Confectionery industry in crisis over “sudden” palm oil import ban | Daily FT

Manufacturers say existing palm oil stocks can only last for 3 daysWrite to President calling for extended time, moot licence scheme to import Warn no relief by Govt. will compel closure of factories, putting thousands of jobs at riskSay more time needed to trial coconut oil substituteBy Charumini de Silva The confectionery manufacturing industry yesterday expressed concerns over its survival and security of jobs, following the “sudden” decision by the Government to ban its key raw material – palm oil imports – with immediate effect. “The sudden decision by the Government has caused significan…

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