Sri Lanka bans palm oil imports with immediate effect

Sri Lanka has banned palm oil imports with immediate effect and is phasing out domestic cultivation to be replaced by more eco-friendly crops. Coconut plantations will also be uprooted at a rate of 10pc to make way for rubber or other environmentally-friendly crops each year, according to President Gotabaya Rajapaksa. Deforestation issues have driven the change, although the Sri Lanka Palm Oil Association disputes this and argues that the country produces just 44,000 t/yr of coconut oil and 18,000 t/yr of palm oil, leaving a deficit of 98,000 t/yr of its total edible oil consumption.