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Telangana for hike in oil palm import duty

Telangana for hike in oil palm import duty

Time of India16 hours ago
HYDERABAD: To bring the issues of domestic oil palm farmers to the attention of Centre due to low import duties, agriculture minister Tummala Nageswara Rao has initiated an effort to mobilise southern and northeastern states.
As part of this, Tummala held consultations with agriculture ministers of Andhra Pradesh, Tamil Nadu, Kerala and Karnataka. He also reached out to his counterparts in north-eastern states of Arunachal Pradesh, Assam, Mizoram, Nagaland and Tripura, seeking a collective effort to press the Centre to hike import duty. He said that the reduced import duty on crude palm oil has led to increase in cheap imported oil entering India, which helped millers and retailers at the expense of farmers.
He said that if necessary the southern states' agriculture ministers should travel to Delhi to meet directly with central ministers to demand changes in policies favourable to oil palm farmers.
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In his letter, he demanded that the Centre increase the customs duty on crude palm oil imports back to 44%. He also sought a MGP of Rs 25,000 per metric ton for oil palm.
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