the stakeholders?

There has been over 100 per cent growth in the import of arecanut, both in terms of quantity and value, during the current financial year, the Centre told the Lok Sabha on Wednesday. Considering the increase in the import of arecanut and the cost of cultivation, the cooperatives in the arecanut sector, including the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd, were seeking an increase in the MIP. Eventually, the Centre has increased the minimum price (MIP) for the import of arecanut by ₹100 a kg.  Kishore Kumar Kodgi, President of Campco, shared his reponse to the order with A J Vinayak. Listen in! Read the full story here. Tune in to BL Podcast for more such stories. ------ businessline Podcast is a daily series of podcasts from The Hindu businessline newspaper. In this series, we take a look at news that matter from around the world and stories to provide quick, critical analysis. Our reporters, analysts and experts provide context to help you understand what happened, why is it important and how it impacts you. Listen in as we decode a wide range of topics from politics, policy, Indian economy and the world of business. --- Send in a voice message: https://podcasters.spotify.com/pod/show/business-line/message