Malaysia: The Ministry of Plantation presented a proposal for financial assistance to support replanting activities, says Fadillah

KUALA LUMPUR: The Ministry of Plantation and Commodities has submitted a proposal for the allocation of financial assistance to support replanting activities, especially those carried out by smallholders in the oil palm industry, said its minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Deputy Prime Minister said the proposal is now awaiting approval from the Ministry of Finance. "We have to wait for the budget announcement. What we have done is propose certain funding for replanting efforts, especially for smallholders in the palm oil industry. "At the same time, we are talking about initiatives (even) to big players for replanting and so on, because the cost of doing business in the agricultural commodity sector is increasing," he told reporters after launching the Malaysian Palm Oil Association's National Palm Oil Conference (NPOC23). (MPOA) here, yesterday. Fadillah said his ministry is taking steps ...