Will coconut oil be hoarded during festive season?

Multinational corporations are attempting to create a synthetic scarcity of coconut oil throughout the forthcoming Sinhala and Tamil New Yr festive season and enhance the costs of coconut oil, stated Secretary, Conventional Coconut Oil Producers’ Affiliation, Buddhika de Silva.

These multinational corporations have began to hoard coconut oil in massive portions to earn large earnings, he advised the Sunday Observer yesterday.