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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » GOVT DECIDES TO STOP PALM OIL CULTIVATION

GOVT DECIDES TO STOP PALM OIL CULTIVATION

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1GOVT DECIDES TO STOP PALM OIL CULTIVATION Empty GOVT DECIDES TO STOP PALM OIL CULTIVATION Sat Aug 22, 2020 10:07 am

samaritan


Moderator
Moderator

President has firmly said "NO" to cultivation of oil palm in Sri Lanka. It will be stopped completely President added.
The plantations involved in palm oil cultivation is due to incur huge losses owing to the large amount of oil palm plants maturing in nurseries over 3 years, which could result in a loss of a staggering 500 Million rupees.
(source: 'Mirror Business of 21st Aug'20)

However, in my opinion the move benefits the preservation of Environment for the future generation as the negative impacts are so severe 

What would be the impact to Companies linked to cultivation of oil palm?????

If it was the former regime they may have oiled the palms, now that also cannot be done.GOVT DECIDES TO STOP PALM OIL CULTIVATION Icon_lol

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

they should move to coconut oil instead of palm oil. a correct decision by the President.

samaritan likes this post

ADVENTUS dislikes this post

chathura123


Manager - Equity Analytics
Manager - Equity Analytics

Watawala and Nmunukula will be come down . Huge impact on these

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