Special license to import palm oil to bakery and biscuit industries!

Special license to import palm oil to bakery and biscuit industries!

7 April 2021 03:06 pm

The Minister of Trade Bandula Gunawardena stated in Parliament today (07) that steps will be taken to introduce a special licensing system to import palm oil required for products in the bakery and biscuit industries without any shortage.

Accordingly, the decision taken by the government to ban the import of palm oil will not affect the above industries, the Minister said.

The Minister said that although there was a perception that the bakery and biscuit industry would be destroyed after the President's decision to ban the import of palm oil and the cultivation of bitter coconuts, the industry would not be affected and a decision would be taken to grant them a special license to do so.

The Minister further said that if anyone has a need to import palm oil, an appeal should be made to the Secretary to the Ministry of Finance.
 
In view of the Minister's remarks, Samagi Jana Balawega MP Kumara Welgama questioned whether locally grown palm oil was allowed.

Replying to this, Bandula Gunawardena stated that the government will not take any action to disrupt the production of the country.

He said that if it is manufactured in the country according to the required standards, there is no obstacle to present it in the market.