Malaysia Plans RM1.4 Billion Palm Oil Replanting Under 13MP

Malaysia’s government plans to allocate RM1.4 billion over five years under the 13th Malaysia Plan to support the palm oil replanting program, particularly focusing on smallholders with ageing and less productive oil palm trees. This phased funding aims to enhance the sustainability and productivity of the palm oil sector, which is crucial for maintaining Malaysia’s position as the world’s second-largest palm oil producer and boosting its export value currently worth RM115 billion. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani highlighted that improving replanting rates is essential to securing future production and export performance. Prime Minister Datuk Seri Anwar Ibrahim emphasized the government’s commitment to advancing strategic economic sectors, including agro-commodities, through the adoption of modern technologies like mechanization, automation, robotics, and research and development. The initiative is expected to benefit thousands of smallholders and reinforce Malaysia’s role in the global palm oil supply chain while ensuring long-term industry sustainability. Parliamentary debates on the 13th Malaysia Plan will provide further feedback and support for these efforts.