Now Reading: Telangana seeks Rs 25,000 per tonne assured price for oil palm
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Telangana seeks Rs 25,000 per tonne assured price for oil palm
Telangana Agriculture Minister Tummala Nageswara Rao has demanded an assured price of Rs 25,000 per tonne of Fresh Fruit Bunch (FFB) of oil palm to protect farmers from price volatility. He submitted…
Telangana Agriculture Minister Tummala Nageswara Rao has demanded an assured price of Rs 25,000 per tonne of Fresh Fruit Bunch (FFB) of oil palm to protect farmers from price volatility. He submitted a memorandum to Union Home Minister Amit Shah at the 31st Southern Zonal Council meeting in Mahabalipuram on Thursday.
Rao argued that the long gestation period of oil palm plantations forces farmers to wait years for returns, and a stable price would help recover initial investments. He also sought the support of Andhra Pradesh Chief Minister N Chandrababu Naidu to pressurise the Union government on the issue.
The minister noted that oil palm cultivation is expanding in Telangana and Andhra Pradesh, but prices remain subject to international fluctuations. He urged periodic revisions to account for rising production costs.
Indian Opinion Analysis
Oil palm is a high-investment, long-gestation crop that takes 3-4 years to yield fruit. The Rs 25,000 per tonne demand compares with current market rates that often dip below Rs 20,000, making it unviable for small farmers. The Southern Zonal Council platform lets states coordinate policy, but pricing falls under the Union agriculture ministry's National Mission on Edible Oils-Oil Palm. The next signal to watch is whether the ministry includes this demand in its next price review cycle.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
