Govt. to pay ₹600 more per tonne for oil palm farmers

The State government has come forward to spend ₹80 crore to ensure remunerative prices for oil palm farmers. The State government has decided to ensure that the farmers of Andhra Pradesh get the same price for the produce as their Telangana counterparts.

Chief Minister Y.S.Jagan Mohan Reddy reviewed the prices of fresh fruit bunches and its cost of production with Horticulture Department officials at the Secretariat on Tuesday.

The price is paid to the farmer depended on the Oil Extraction Rate (OER).While Telangana oil palm farmers were getting an OER of 18.96% the AP farmer were able to get only 17.22%. This was result in a price difference of ₹600 per tonne of fresh fruit bunches.

The farmers have been asking the State government to compensate for the difference to make the oil palm farming remunerative. The Jagan Mohan Reddy government has come forward to cover the difference of ₹600 per tonne. This would cost the government exchequer ₹80 crore per annum.

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Printable version | Nov 22, 2020 8:04:44 AM |

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