InfoSAWIT, KUALA LUMPUR — Ministry of Plantation and Commodity Malaysia approved palm oil plantation replanting program that would lay on about 3.599 hectares managed by scheme of smallholders replanting program financing through TSPKS 2.0. This would be part of the Government of Malaysia to increase palm oil plantation productivity nationally.
Vice Minister of Plantation and Commodity Malaysia, Datuk Chan Foong Hin said that about 1.440 hectares were in replanting program, the other 550 hectares would be still in the monitoring status. The program should also support the replanting target that would cover 5.900 hectares this year.
“If every replanting project is successfully implemented this year, we would take for advantages on the revenue allocation up to RM 100 million in the program,” Datuk Chan said in the question and answer - session in the Legislators, as InfoSAWIT quoted from Bernama, Thursday (31/10/2024).
The replanting program would be for the private smallholders that qualified every term and condition. The ministry targeted to multiply the numbers of mature palm oil trees – between nine to eighteen years old - trees, as more productive ones. This should increase the fresh fruit bunch (FFB) and crude palm oil (CPO) numbers in the country.
The ministry also targeted to implement the replanting program in every year that would be reaching 4 (four) percent of the total palm oil plantations in the country that laid on about 5,7 million hectares. In 2022, the replanted plantations laid on about 97.130 hectares or 1,7 percent, while in 2023 it covered 132.000 hectares or 2,3 percent of the total.
By implementing the program, Datuk Chan would be optimist that CPO production would be increasing up to 1,5 million tons. In the past three years, Malaysia got the positive trend in FFB production, from 91,39 million tons in 2021, to be 94,8 million tons in 2022, and 94,9 million tons in 2023. CPO production did increase in phase or from 18,12 million tons in 2021, to be 18,45 million tons in 2022.
The replanting program should also encourage the sustainability of palm oil industries in the country when global scale – competition get closer and reinforce plantation contribution to the economy nationally. (T2)