Malaysia seeks $330 million for palm oil replanting over next 5 years
The funds, from 2026 to 2030, will help increase the replanting rate, especially among smallholders, Plantation and Commodities Minister Johari Abdul Ghani told parliament.
This year the government is providing a matching grant with an allocation of 100 million ringgit ($24 million) for smallholders.
Replanting averaged about 2 per cent last year, falling short of the government's target of 4 per cent, Johari said.
"When replanting is not being taken care of, it will affect our future exports," he said, with production also being hit.
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