"Palm oil transforms economic landscape". Business Times. Archived from the original on 12 November 2012. Retrieved 30 January 2013.
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.
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.
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.