KOTA KINABALU: Thousands of Sabah rural families involved in oil palm cultivation are in dire straits as mills are refusing to buy their oil palm fruits because of palm oil’s plunging price. read more...Sabah has started a oil palm rush a few years back with oil palm plantations covering acreage 1.3 million hectares as of now with a potential for expansion to up to 1.7 million ha. In that regard, Malaysia has been criticized for clearing up natural rain forest once covered the land. What makes the matter "worst" is that Malaysian Government established the Palm Oil Industrial Cluster (POIC) at Lahad Datu in 2006 to help fuel the growth of oil palm plantations in Sabah.
Now with price of Fresh Fruit Bunch (FFB) down to RM290/mT, oil palm planters are suffering a lost due to high labor and fertilizer cost.
No comments:
Post a Comment