No plans to reinforce oil palm replanting

KUALA LUMPUR: The government does not plan to reinforce the oil palm replanting programme via grants for now, the Plantation and Commodities Ministry says.

Its Deputy Minister Datuk Chan Foong Hin said the government has nevertheless allocated RM100mil in hybrid form, comprising 50% in the form of grants and another 50% in loan financing, to implement the Smallholder Palm Oil Replanting Financing Incentive Scheme in 2024.

He said 1,500 oil palm smallholders are estimated to benefit from the programme covering an area of about 5,900ha. — Bernama