The Federation of Karnataka State Farmers’ Association has complained that the concessions extended to import of raw silk and palm oil have hit the indigenous sericulture and coconut farmers hard.
Addressing a press conference here on Tuesday, federation president Kurubur Shanthakumar said the local farmers were suffering on account of a collapse in the prices of cocoons and coconuts in view of the concessions extended to import of silk from China and palm oil from Malaysia.
He blamed the World Trade Organisation (WTO) treaty – to which India is also a signatory – for the suffering on the local farmers.
