Sri Lanka may revise midnight gazette banning palm oil: Minister
ECONOMYNEXT – Sri Lanka may revise a midnight gazette banning the import of palm oil issued on April 06, cabinet spokesman Minister Keheliya Rambukwelle said.
President’s Secretary P B Jayasundera had order the Controller General of the Department of Imports and Exports Control ban palm imports, the government said Monday.
Palm oil companies would also be required to uproot oil palm trees in stages so that both consumption and growing of palm oil would be halted,.
“We also have various opinions regarding the gazette issued so most likely there will be certain changes made to the gazette,” Minister Rambukwelle said Tuesday.
The aim of the government was “to free Sri Lanka from oil palm plantation and palm oil consumption” the statement said.
Among the publicly listed firms which have palm oil are Watawala, Namunukula, Elpitiya and Agalawatte. (Colombo/Apr07/2021)