Costa Rica: Palm farmers protest decrease in tariff
The reduction from 30% to 15% in the price of palm oil by decree has caused a face off between farmers and the government.
Wednesday, January 14, 2009
Nacion.com reports: "Alice Pineda, executive director of the National Chamber of Palm Farmers (Canapalma), explained that they were in negotiations with the Government when, surprisingly, they learnt of reduction by decree.
As with other forms of alternative energy, high oil prices in the past boosted investment in oil palm plantations as a basis for the manufacture of biodiesel.
Drought in Southeast Asia is creating opportunities to export more palm oil to Europe, where the entry of the product is duty free because of the Association Agreement with Central America.
Palm oil plantation areas in the country are increasing at an average rate of 8,000 hectares per year.
With an annual production of 350,000 tons of palm oil, only Colombia, Ecuador and Honduras produce more than Guatemala.
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