Latest news with #Supplyco
Time of India
2 days ago
- Business
- Time of India
Coconut oil prices to be reduced in state after discussions with traders
Kochi: Following discussions with oil traders in Kochi on Monday, food and civil supplies minister, G R Anil, announced that coconut oil prices will be reduced in the state. At the meeting held in the presence of industries minister, P Rajeeve, the traders assured that they could bring coconut oil to the market without excessive profit. Govt is trying to prevent price hikes in a way that benefits traders, farmers and consumers alike, minister said. "In connection with Onam, a tender issued by Supplyco will allow traders to participate at lower rates. It is expected that this will help reduce market prices. As the price of coconut oil from Supplyco decreases, it is anticipated that the overall market price will also drop," Anil said. Minister Rajeeve stated that inspections will be intensified to prevent adulterated oil from reaching the market and strict action will be taken. The industries department already took several measures to strengthen Kerala's production of coconut oil. Thirteen companies were awarded the Kerala brand 'Nanma.' The minister also mentioned that all necessary steps were taken to increase domestic production in Kerala. The meeting with industry representatives was convened in response to the rising prices causing significant difficulties for ordinary people. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Around sixty oil traders participated in the meeting held at Ernakulam Guest House. The ministers assured that payments would be made to traders supplying coconut oil to Supplyco at reduced rates within 15 days. Govt's stance is to help people by eliminating various additional costs. Efforts to increase domestic production of coconut oil will be intensified. Discussions will also be held with public sector institutions, including Kerafed, the minister added. The meeting was attended by industries department principal secretary, APM Mohammed Hanish, Supplyco managing director, Ashwathi Srinivas, Kerala tourism additional director (general), P Vishnuraj and coconut oil traders from state.
The Hindu
3 days ago
- Business
- The Hindu
Coconut oil price in Kerala to be brought down: ministers
Minister for Food and Civil Supplies G.R. Anil has said that the price of coconut oil in the State will be brought down. He was speaking after a meeting with industry players here on Monday. Industries Minister P. Rajeeve was present. Traders reportedly agreed to make coconut oil available in the market avoiding excessive profit. The government is making efforts to rein in prices in a manner beneficial to traders, farmers, and customers alike. Coconut oil traders will be allowed to participate in Supplyco's tender for Onam at a lower rate. It is expected that it will help bring down price in the market. A drop in the price of coconut oil at Supplyco is expected to reflect in the entire market. Mr. Rajeeve said that inspections to check adulterated oil would be stepped up, and that stringent action would be taken against the guilty. The Industries department has taken a slew of measures to improve Kerala's productivity in coconut oil. The Kerala brand, ' Nanma,' has been assigned to 13 companies. The Minister said all measures had been taken to increase domestic productivity. Representatives of around 60 companies attended the meeting. The ministers assured payment in 15 days to companies that supplied coconut oil at lower price to Supplyco. The government has adopted a policy of helping the public by cutting down on various expenses. Steps will be intensified to increase domestic production of coconut oil. Discussions will also be held with public sector enterprises, including Kerafed. Industries department Principal Secretary A.P.M. Mohammed Hanish, Supplyco Managing Director Aswathy Sreenivas, and Kerala Tourism Additional Director (General) P. Vishnuraj attended the meeting.
The Hindu
21-07-2025
- Business
- The Hindu
Supplyco to make market intervention to rein in prices during Onam season: Minister G.R. Anil
The Kerala State Civil Supplies Corporation (Supplyco) will make market intervention to ensure adequate supply of rice and coconut oil at reasonable price during this Onam. The decision was taken at a meeting chaired by Food and Civil Supplies Minister G.R. Anil at the Supplyco headquarters in Kochi on Monday (July 21, 2025). All essential items, including subsidised items, were available at the Supplyco outlets, Mr. Anil said, adding that efficient interventions were being made to ensure the availability of all essential items at low prices during the Onam season and to bring down the price of rice. Talks with FCI Direct discussions had been held with the Food Corporation of India (FCI) for procuring rice. Discussions would also be held with the Ministers of Andhra Pradesh, Karnataka, and Tamil Nadu, if need be, the Minister said. Vehicles would be deployed to supply rice and other essential items in the interiors. Food and Civil Supplies Secretary M.G. Rajamanikyam, Supplyco Managing Director Aswathy Sreenivas, and Supplyco managers attended the meeting.
The Hindu
17-07-2025
- Business
- The Hindu
Kerala government sanctions ₹100 crore for paddy procurement
Kerala's Finance department has authorised the release of ₹100 crore towards the subsidy for the procurement of paddy from farmers, Finance Minister K.N. Balagopal has said. The money has been sanctioned to Kerala State Civil Supplies Corporation (Supplyco), which is in charge of the procurement. The ₹100 crore is meant for the subsidy for the paddy procurement in March and April this year (2025). The government had sanctioned ₹185 crore earlier this year for paddy procurement up to February. The State Budget for the 2025-26 fiscal has earmarked ₹606 crore for the purpose. Mr. Balagopal said the State government is ensuring prompt payment of subsidy even though the Centre has run up arrears on the minimum support price. According to him, the Centre's arrears on support price and transportation charges has mounted to nearly ₹1100 crore. Kerala follows a model where the farmers are promptly paid through the paddy receipt sheet (PRS) scheme, without waiting for the Centre to release the support price.
Time of India
12-07-2025
- Business
- Time of India
Kochi corporation expedites measures to eliminate extreme poverty
Kochi: Kochi corporation has decided to expedite measures to eliminate extreme poverty in the city. As part of the initiative, a comprehensive survey conducted by the corporation identified 420 families living in extreme poverty. Many of these families faced issues such as lack of food, essential documents, pensions, medicine, decent housing and employment. "We are moving forward by understanding the problems of each family and individual and developing suitable personalized plans for them. We are on a mission to achieve the targets of the projects, including ensuring food availability. We now deliver food kits to 280 families every month. An allocation of Rs 37,24,100 has been made for 2024-25 fiscal year, with Rs 13,03,899 already spent. Through the Kudumbashree system, Supplyco food grain kits containing 15 items are delivered directly to 75 single-member families and 205 families with more than one member," mayor M Anilkumar said. "For those unable to cook their own meals, the corporation provides cooked food through Kudumbashree. An amount of Rs 9,08,610 was spent for this purpose during 2024-25," Anilkumar said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Binghatti Twilight: Dubai's New Architectural Marvel Binghatti Developers FZE Learn More Undo The corporation allocated Rs 2 lakh each for repair and renovation of homes for eight beneficiaries living in extreme poverty. The first instalment of Rs 1 lakh each was already disbursed. "We identified 39 families without their own house and land. The issues of four families were resolved. An allocation of Rs 1 crore was made to provide houses and land for the remaining 35 families. Discussions with GCDA are ongoing in this regard. If there is a delay in obtaining temporary accommodation, a plan was devised for the corporation to cover the rent for these families. An amount of Rs 9,60,000 was allocated for 10 families. "This is just the beginning. The corporation is moving forward with comprehensive plans to liberate each family from extreme poverty. Our goal is to ensure that no citizen in our city suffers from lack of basic needs. We hope for public cooperation and support in this mission," mayor said.
