US EditionCoconut Shortage and Palm Ban Threaten Edible Oil Supply - LNW Lanka News Web
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Coconut Shortage and Palm Ban Threaten Edible Oil Supply - LNW Lanka News Web
By: Staff Writer May 25, Colombo (LNW): Sri Lanka is grappling with a deepening crisis in the coconut and palm oil industry, triggered by a severe shortage of coconuts and soaring global palm oil prices sky rocketing edible oil prices. A complete ban on oil palm cultivation as a substitute crop, along with a restriction on oil palm imports, is threatening the industry, potentially leading to a halt in domestic production within the next 3-4 year…
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