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The Times of India

National

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Andhra Pradesh: Oil palm ryots cheer record jump in price

Oil Amaravati Ukraine

AMARAVATI: The Ukraine war is helping oil palm farmers in the state. Palm fruit now costs ₹22,000 per tonne from the previous ₹10,000 per tonne. Edible oil prices continue to soar in open market due to shortage.

The horticulture department is hoping that the current trend will make farmers of upland areas switch to oil palm cultivation. "The oil palm is fetching nearly ₹2-2.5 lakh profit per acre which is unseen in the past," said Ch Janaki Ramaiah, a cultivator from West Godavari district.

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