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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
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

Falling property prices - a boon for buyers
Grey neighbourhoods: fit for the ageing
Ringgit seen holding steady against US dollar next week
Oil posts biggest weekly gains in over a year
Dow ends at record high on easing economic worries
It’s looking up for the ringgit
Finding value in rare prints
E-scooters charging up daily commutes
Chip sector in growth phase
Navigating global market landscape

Others Also Read