APK ask govt tto reduce lease rental on plantations
The Association of Planters of Kerala (APK) has asked the government to support the recession-hit plantation sector by reducing the lease rental on plantations.
By ET Bureau |
KOCHI: The Association of Planters of Kerala (APK) has asked the government to support the recession-hit plantation sector by reducing the lease rental on plantations.
The state budget has, in the current year, proposed a sharp increase in the lease rental for plantations from an average rate of Rs 10 to 20 per acre to Rs 1300 per acre per year.
APK, has in a statement, pointed out that plantation sector is facing a fall in commodity prices. The rubber prices have fallen by almost 52 % from the September 2008 level of Rs 135 per kg. The tyre industry, which consumes 60 % of the rubber produced, has cut production by 15 to 25 %. The plantation sector is in a state of disarray.
The lease rental hike has come in this context, APK statement said. The Government is remaining ���blind to the issues��� and is not offering a ���helping hand��� to the sector, the APK spokesmen said.
The state budget has, in the current year, proposed a sharp increase in the lease rental for plantations from an average rate of Rs 10 to 20 per acre to Rs 1300 per acre per year.
APK, has in a statement, pointed out that plantation sector is facing a fall in commodity prices. The rubber prices have fallen by almost 52 % from the September 2008 level of Rs 135 per kg. The tyre industry, which consumes 60 % of the rubber produced, has cut production by 15 to 25 %. The plantation sector is in a state of disarray.
The lease rental hike has come in this context, APK statement said. The Government is remaining ���blind to the issues��� and is not offering a ���helping hand��� to the sector, the APK spokesmen said.
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