MARKET DEVELOPMENT
Mizoram Hikes Oil Palm Price to Rs.5.50 per K
Mizoram Hikes Oil Palm Price to Rs.5.50 per K
30/05/2014 (Mizo News) - The market price of Fresh Fruit Bunch, the fruit of oil palm, has been hiked to Rs. 5.50 per kilogram.
Oil Palm Price Fixation Committee under Mizoram Government which held a meeting yesterday at Agriculture Department Committee room here decided the hike – from current price Rs.4.75/Kg to Rs.5.50 per kg.
The new price will be the collection center rate, said the Committee.
“Companies will buy from the Collection Center only, and not directly from the cultivators. The new rate shall be followed in all parts of the State,” it said.
The committee also fixed the limit of Oil Palm seedlings distribution for this year.
It also decided to inaugurate Oil Palm Mill at Bukvannei in Kolasib District within next month i.e. June 2014.
The meeting was chaired by Principal SecretaryLalramthanga.
Oil Palm Price Fixation Committee under Mizoram Government which held a meeting yesterday at Agriculture Department Committee room here decided the hike – from current price Rs.4.75/Kg to Rs.5.50 per kg.
The new price will be the collection center rate, said the Committee.
“Companies will buy from the Collection Center only, and not directly from the cultivators. The new rate shall be followed in all parts of the State,” it said.
The committee also fixed the limit of Oil Palm seedlings distribution for this year.
It also decided to inaugurate Oil Palm Mill at Bukvannei in Kolasib District within next month i.e. June 2014.
The meeting was chaired by Principal SecretaryLalramthanga.