COVID–19 NEWS   S Korea’s new COVID-19 cases bounce back to over 10,000 amid resurgence woes | Italy's COVID-19 transmission rate rises for 4th consecutive week | N Korea's first COVID-19 cases traced to area bordering S Korea: State media | COVID: Rise in new infections, drop in death cases last week - Health DG | South Korea’s COVID-19 vaccine candidate inches closer to launch after experts' approval Recommendation | 
BUSINESS

Felcra aims to add 50,000 hectares oil palm plantation over the next 5 years

18/05/2022 10:04 PM

KUALA LUMPUR, May 18 (Bernama) -- Felcra Bhd aims to add 50,000 hectares of oil palm plantation land over the next five years to ensure the sustainability and viability of the company as well as to grab the opportunity from the high demand for palm oil exports.

Chairman Datuk Ahmad Jazlan Yaakub said Felcra currently has 31,000 hectares of plantation land of which, the yield is only 26,000 hectares.

“Given that commodity (palm oil) prices are currently rising due to the world’s major producing country, namely Indonesia, have reduced their exports to enable domestic consumption in the country, it provides space for palm oil producers in other countries such as Malaysia to gain market share at the international level,” he said.

He told this to reporters at the Aidilfitri celebration and signing of a memorandum of understanding for the Residensi Koperasi Felcra Project at the Setiawangsa Community Centre here today.

Ahmad Jazlan said Felcra has several commodity crops of which, 20 per cent are paddy and rubber while 80 per cent are oil palm.

“We see the latest investment is palm oil and because we know the rubber is unstable and competes with artificial rubber while for paddy, we only take care of the available areas around Perak,” he added.

-- BERNAMA


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy