JOHOR BARU: The Federal Government plans to invest approximately RM1.4bil in its palm oil replanting initiative as part of the 13th Malaysia Plan (13MP), according to Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.
The initiative, set to be implemented over the next five years, aims to reinforce Malaysia's position as a leading palm oil producer globally.
"The 13MP debate will commence on Monday (Aug 4), allowing MPs to provide feedback," Johari explained.
"For the Plantation and Commodities Ministry, there is a clear focus by the Government to enhance replanting efforts among smallholders."
He stated that RM1.4bil would be progressively allocated over five years to encourage smallholders, particularly those with ageing trees, to replant.
Johari made these remarks while discussing the 13MP during the Johor Baru Umno division annual meeting.
He highlighted that the initiative is expected to further boost Malaysia's export potential in the global market.
"Replanting efforts alone can strengthen our position as the second-largest producer and increase our exports," he said.
"Our exports currently stand at RM115bil. With successful replanting, we can enhance and expand our export potential."
During the tabling of 13MP on Thursday (July 31), Prime Minister Datuk Seri Anwar Ibrahim expressed the government's commitment to advancing the development of strategic sectors, including agricommodities, through high-impact initiatives under the plan.
Anwar emphasised a focus on increasing productivity in agricommodities such as oil palm, rubber, and cocoa through modern technology.
