Will Telangana become a major player in oil palm production?
The government aims to bring more farmers into oil palm cultivation and reduce dependency on imported palm oil. With increased irrigation potential and crop diversification efforts, Telangana is poised to become a major player in oil palm production.
Why is oil palm price rising in Telangana?
Hyderabad: The price of oil palm fresh fruit bunches (FFB) in Telangana has seen a significant increase, reaching Rs.17,043 per tonne. This hike follows the Centre¡¯s recent decision to raise the import duty on non-refined palm oil from 5.5% to 27.5%, the results of which have been welcomed by oil palm farmers as a Dasara bonanza.
How a higher import duty is affecting the price of oil palms?
The higher import duty has led to a rise in domestic prices, making it more profitable for farmers to sell their produce. Hyderabad: The price of oil palm fresh fruit bunches (FFB) in Telangana has seen a significant increase, reaching Rs.17,043 per tonne.
Why is the import duty on non-refined palm oil a ‘Dasara Bonanza’?
This hike follows the Centre¡¯s recent decision to raise the import duty on non-refined palm oil from 5.5% to 27.5%, the results of which have been welcomed by oil palm farmers as a Dasara bonanza. The price increase is the result of two years of campaigning by organizations advocating for fair prices for oil palm farmers.