Trade and markets
 

Detail

Area
Sri Lanka
Commodity Group
Oilseeds, oils and meals
Commodity
Oil palm
Date
01/11/2017
Policy Category
Production
Policy Instrument
Sector development measures
Description
Envisaged an expansion in the country\'s land cultivated with oil palm.
Notes
Attracted by growing international demand for palm oil, Sri Lankan plantation companies are planning to expand the country’s area under oil palm cultivation and are calling for increased public support to do so. Reportedly, the central Government envisages total cultivated area to reach 20 000 hectares, compared to 8 500 hectares at present. However, industry experts pointed out that plantation companies face resistance at the local government and provincial council level.