- Oil palm price hike brings relief to farmers in Telangana
- Minister Tummala Nageswara Rao on oil palm cultivation growth
Hyderabad, April 2: The price of oil palm kernels has increased, bringing relief to farmers. The rate has risen from Rs. 21,546 per tonne to Rs. 23,005 per tonne. This marks an increase of Rs. 1,459, which is seen as a positive development for growers.
Telangana Agriculture Minister Tummala Nageswara Rao expressed happiness over the oil palm price hike. He said the increase would benefit farmers financially. According to him, the higher price will improve returns and support farm incomes.
Meanwhile, the minister said the government has already taken steps to make oil palm cultivation more profitable. These measures include providing free seedlings to farmers. The government is also offering modern drip irrigation facilities. In addition, it is setting up processing units to ensure faster movement of produce.
Therefore, the government aims to support farmers at multiple levels. It is focusing on both production and marketing aspects. These efforts are expected to strengthen the oil palm sector in the state. The minister highlighted that such initiatives help farmers reduce costs and increase output.
He also said oil palm is a crop that offers stable income over the long term. The recent price increase, he added, will boost farmer confidence. It may also encourage more farmers to take up oil palm cultivation in the coming seasons.
Later, the minister urged farmers to make use of government support. He called on them to benefit from subsidies and technical advice provided by the state. These steps, he said, will help expand oil palm cultivation further.
The development comes as a positive signal for the farming community. Higher prices and government support together are expected to improve the overall outlook for oil palm farmers.
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