Price subsidy

Price subsidy for Karkar copra

Sumkar DDA Chief Executive Officer, Charles Katu presented one cheque each to Biabi Estate and Linguan Company in Madang. Currently Linguan Company is buying copra at K1 per kilogram while others are buying at 80 toea per kilogram on Karkar Island.

Another K150,000 will be presented to Kulili Estate on Karkar Island later.

Mr Katu said the price subsidy was allocated by DDA Chairman and local MP Alexander Suguman to help with price support. Farmers would fetch K2 per kilogram on sales during the festive season.