Being an agricultural nation essentially a lot of importance and stress is laid in the various sectors of the industry. In fact, the broader base of agriculture is divided into various sectors in the commodities exchange. One such sector is termed as plantations. Within this, the three primary plantations largely traded are:
Arecanut is considered to be the prime commercial crop in this country. Basically this the arecanut palm grows out of this seed. Arecanut comprises of two types being:
Both the varieties are primarily used in what is known as the Ghutka industry, as well as for religious, social and cultural functions. It is also known for its medicinal value as is utilized as an ingredient in Ayurvedic and veterinary remedial mixtures. According to estimates rendered by the experts, about 10 Million people are employed in the arecanut in this country.
Cashew kernels are number three in the world of edible tree nuts. Cashew trade picked up momentum somewhere in the middle of the 20th century. The cashew is traded in varied grades that are determined by the size, color and other defined quality parameters. India is ranked as the largest exporter, producer and processor of cashew, in the world.
Natural Rubber is generally processed and sold in the following forms:
-Preserved Latex Concentrates
However in India rubber is classified as:
India is known to produce an estimated 6 to 7 Lakh tons of rubber, per annum.