Kerala mulls single window facility for plantation sector: Minister Rajeeve
Kerala government will consider setting up a single window facility for plantation sector to get necessary approvals, P.Rajeeve, the State Industries Minister has said.
Speaking at the 83 rd AGM of the Association of Planters of Kerala (APK) here, the Minister said the government is not against plantation sector’s value addition and they should utilise fully the five per cent land allotted to carry out agriculture and other allied activities, including farm tourism. Timely actions are necessary for the diversification of plantations sector.
He urged planters to collectively think over making plantations profitable. The sector should come out with products as per the demand in the new era. Exotic fruit production is a viable opportunity in providing good source of income. If there is any practical difficulty in availing any benefits of the Land Reform Act amendment, the Minister asked planters to approach directly.
Global crude palm oil prices might see an uptick of 8-10%: Experts
Palm crude oil prices, which have seen a huge volatility in the last six months, are expected to go up by 8-10 per cent as the demand for the staple edible oil grows across countries. Ahmad Parveez Ghulam Kadir, Director-General of Malaysian Palm Oil Board (MPOB), told businessline that the prices, which are ruling around 4,000 ringgit a tonne, could go up to 4,300-4,500 ringgit in the next few months.
He attributed the likely uptick in the demand and prices to the upcoming Chinese New Year in January 2023 and Eid in April in the Middle-East, Pakistan, India and in some other countries.
KTR asks veg oil industry to invest in Telangana
Promises to offer tailor-made incentives for those investing in the State
Telangana Industries and IT Minister, KT Rama Rao, has urged the vegetable oil industry to invest in Telangana. “We have targetted to grow oil palm in 20 lakh acres in the next five years. We are also promoting food processing zones. We invite you to invest in Telangana,” he said.
Addressing a global roundtable organised by the Indian Vegetable Oil Producers’ Association (IVPA) in Hyderabad on Friday, he promised to offer tailor-made incentives for those willing to invest in the State.
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