Abstract:
The palmyra tree, a symbolic emblem of Sri Lanka's Northern Province, plays an integral role in the region's economy, culture, and daily livelihoods, often referred to as the "tree of life" (Katpakatharu). Producing nearly 800 edible and non-edible products, it holds immense untapped potential for regional economic development. However, its growth has been constrained by traditional cultivation methods and its slow maturation period of 15 to 30 years. As one of the most important agro-based industries in the Northern Province, palmyra cultivation and processing present significant opportunities for value addition and export diversification. Recent data indicate that export income from palmyra-based products in early 2025 tripled compared to the same period in 2024, signalling renewed economic prospects. A single tree can yield approximately Rs.120,000 annually, and optimal utilization across the region could generate nearly Rs.900 million per year. With enhanced processing, branding, and export strategies, the industry's potential revenue could reach up to USD 24 billion annually. Beyond economic gains, this expansion could generate substantial direct and indirect employment, reduce poverty, and promote women's empowerment, as women play a key role in traditional palmyra-based industries. To unlock this potential, transitioning from traditional practices to modern, technology-driven cultivation and processing techniques is crucial. Integrating innovation, entrepreneurship, and sustainable management can transform the palmyra sector into a cornerstone of inclusive and resilient regional development in post-conflict Northern Sri Lanka.
