Sri Lanka’s edible oil market has garnered considerable attention in recent weeks due to a series of events including the banning of palm oil imports in a bid to promote the local coconut industry and the detection of aflatoxins in imported coconut oil. The edible oil industry is important for Sri Lanka with oils and fats being a major constituent of the typical Sri Lankan diet and a raw material in manufacturing, the food manufacturing industry in particular. According to the latest available data, there are around 5,057 establishments employing 332,828 workers in the formal food manufacturing sector which generate an annual output of approximately LKR 1.4 billion. This blog assesses the local edible oil market and its potential for import substitution.
This year, the International Day of Forests is marked under the apt theme “Forest restoration: a path to recovery and well-being”. Forest restoration is one of the priority areas for mitigating the effects of climate change. Restoration and sustainable management of forests will help absorb atmospheric pollutants, re-build natural habitats and sustain life on earth.
This blog discusses Sri Lanka’s declining forest cover and offers suggestions on how the drivers of deforestation can be countered.
In 2019, Sri Lanka recorded the highest reported elephant deaths and second highest number of human deaths in the world due to the human-elephant conflict (HEC). Each year, the reported number of crop losses, property damage, and human and elephant deaths continue to be considerably high. These numbers could be even higher due unreported cases. Regardless of the immediate causes of individual incidents, the growing competition between humans and elephants for living space is the main underlying reason for many such incidents. This blog looks at how insurance could help affected communities.
Sri Lanka is experiencing a second wave of the COVID-19 pandemic, and cities and urban centres have become the hotspots of vulnerability. With their relatively favourable economic conditions and extensive transport networks, cities attract migrants from rural areas, frequently resulting in overcrowding and greater vulnerability to external shocks such as COVID-19. Hence, strengthening resilience of cities and urban settlements to meet health emergencies is a critical part of the national response strategy to pandemics. This blog explains why cities should be focal points of pandemic response planning, and discusses ways to build pandemic resilience in Sri Lanka’s urban areas.
By the time COVID-19 hit, Sri Lanka’s tea production and export earnings had already been on a declining trend. The adverse weather conditions and long-term structural issues such as labour shortages and lack of technological application have affected production levels over time. With the first wave of the pandemic, the vulnerabilities of the tea sector were exposed. Now, Sri Lanka and most of the main tea buyers are experiencing a second wave which can have far reaching negative consequences than previously anticipated. This blog discusses the impacts of COVID-19 on Sri Lanka’s tea industry and the different mitigation strategies that the government can adopt to revive the industry.