Ministry hosts workshop on using more vegetable oils today
A workshop on advantages of using vegetable oils that helps towards achieving food and nutrition security and economic growth will be held today (18) from 9 a.m. at Cosmic by Citrus, Lotus Tower, Colombo 10.
The main partner of this event organised by Nucleus Foundation is the Ministry of Agriculture and Plantation Industries and they will host this event in collaboration with the Malaysian High Commission, Indonesian Embassy and this is supported by Solidaridad.
Production and Imparts of Palm Oil and its derivatives in the local market (2016 t0 2020)
State Minister for Plantation industries, Lohan Ratwatte will participate as a special invitee while several foreign invitees will make presentations and tell the success stories of growing Oil palm in their countries.
One of the keynote speakers of the event will be Atul Chaturvedi, a veteran in the vegetable oil/ oil seeds and agro business in india. He has been associated with Adani since 1998 and has played a key role in the development of the agro and agri infrastructure business of the Group.
Dr. B. V. Mehta, connected to the Indian Vegetable Oil Industry for four decades having an in-depth knowledge of the Indian oilseed sector and vegetable oil industry will also be attending the event.
Dr Suresh Motwani, the Head for Vegetable Oils program at Solidaridad Asia too will attend the event. Holding a PhD and a master’s in agronomy and a post-graduate diploma in agri-marketing and management, he is a specialist in sustainable agriculture supply chains.
The other foreign participants will be Dr. Chattopadhayay Shatadru the founding Managing Director of Solidaridad in Asia, one of the world’s oldest civil society organisations globally. He is well-known for his contributions in the field of sustainability and corporate social responsibility and founder of several national sustainability standards and he will also make a presentation.
The local industry is also looking at the government view on lifting the Palm oil cultivation ban which has in turn resulted in a huge drain of FOREX for imports. Sri Lanka’s highest forging cash out flow was SLR 57 billion for importation of all edible oils in the year 2021. “With the economic crisis during the last 2 years the export volumes have come down,” an expert from the industry said.
“If the country can be be self-sufficient by producing their requirements of oils within the country, it will not only save forex outflow, but will be able to earn more forex by exporting value added coconut products”.
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