Browsing Tag

Oil Palm

Plantations with oil palm plunge after uprooting directive

Editor_1 Apr 6, 2021 0

COLOMBO - Sri Lanka’s plantations stocks plunged after President Gotabaya Rajapaksa said they would be required to uproot oil palm from the fields in stages and said imports of palm oil was banned effective April 6, while coconut plantation…
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Sri Lanka

President bans palm oil imports, plantations to uproot oil palm

Editor_1 Apr 5, 2021 0

COLOMBO – Sri Lanka’s President Gotabaya Rajapaksa has banned the import of palm oil and plantations companies have been instructed to uproot oil palm trees 10% at a time and plant rubber in their place. The President’s Office in a…
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Business

Sri Lanka plantations sitting on Rs 300m in oil palm seedlings amid ban

Editor_1 Sep 19, 2020 0

COLOMBO – Sri Lanka’s large commercial plantations companies are sitting on imported oil palm plants worth Rs 300 million that cannot be planted due to a ban imposed by the State. Though Sri Lanka had been planting oil palm for over 50…
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