All Ceylon Bakery Owners' Association (ACBOA) today said the immediate decision taken by the President to ban the importation of palm oil from yesterday, will lead to the permanent closure of the bakery industry.
ACBOA President N.K. Jayawardene told the Daily Mirror that the immediate decision had a sudden impact on the bakery industry.
"Almost all bakery products need four main ingredients such as flour, sugar, eggs and margarine. Palm oil is used to make margarine and now we unable to find margarine in the market," he said.
"Before making the instant decision, the President should have proposed an alternative or substitute in place of oil for the people to use. From today onwards, we will not be able to continue with our bakery industry," he said.
"This is not a practical move and we do not know who had advised the President to take such decision. This will not bring any success whatsoever. All bakeries, biscuit manufacturers and confectioneries in the country will have to be closed down and more than 100,000 people will face the danger of losing their jobs," Jayawardene said.
He said around 30 to 40 metric tons of palm oil is being used in the bakery industry which in turn gives a major revenue to the Government. However, an alternative decision should have been made before arriving at this tough decision.
"60% of palm oil is manufactured globally among other consumer oil varieties. Only 5% of coconut oil stock is available in the market and that is not sufficient to run the bakery industry even momentarily," Jayawardene added. (Chaturanga Samarawickrama)
Mr.D Tuesday, 06 April 2021 01:10 PM
Issue with this Government and president. Just takes an action without any contingency plan or any alternatives.. Wakes up and make a decision
Avi Tuesday, 06 April 2021 01:32 PM
You voted for this govt, so now "reap what you sow".
Srilankan modabaiya Tuesday, 06 April 2021 02:33 PM
If you cannot eat bread eat cake!
J Prakash Rajan Tuesday, 06 April 2021 02:38 PM
We won't be able to eat bread nor cake!!!
Kingsley Wijesinhe Tuesday, 06 April 2021 05:45 PM
Foodie Tuesday, 06 April 2021 09:31 PM
We've been eating margarine all these years. No wonder so many are unhealthy!
Sambo Wednesday, 07 April 2021 07:59 AM
Just can't understand why the ministers of this government look up and spit. Almost every decision they have take has become a boomerang on them. Don't open your mouth like little children. Thinks before actions are taken.
Terrence Wednesday, 07 April 2021 08:21 AM
Substitute Palm Oil with Dhammikes Paniya
Jayampathi Wednesday, 07 April 2021 08:29 AM
The sudden decision is a tactical move to get attention away from the Coconut Oil case. Before taking such a decision, govt has to consult the expert in the field and give an alternative.
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