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He added that stronger implementation of MIS pricing (Market intervention scheme) will help support the farmer community in case of crop losses incurred through market performance/scenario. This MIS price implementation through government intervention currently happens only at the time of calamities.
OPDPA also wants the government to relax urban land ceiling act which helps to uncover the true potential of the industry. The current policies don’t allow companies to either acquire or lease land beyond an acreage as defined by the urban land ceiling norms. Relaxation of land ceiling norms for oil palm growth, will allow large scale plantation. The benefit of recently announced 100 per cent FDI in Palm Oil can only be realized if ULC is relaxed.
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Posted in: Indian Market Tips
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