Wilmar assures S'wak it will continue to buy crude palm oil


Oil palm fruit

KUCHING: A senior state minister from Sarawak disclosed that Wilmar International Ltd, which kicked up a storm three weeks ago with its new outsourcing policy, has given the assurance that it would continue to procure crude palm oil (CPO) from planters in the state even though the plantations were on peat land.

Sarawak Land Development Minister Tan Sri Dr James Masing said Wilmar chairman and chief executive officer Kuok Khoon Hong wrote to him on Feb 14 stating that Wilmar’s policy would not affect the company’s purchase of CPO from corporations which had previously developed large tracts of peat land.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Business , wilmar , CPO , sarawak , palm oil , oil palm

Next In Business News

Dollar staggers to third straight weekly drop as investors ponder Fed outlook �
Asian stocks rise after global gauge hits new peak
Disney to invest US$1bil in OpenAI, license characters for Sora video tool
CIMB sees 68% earnings surge for building materials in 2026
Vantris Energy rallies as turnaround results boost sentiment
FBM KLCI edges higher in early trade as Wall Street rallies
Ringgit extends gains on softer US data, Fed rate cut
Trading ideas: Vantris Energy, Critical Holdings, AGX, EPMB, Oasis Harvest
Li Ka-shing ports sale slows on regulatory hurdles
Critical clinches RM41mil data centre contract

Others Also Read