Najib announces RM510mil allocation for palm oil smallholders

BESTARI JAYA: Prime Minister Datuk Seri Najib Tun Razak has announced an allocation of RM510mil for oil palm replanting and new crop planting for smallholders as part of celebrations commemorating 100 years of commercial oil palm planting in Malaysia

"I hope that this will be able to alleviate the financial burden of smallholders when carrying out replanting and new crop planting for palm oil, and at the same time ensuring that the country's oil production is able to meet market demands," said Najib to a crowd of 5,000 at Sime Darby's Tennamaram Estate here Tuesday.