Prøve GULL - Gratis

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.

FLERE HISTORIER FRA Daily FT

Daily FT

UN warns "world is not prepared” for escalating climate disasters

THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Sajith launches Disaster Information Centre

Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level

time to read

1 min

December 12, 2025

Daily FT

Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed

Subscription list closes on opening day as investors grab initial offer and option

time to read

1 min

December 12, 2025

Daily FT

Daily FT

US Fed delivers third rate cut of the year

THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.

time to read

1 min

December 12, 2025

Daily FT

Positive momentum in primary auctions continue

Secondary Bond market rates decrease Rupee depreciates

time to read

1 mins

December 12, 2025

Daily FT

ADB grants $ 200 m loan for water, food security in North Central Province

THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Banking assets up 16% YoY to Rs. 24.5 t in 9M

THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.

time to read

1 min

December 12, 2025

Daily FT

Daily FT

Cabinet green lights procuring range of vehicles and equipment to boost primary health care system

THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.

time to read

1 mins

December 12, 2025

Daily FT

Daily FT

Cabraal discharged on condition he compensates Central Bank in three months

Lawyer argues his client had no intention of causing financial loss to GoSL

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

New 3% concessionary loan scheme to support 130,000 MSMEs from next year

IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.

time to read

1 min

December 12, 2025

Listen

Translate

Share

-
+

Change font size