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Sri Lanka to call bids to extract oleoresin from state pine forests

ECONOMYNEXT – Sri Lanka will call competitive bids to extract oleoresin from 6,200 hectares of re-forested pine coming under two government agencies, the state information office said.

The re-forested pine plantations come under the Land Reform Commission and the Department of Forests.

The cabinet of ministers had approved a proposal to call for competitive bids to extract oleoresin.

Sri Lanka planted several species of exotic tree species including pine on grassy slopes mostly in the hill country where native species were not taking hold.

These include pinus caribaea from which oleoresins such as turpentine could be extracted.

However selective felling of pine trees have allowed native trees to flourish with thick forested areas coming up in two decades. (Colombo/June20/2020)

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