Sri Lanka, April 25 -- Sri Lanka's Regional Plantation Companies (RPCs) are waiting for the official communication on the lease extension and lifting of the oil palm ban, to move ahead with their investment plans.
"It was reported that an expert committee has made a request to lift the ban but nothing has been officially communicated to us," Planters' Association of Ceylon Chairman Senaka Alawattegama told Mirror Business. Similarly, he noted that the RPCs have submitted audit reports to the President's Office, along with the request, to extend the lease period by 50 years. "The audit reports are with the president and his advisors. We have requested for a 50-year extension," he added.
The RPCs were divested to the private sector, with a ...