Small­hold­ers urged to take ad­van­tage of bud­get

New Straits Times - - News -

BES­TARI JAYA: Oil palm small­hold­ers should take ad­van­tage of avail­able fund­ing to re­plant their plots with high-yield trees to im­prove pro­duc­tiv­ity.

Plan­ta­tion In­dus­tries and Com­modi­ties Min­is­ter Datuk Seri Mah Siew Keong said rig­or­ous re­plant­ing of trees would raise the yield of es­tates in the coun­try.

He urged small­hold­ers to ap­ply for the ad­di­tional RM510 mil­lion re­plant­ing bud­get an­nounced by Prime Min­is­ter Datuk Seri Na­jib Razak yes­ter­day.

This was on top of the ex­ist­ing RM1.75 bil­lion oil palm re­plant­ing al­lo­ca­tion for in­de­pen­dent small­hold­ers.

“This ad­di­tional RM510 mil­lion is good news for some 600,000 small­hold­ers.

“It is avail­able for the next three years to 2020,” he said af­ter Na­jib launched the Malaysian palm oil in­dus­try’s 100th an­niver­sary cel­e­bra­tion in Ten­na­ma­ram Es­tate here.

Mah said Malaysia was still ap­peal­ing against the Euro­pean Union’s (EU) sug­ges­tion for a sin­gle Cer­ti­fied Sus­tain­able Palm Oil scheme for Europe-bound palm oil ship­ments.

Lead­ers of other big ex­porters of palm oil, in­clud­ing In­done­sia, Costa Rica and Ecuador, had re­port­edly ex­pressed con­cern over the EU’s dis­crim­i­na­tory pro­posal that would hurt the global palm oil trade.

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