Tariff adjustments to palm oil proposed
The Coconut Growers' Association has proposed to the Government that
tariff adjustments to palm oil should be linked to a pricing policy
acceptable to the growers and it should be triggered through the
Plantation Industries Ministry.
President Coconut Growers' Association Parakrama Jayatilake told the
Daily News Business. He pointed out that usage of palm oil may be
force down farm gate prices but such action cannot effectively
counterbalance the ever increasing cost of other commodities included in
the COL basket of commodities.
He said it is necessary to prevent exploitation of tariff adjustments
by palm oil importers by regulating the quantities that can be imported.
He has proposed that an inventory should be made of all palm oil
storage facilities in the country and to monitor and regulate quantities
held in stock.
Jayatilake also proposed that the fund collected for the development
of the industry should equitably distributed with active participation
of coconut growers.
The association representatives have met the authorities and have
requested to formulate a policy to safeguard the future of the coconut
industry and make this policy known to the growers. The association
believes that sustainable coconut production calls for not only short
term inputs but calls for stability in the industry.
"There are 700,000 coconut holdings in the country and eighty seven
per cent of these are less than 20 acres. This impacts on 3.5 million
people who are fully or partly dependent on coconut cultivation,