While claiming that banning of palm oil import would not affect the manufacture of bakery products and biscuits in the country as reported, Trade Minister Bandula Gunawardane said today industrialists would be allowed to import refined palm oil as raw material required for their industries.
He told Parliament that import of palm oil was banned to develop the domestic coconut oil and coconut industry and also to reduce the foreign exchange spent on the importation of palm oil.
“The domestic bakery and biscuit industry will not be affected due to the ban on palm oil import. They will be provided with a special permit to import refined palm oil required for their industries by making an appeal to the Secretary to the Finance Ministry,” he said.
The Minister said however, no one will be allowed to import crude palm oil adding that only refined and standard palm oil would be allowed to be imported as raw material required for industries.(Ajith Siriwardana and Yohan Perera)
Ramesh Wednesday, 07 April 2021 08:44 PM
Add the word "refined" to the container and sell it to a higher price, this will give big kick backs.
Lakmal Thursday, 08 April 2021 10:22 AM
We should let rupee to depreciate according to demand and supply. All governments hold this artificially which caused slow death to economy. If you let it float , it will go exceed 300 but will come down slowly due to low demand created for imports.
ban-dit Thursday, 08 April 2021 10:35 AM
mon. ban import of palm oil. tues. dont ban...wed. ban for some..thurs.dont ban for the others. honestly, brains of the donkeys ruling this country are totally wasted and nandasena cries that his popularity is at rock bottom. ඉල්ලං කනවා..they say in sinhala.
vince Thursday, 08 April 2021 12:11 PM
will bandula issue these permits? if he does it will be a nice earner for him. This government is really going down the PALLAM. The Rajapakse experiment is a total failure.
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