2020 Budget: Soft loans for oil palm replanting incentives

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NST2020budget The 12-year government loan allows oil palm smallholders to only begin repaying after the fourth year. Belanjawan2020 Bajet2020 2020Budget

He said the government was frustrated by the smear campaigns launched by the European Union and the United States on the palm oil industry.

Planters are to subscribe to good agricultural practices, complying with the government’s Malaysian Sustainable Palm Oil standards to raise productivity and obtain better pricing in the export market. MPOB had previously estimated this move would require an additional 500,000 tonnes of palm oil per year.

 

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