The Malaysian Palm Oil Board (MPOB) has approved applications for a total of RM41.974 million by smallholders for replantation exercise involving 6,995ha, MPOB director-general Datuk Dr Mohd Basri Wahid said.
As at July 2, more than RM1 million had been disbursed involving 186ha, he told Bernama in an interview recently.
He said smallholders who had been given the approval to carry out replantation should start cutting down their oil palm trees aged more than 25 years as soon as possible.
“This will benefit the smallholders in the palm industry,” he said.
He said the amount set aside for disbursement to stimulate the country’s oil palm sector this year was RM50.134 million. According to MOPB statistics, 46,061ha oil palm holdings belonging to 24,763 smallholders nationwide can be replanted.
Under the second stimulus package, the government allocated RM6,000 in aid per hectare for oil palm replantation. This was in addition to the 2008 Oil Palm Replantation Incentive Scheme worth RM1,000 per hectare implemented by the Plantation Industries and Commodities Ministry since Dec 1 last year.
Basri also said that the government had allocated RM100 million under the second stimulus package to assist oil palm smallholders until Dec 2010 and among the objectives was to speed up the replantation exercise under the 2008 scheme.
This would reduce palm oil production and the country’s stock, hence balancing the price of palm oil, he said.
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
- China Soybean Futures Rise A Tad On South America Output Worries
- China Dalian Commodity Exchange Grain Stocks, Feb 07
- China Dalian Grain Futures Closing Prices, Volume
- Asia-Pacific Commodities Events Calendar
- Southeast Asia Palm Oil Weather – Feb 6
- European Veg Oil PM Palm Oil & Lauric Oil Prices – Feb 6
- European Veg Oil AM Palm Oil & Lauric Oil Prices – Feb 6
- India Commodity Prices Including Palm Oil – Agriculture
- China January Soybean Imports Likely 4.86 Mln Tons -Ministry
- SUBSCRIBERS: No Asian CPO Closing Comment Monday, Tuesday
- China Soybean Futures Hit 3-Month High On Strong U.S. Jobs Data
- China Dalian Commodity Exchange Grain Stocks, Feb 06
- China Dalian Grain Futures Closing Prices, Volume
- SUBSCRIBERS: No Malaysian Palm Oil AM, PM Cash Market Prices Mon-Tue
- Asia-Pacific Commodities Events Calendar
