Facebook Pixel Unlocking economic constraints thro Oil Palm cultivation | Daily FT – newspaper – Lesen Sie diese Geschichte auf Magzter.com

Versuchen GOLD - Frei

Unlocking economic constraints thro Oil Palm cultivation

Daily FT

|

November 18, 2025

PLANTATION crops such as oil palm (Elaeis guineensis), tea (Camellia sinensis), rubber (Hevea brasiliensis) and coconut (Cocos nucifera) play an important role in global agriculture.

- BY PROFESSOR I.R. PALIHAKKARA AND W.M.T. UTHPALA

These crops contribute significantly to food security, economic growth and employment. These crops are mainly grown in tropical regions. Oil palm is the world's most productive oil seed crop, supplying a large proportion of the global vegetative oil demand. Oil palm can yield about five times more oil than alternative crops grown for vegetable oil. Oil palm cultivation in Sri Lanka is mainly carried out in the southern province, which receives more than 3000mm of rainfall annually, and in the southern province Galle, Matara, Western province, Kalutara and Sabaragamuwa province, Kegalle districts.

The environmental conditions suitable for oil palm cultivation in Sri Lanka are a temperature of 24-32C, more than 2000mm of rainfall and more than 5 hours of sunlight per day. Oil palm cultivation was first established in the Nakiyadeniya Estate in the Galle District and later in the Galle, Matara and Kalutara Districts by removing marginal rubber and tea plantations that had reached the end of their economiclife and establishing oil palm cultivation through the concept of crop diversification. At present it has now spread to the Ratnapura and Kegalle districts as well. High productivity and lower in the number of workers required and the increasing demand as a raw material for some of the daily needed products for humans are the main reasons for demanding this cultivation. At present Sri Lanka is not self-sufficient in edible oil production and spends a considerable amount of money to import edible oil to the country.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Banks branches open from 9 a.m. to 1 p.m.on Wednesdays

THE Central Bank of Sri Lanka and the banking sector will stay open on Wednesdays with bank branches open from 9 a.m. to 1 p.m.

time to read

1 min

March 18, 2026

Daily FT

Cabinet awards Rs. 2.27 b contract to Hayleys Fentons, India's JSL for 220kV transmission line

THE Cabinet of Ministers on Monday approved the award of over Rs. 2.2 billion (Rs. 2,269.18 million) contract (excluding VAT), for the construction of a 28 km long, 220kV double-circuit transmission line from the Mannar Grid Substation to the Mullikulam Collection Grid Substation under Lot B of the Mullikulam Wind Power Transmission Project.

time to read

1 min

March 18, 2026

Daily FT

Sajith says NPP Govt. has no 'Scenario Planning' 'to manage crisis

OPPOSITION Leader Sajith Premadasa yesterday told Parliament that the President Anura Kumara Dissanayake-led NPP Government has no \"scenario planning\" to deal with the crisis influenced by the war in the Middle East.

time to read

3 mins

March 18, 2026

Daily FT

Cabinet clears plans to secure $ 620 m ADB financing

THE Cabinet of Ministers on Monday approved plans to secure $ 620 million in financing from the Asian Development Bank (ADB) under five key sub-programs to accelerate the country's reform agenda and support economic recovery.

time to read

1 min

March 18, 2026

Daily FT

Daily FT

CEO of the Year 2025 Honours Sri Lanka's Outstanding Corporate Leaders

The CEO of the Year 2025 Awards Ceremony was successfully held on, 26 February 2026, at the prestigious Cinnamon Grand Colombo, bringing together an exceptional gathering of national leaders, policymakers, diplomats, and eminent corporate figures.

time to read

2 mins

March 18, 2026

Daily FT

Economy maintains momentum with 5% GDP growth in 2025

4Q GDP growth at 4.8%, down from 5.4% in 3Q 2025 Agriculture, Industry and Services, expand by 1.4%, 7.8% and 3.3% respectively Taxes less subsidies on products contributed 11.6% to GDP in 2025

time to read

3 mins

March 18, 2026

Daily FT

Daily FT

CWIT reaches 1m TEUs in first year

Fastest Colombo Port terminal to a million containers handled

time to read

3 mins

March 18, 2026

Daily FT

QR Fuel Pass glitches largely resolved, over 5 m users on system: Deputy Minister

Deputy Minister says most QR system issues fixed in under three days; platform now stable. Developed at no cost by MIT and Dialog; integration challenges with legacy Govt. systems highlighted. Over 5.09 m users and 5.10 m vehicles registered; nearly 440,000 new vehicles since 2023. New complaint channels to be introduced as 1919 hotline overwhelmed

time to read

1 mins

March 18, 2026

Daily FT

Daily FT

Ceylinco Life's 2024 Annual Report wins prestigious double honours

CEYLINCO Life has secured two prestigious accolades for its 2024 Annual Report, reaffirming the Company's leadership in transparent, accountable and sustainability-driven corporate reporting.

time to read

2 mins

March 18, 2026

Daily FT

Daily FT

Cabinet approves emergency coal tender, flexible energy procurement

IN a decisive move to safeguard national energy security, the Cabinet of Ministers on Monday approved an emergency coal procurement of 300,000 tons for the Lakvijaya Power Plant and authorised a temporary deviation from standard procurement procedures to secure fuel supplies over the next three months.

time to read

2 mins

March 18, 2026

Listen

Translate

Share

-
+

Change font size