Plantation Industries and Commodities Minister Tan Sri Bernard Dompok
will launch a RM297 million allocation for oil palm smallholders to
replace their aged trees on Jan 31 in Sabah.
could assist smallholders to replant oil palm trees of 25 years and
above with high quality new clones, said Performance Management and
Delivery Unit (Pemandu) director John Low.
“We hope this
programme will transform the palm oil industry and boost the income of
some 160,000 smallholders nationwide,” he told reporters on the
sidelines of Reach & Teach Friends of The Industry Seminar here
Under the National Key Economic Areas (NKEAs), the palm
oil industry is targeted to raise total gross national income
contribution by RM125 billion to reach RM178 billion by 2020.
In order to improve productivity, Low said a newly improved version of
the tool used for harvesting oil palm fresh fruit bunches, Cantas, would
be introduced in March.
Pemandu also planned to deploy 70
officers to assist smallholders on best agricultural practices and
select the best fresh fruit bunches with the highest yield in April.
“We target to operate 36 biogas facilities at palm mills nationwide by year end to boost downstream business,” he said.
Low said Pemandu would also fund clinical research in the US
as oil palm products approved by the US Food and Drug Administration could enter any markets in the world.
are trying to export more new blended cooking oils globally. We are
finalising several matters to enter in a bigger way the South Korean
market,” he said.
Currently, 80 percent of the country’s palm oil sector involves the upstream business. — Bernama
Source : Business Times