Central Arecanut & Coca Marketing & Processing Co-operative (CAMPCO), the cooperative major in arecanut and coca buying, is planning to ramp up its coca processing capacity in order to boost chocolate production and industrial sales, reports Hindu.
The cooperative has netted Rs. 60 crore profit and a turnover of Rs. 1,540 crore in 2014-15. The Campco would add a 3,000 tonne chocolate mixing plant to its existing 8,000 tonne mixing plant, said its president Konkodi Padmanabha.
Addressing journalists Mr. Padmanabha said the cooperative’ is expanding operations throughout the country through marketing its products across MP and the Himalayan states including Jammu and Kashmir and Uttarakhand.
Prices of arecanut have recently been on the rise, from Rs. 78 and Rs. 93 a kg and red arecanut in 2010-11 to Rs. 330 and Rs. 405 respectively, Padmanabha said.