Palm oil industry: Balancing economic benefits with environmental sustainability in Sri Lanka

Published 2023년 7월 4일

Tridge summary

The recently published IPS study 'Palm Oil Industry in Sri Lanka: An Economic Analysis' provides insights into the economic and environmental impacts of the palm oil industry in Sri Lanka. The ban on oil palm cultivation in Sri Lanka aims to shift towards more sustainable agricultural practices and protect natural resources, but its potential impact on the economy and food security has sparked debates. The study highlights the industry's contribution to the economy, including saving foreign exchange outflows, meeting domestic demand, generating employment, and attracting capital investment.

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Original content

Institute of Policy Studies of Sri Lanka (IPS) Research Fellow Dr. Erandathie Pathiraja provides valuable insights into the recently published IPS study ‘Palm Oil Industry in Sri Lanka: An Economic Analysis’. The study authored by Dr. Pathiraja, Ruwan Samaraweera, Hiruni Fernando and Jaan Bogodage, offers a comprehensive analysis of the economic and environmental impacts of the palm oil industry in Sri Lanka. In the following Q&A session, Dr. Pathiraja shares her perspectives on the reasons behind the ban on oil palm cultivation, potential impact on the economy and environment, industry’s economic contributions, environmental concerns and their mitigation, health issues related to edible oil consumption and alternative solutions to meet the local edible oil demand. In light of the recent ban on oil palm cultivation in Sri Lanka, there has been much debate surrounding the decision. Could you share your insights on the reasons behind the ban and its potential impact on the economy ...

Source: UkrAgroConsult