Malaysia is working towards a national average crude palm oil fresh fruit bunch (FFB) output of 35 tonnes per hectare by 2020 from the current production of 20.2 tonnes per hectare.
Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok said there were several plantation companies and smallholders who managed to reap an average FFB harvest of above 30 tonnes per hectare,” he said at the opening of a one-day seminar on “Reach and Teach Friends of the Industry: Challenges and Opportunities in 2010″ here on Tuesday.
He said the government has funded a study to understand the characteristics of the palm oil genome as an enhancement measure towards producing better planting materials.
In addition, he said the government provided incentives, in the form of rebates to clonal laboratories, a RM200 million allocation to fell old trees and a RM100 million replanting grant for smallholders.
Besides, he said a majority of smallholders were producing below the national average.
” Currently 540,000 hectares of land is planted with oil palm and are managed by independent smallholders, who accounts for 11.6 per cent of the total planted area,” he explained.
He said the sector was important in increasing national productivity and reducing rural proverty.
More Recent Palm Oil News 
- Crude Palm Oil Ends Down On Weak Crude Oil Futures
- Crude Palm Oil Ends Up; Market Expects Bullish Forecasts
- Crude Palm Oil Ends Down; Choppy Trade; Outlook Awaited
- Crude Palm Oil Ends Up; Bullish Outlook, Short Covering
- Crude Palm Oil Ends Up On Tight Supply, Short Covering
- Crude Palm Oil Ends Down On Profit-Taking, Soyoil
- Crude Palm Oil Ends Higher As Other Commodities Rally
- Crude Palm Oil Ends Little Changed In Volatile Trade
- UPDATE: Crude Palm Oil Ends Below MYR2,600/Ton; Likely Lower Exports
- UPDATE: New Britain Palm Oil Buys Plantation, Shares Rise
- Crude Palm Oil Ends Up Slightly After Hitting Six-Week High
- Crude Palm Oil Ends Up On Broad-Based Rally In Commodities,Equities
- Crude Palm Oil Ends Down After Fed Rate Move; More Downside Likely
- Crude Palm Oil Ends Down, At Crucial Support Level
- Crude Palm Oil Ends Up On Higher-Than-Expected Exports
PRO Palm Oil Live Market News
- Malaysia Feb CPO Output 1.16 Mln Tons; Down 12.5% On Month -MPOB
- Malaysian Cash Market Prices For Palm Oil – March 10
- *Malaysia's February Palm Oil Exports 1.29M Tons; Down 12% On Month -MPOB
- *Malaysia's End-Feb. Palm Oil Stocks 1.79M Tons; Down 11% On Month -MPOB
- *Malaysia Feb CPO Output 1.16M Tons; Down 12.5% On Month -MPOB
- MARKET TALK: BMD Crude Palm Oil (CPO) Up; Trade Thin; Awaiting MPOB, Export Data
- MARKET TALK: India Soy Futures Likely Up; USDA Report Awaited
- MARKET TALK: BMD Crude Palm Oil (CPO) May Open MYR5 Up On Higher Exports
- Malaysia March 1-10 Palm Oil Exports 464,889 Tons -Intertek
- *Malaysia Mar. 1-10 Palm Oil Exports Up 25% On Month -Intertek
- *Malaysia Mar. 1-10 Palm Oil Exports 464,889 Tons -Intertek
- Southeast Asia Palm Oil Weather – Mar 9
- GRAIN HIGHLIGHTS: Top Stories Of The Day
- ICE Canada Review: Canola Drops On CBOT Losses
- European Veg Oil PM Palm Oil & Lauric Oil Prices- Mar 9