Malaysia has plans to list a government-run plantation agency it says is the largest planter in the world, the prime minister was quoted as saying in the Business Times today.
The Federal Land Development Authority (Felda) currently manages 800,000 hectares of plantations, although slightly more than half the estates owned by smallholders will not be under the listing.
But Singapore-listed Wilmar and Malaysia’s Sime Darby will still be much bigger as both have a landbank of 500,000 hectares and above.
The move comes as prices of palm oil and rubber, the key crops grown in Felda’s plantations, bounce back from sharp declines the previous year as the global economy starts to recover.
“The Felda listing, mooted in 2003, will be announced later, at the right time, after the launch of Felda Global Ventures Holdings Bhd,” Najib said, referring to the agency’s international arm involved in setting up and marketing oil palm and rubber plantations.
Najib will launch Felda Global ventures later today after he announces liberalisation measures to boost investment in the country, which is the second-largest producer of palm oil and No. 3 exporter of natural rubber.
But the structure and shareholding of the proposed listing has not been decided, the paper said, quoting Felda Chairman Mohd Yusof Noor.
The listing plan has been postponed on many occasions as United Malays National Organisation (Umno) politicians dominating the government fear that the rights of the settlers, who are mostly Umno supporters, will not be protected. — Reuters
More Recent Palm Oil News 
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Crude Palm Oil Recovers Late On Short Covering
- Crude Palm Oil Ends Down As Demand Prospects Weaken
- Crude Palm Oil Rises Slightly; Weak Demand Limits Upside
- Crude Palm Oil Ends Up On South America Crop Worries
- Crude Palm Oil Rises On Pre-Holiday Short-Covering
- Crude Palm Oil Falls Due To Bearish Export Outlook
- Crude Palm Oil Ends Higher On South America Weather
- Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus
- Crude Palm Oil Rises In Light Trade; USDA Data In Focus
- Crude Palm Oil Steady; South America Weather May Underpin
- Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited
- Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely
- Crude Palm Oil Ends Down On Profit Taking, Europe Worries
- CPO Ends Unchanged; May Slip Toward MYR3,200 After Recent Rally
PRO Palm Oil Live Market News
- European Veg Oil PM Palm Oil & Lauric Oil Prices – Feb 3
- European Veg Oil AM Palm Oil & Lauric Oil Prices – Feb 3
- India Edible Oil Prices Down On New Crop Arrival, Strong Rupee
- India Commodity Prices Including Palm Oil – Agriculture
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Malaysian PM Cash Market Prices For Palm Oil – Feb. 3
- Indonesia Eyes Lower Pakistan CPO Duty, Adds Trade Path To Central Asia
- China Soybean Futures Retreat From 12-Week High On Profit Taking, Argentina Rains
- Malaysia Cash Palm Olein Prices Slip On Tepid Demand
- China Dalian Commodity Exchange Grain Stocks, Feb 03
- China Dalian Grain Futures Closing Prices, Volume
- BMD Crude Palm Oil (CPO) Futures Lower Midday; May Fall More
- Malaysian AM Cash Market Prices For Palm Oil – Feb. 3
- Malaysia May Reform CPO Export Tax Structure -Report
- BMD Crude Palm Oil (CPO) Futures Steady; To Remain Rangebound
