Business News of Monday, 26 October 2009

Source: GNA

BABBSA appeals to government to fix price for palm fruits

Benso (W/R), Oct 26, GNA - Mr Fiifi Ampong, Secretary and Public Relations Officer of the Benso, Adum Banso, Benso Oil Palm Plantation (BOPP) Smallholders' Association (BABBSA), has appealed to the government to establish a board to fix the price for palm fruits.

Speaking at BABBSA's Annual General Meeting on Saturday he said this would enable farmers to get what is due them financially. Mr Ampong said there was no standard price for palm fruits and companies bought fruits at different prices and sometimes at a loss to farmers who have invested so much into growing the fruits.

He said the board should be tasked to review the price of palm fruits annually to bring it in line with the international price of the commodity. Mr Ampong also appealed to the government to subsidize the price of fertilizers to enable farmers to increase their yield.