Current Affairs - Business - Discussion

The Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd. (Campco) is to enter into coconut processing and marketing. This sudden move of Campco is to help farmers to get better prices for coconuts. Campco president S.R.Satishchandra said that the cooperative has expanded to coconut, as it is committed to better the economic stability of farmers. He also said that Campco has recorded an all-time high turnover of Rs.1,742 crore in 2017-18 and added that the net profit was Rs.41 crore. In 2018, Campco purchased areca nut worth Rs.1,452.92 crore, cocoa at Rs.₹55.75 crore and rubber at Rs.48.87 crore.