header logo
Asia asset finance
Latest
President orders immediate ban on import of Palm oil
Apr 05, 202105:45 PM
President orders immediate ban on import of Palm oil

President Gotabaya Rajapaksa has ordered the importation of Palm Oil into Sri Lanka to be halted with immediate effect.

 

Secretary to the President P. B. Jayasundera has advised the Controller-General of the Department of Imports and Exports Control to issue the relevant gazette order to give effect to these instructions within today (April 05).

 

Further, the Director-General of Customs has been advised to refrain from clearing palm oil cargos at the Department of Customs.

 

Concurrently, the cultivation of oil palm (Katu Pol) will be completely banned, President’s Media Division stated. Orders have been issued under the relevant laws enforcing the advice given by the President to ban the cultivation of oil palm completely.

 

Over six months ago, the President instructed to gradually ban the cultivation of oil palm in Sri Lanka.
 
Furthermore, companies and entities which have oil palm cultivations shall be required to remove them in a phased out manner with 10% uprooting at a time and replace it with the cultivation of rubber or environmentally-friendly crops each year to free Sri Lanka from oil palm plantation and palm oil consumption.

 

When this is fully operational, the government intends to stop the cultivation of oil palm and the consumption of palm oil completely, President’s Media Division stated.

 

 

 

 

MostRead
Mobitel 5g
VideoStories
“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Executive undermining judicial independence” Sajith says public trust on government is eroding

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

“Family & legal intervention made hospitalization possible”Suresh Sallay remains under hospital care

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Satyagraha campaigned launched at Colombo Fort in support of Suresh Sallay who is detrained by CID

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

Farmers decry lack of fertilizer stocks; Fertilizer for Yala season already disbursed, Minister says

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

First graduation ceremony of Mogo Media Academy held in Colombo; 115 students awarded certificates

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

“Global & domestic pressure may challenge future stability" Steps announced to tackle rising risks

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Former MP Udaya Gammanpila claims Suresh Sallay on hunger strike in CID custody

Govt assures fair paddy prices aligned with farmers' production costs

Govt assures fair paddy prices aligned with farmers' production costs

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Schools must serve as safe and secure spaces for children -PM Harini Amarasuriya

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Lassana Flora