Ktk to regulate cultivation, production,processing of oil palm

Image
Press Trust of India Bangalore
Last Updated : Jul 31 2013 | 3:45 PM IST
A bill to provide for the regulation of cultivation, production and processing of oil palm and related matters was passed in the Karnataka Legislative Assembly today providing for constitution of a price fixation committee, among other things.
Piloting The Karnataka Oil Palm (Regulation of Cultivation, Production and Processing) Bill, 2013, Minister for Agriculture Marketing and Horticulture Shamanoor Shivashankarappa said since fresh fruit bunches of oil palm have to be processed within 24 hours of plucking to extract oil, a close coordination between the grower and processor is necessary.
The bill provides for assuring the grower sale of his produce and payment for sale of such produce, constitution of a project management team to take measures regarding development of oil palm cultivation through implementation of programme of oil palm development, and a price fixation committee to ensure the grower reasonable price for oil palm fresh fruit bunches.
It also provides for appointment of Oil Palm Commissioner to coordinate activities of oil palm growers and the industries engaged in processing oil palm, and declaration of factory zone for the purpose of ensuring regular supply of fresh oil palm fruit bunches to the factory situated in the zone.
In addition to registration of oil palm growers,the bill provides for payment of compensation to oil palm growers by entrepreneur on account of failure to buy oil palm fresh fruit bunches by the entrepreneur or occupier of factory.
It was noted that in order to meet the growing demand for edible oils, oil palm was identified as a suitable crop for cultivation in the country in view of its high oil yielding capacity.
Karnataka is one of the states wherein the oil palm project has been taken up with the Government of India assistance.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 31 2013 | 3:45 PM IST

Next Story