“Lifting Palm Oil ban vital to transform rural livelihoods”
The palm oil industry is a cornerstone of Malaysia’s economy and has not only contributed to Malaysia’s GDP but also transformed rural livelihoods.Lifting the ban on oil palm plantation can bring similar economic benefits to Sri Lanka said Badli Hisham Adam High Commissioner of
Malaysia to Sri Lanka at the fourth Palm Oil Industry Association of Sri Lanka, AGM recently.
“As one of the world’s leading producers and exporters of palm oil, we have gained significant expertise in cultivation of Palm oil and this sector significantly contributes to GDP and foreign exchange earnings in Malaysia, creating employment and reducing rural poverty. Our smallholders account for nearly 40% of Malaysia’s production, with the industry providing them with a stable income and resources for capacity-building.’ The Malaysian government has pioneered efforts in sustainable palm oil production, including certification schemes like the Malaysian Sustainable Palm Oil (MSPO). These lessons are transferable to Sri Lanka’s palm oil sector, particularly as the country seeks to balance import dependency with domestic cultivation, ensuring economic and environmental sustainability.
“I visited the Nakiyadeniya estate, where Palm oil cultivation was introduced in Sri Lanka. ‘‘The dedication to sustainable practices and obtaining Roundtable on Sustainable Palm Oil (RSPO) certification sets a commendable example for the industry. ‘The plantation’s integration of community welfare through corporate social responsibility (CSR) is equally inspiring.’’
It is worth emphasizing that Sri Lanka’s approach to palm oil cultivation has avoided many of the criticisms faced by the global industry, such as deforestation and habitat loss. By repurposing lands where other crops have outlived their economic lifespan, Sri Lanka has adopted a sustainable model worth emulating.’’
Moreover, Palm Oil offers significant health benefits. Both Malaysia and Indonesia are ready to share our experience and help Lanka’s local industry in innovations and help develop advanced technologies and solutions to address industry challenges. The Palm Oil Industry Association has made remarkable contributions to promoting sustainability, innovation, and growth in Sri Lanka’s palm oil sector. These efforts are especially commendable given the challenges faced globally and locally.
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