Coconut oil prices to be reduced in state after discussions with traders
At the meeting held in the presence of industries minister, P Rajeeve, the traders assured that they could bring coconut oil to the market without excessive profit.
Govt is trying to prevent price hikes in a way that benefits traders, farmers and consumers alike, minister said.
"In connection with Onam, a tender issued by Supplyco will allow traders to participate at lower rates. It is expected that this will help reduce market prices. As the price of coconut oil from Supplyco decreases, it is anticipated that the overall market price will also drop," Anil said.
Minister Rajeeve stated that inspections will be intensified to prevent adulterated oil from reaching the market and strict action will be taken.
The industries department already took several measures to strengthen Kerala's production of coconut oil. Thirteen companies were awarded the Kerala brand 'Nanma.' The minister also mentioned that all necessary steps were taken to increase domestic production in Kerala.
The meeting with industry representatives was convened in response to the rising prices causing significant difficulties for ordinary people.
by Taboola
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Around sixty oil traders participated in the meeting held at Ernakulam Guest House. The ministers assured that payments would be made to traders supplying coconut oil to Supplyco at reduced rates within 15 days.
Govt's stance is to help people by eliminating various additional costs. Efforts to increase domestic production of coconut oil will be intensified. Discussions will also be held with public sector institutions, including Kerafed, the minister added.
The meeting was attended by industries department principal secretary, APM Mohammed Hanish, Supplyco managing director, Ashwathi Srinivas, Kerala tourism additional director (general), P Vishnuraj and coconut oil traders from state.
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