From Ban to Balanced Sustainability: Sri Lanka’s Palm Oil Policy Reversal, Rural Economy, and the Strategic Role of the Asian Palm Oil Alliance (APOA)
From Ban to Balanced Sustainability: Sri Lanka’s Palm Oil Policy Reversal, Rural Economy, and the Strategic Role of the Asian Palm Oil Alliance (APOA) A Case-Cum-Research Paper Abstract Sri Lanka’s decision to reverse restrictions on palm oil cultivation and imports marks an important shift in agricultural, trade, and sustainability policy. Earlier, the government imposed restrictions on oil palm cultivation because of environmental concerns such as biodiversity loss, soil degradation, and water-related issues. However, rising edible oil import bills, pressure on foreign exchange reserves, increasing food inflation, and regional advocacy for sustainable palm oil practices encouraged policymakers to reconsider the ban. This case-cum-research paper examines the economic, environmental, and rural development implications of Sri Lanka’s palm oil policy reversal. It also evaluates the role played by the Asian Palm Oil Alliance (APOA) in promoting sustainable palm oil produ...