Cap on oil palm estates proposed


Green move: Kok speaking at the Palm and Lauric Oils Price Outlook Conference and Exhibition in Kuala Lumpur. She said the move to limit the area for oil palm plantations ‘was made in order to dismiss accusations that oil palm plantations are the reason for deforestation.’ — Bloomberg

KUALA LUMPUR: The Primary Industries Ministry will be presenting a proposal to the Cabinet this month to cap the maximum area for oil palm plantations at about 6.5 million hectares (ha), up from the 5.85 million ha as at end-2018.

Minister Teresa Kok said this was expected to be achieved by 2023 based on the average annual expansion of plantations from 2013 to 2018.

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!
Cap , oil palm , estates , ministry , hectares , plantations ,

Next In Business News

Stake sales for national goals
Hume Cement divests concrete subsidiary to YTL Cement Sarawak for RM215mil
RHB Islamic targets RM5bil with sukuk programme
Xpeng in negotiations to partner with EPMB for EV production in Malaysia
Orkim draws EPF, KWAP, Prudential as substantial shareholders
Industronics unit to acquire Melaka retail property for RM5mil
Ringgit continues to soar, hitting 4.09 vs US dollar, the highest since April 2021
Khee San’s rights issue 80.25% subscribed, raises RM77.12mil
AWC wins RM42.3mil subcontract for data centre
Yinson raises RM1.18bil via dual-tranche sukuk issuance

Others Also Read