Telangana Minister Seeks ₹15,000 Per Tonne Price for Palm Oil from Centre

Hyderabad: Agriculture minister Tummala Nageswara Rao met Union agriculture minister Shivraj Singh Chouhan with a plea to set the price per tonne of palm oil at `15,000, and establishment of a regional coconut development board in Bhadradri Kothagudem district.

In a release, the ministry informed that said that Nageswara Rao laso sought the setting up of a centre of excellence for tribal welfare and organic farming in Aswaraopeta. Chouhan was in the state to inspect crop damage due to the recent heavy rain.

Nageswara Rao said the price of oil palm had fallen from `20,000 per tonne owing to removal of custom duty to `12,000. This price was not remunerative for farmers.