Agri Minister pleads with coconut farmers threatening to take legal action
Agriculture Minister Karl Samuda has called for members of the Coconut Industry Board to act in the nation’s best interest.
The call, by the minister, was directed at coconut farmers who have threatened to take legal action to block any attempts by the government to divest the board’s shares in Seprod.
The government has insisted that it owns 163 million shares in Seprod through the Coconut Industry Board and wants to divest 122 million or approximately 75 per cent of those shares valued at $2.2 billion.
Some board members are, however, maintaining that the shares are owned by the farmers.
Speaking at today’s annual general meeting of the board, Samuda urged those members to consider how they could assist the government and their country.
He assured farmers that his government would do nothing to hurt the industry or lessen its potential.