General Convener of the coconut oil Industry - Buddhika de Silva says that the local coconut oil industry is facing a crisis due to the misconduct of multinational companies.

There are about 700 traditional coconut oil producers in the country and they have the machinery to meet the local demand of coconut oil, he added.

However, it is said that the traditional coconut oil industrialists are facing a crisis due to shortage of coconuts after large quantities are exported by multinational companies.