KUALA LUMPUR, Oct 22 – The Ministry of Plantation and Commodities (KPK) has approved 3,599 hectares (ha) of land for oil palm replanting under the Oil Palm Smallholders Replanting Financing Incentive Programme (TSPKS 2.0) as of October 2024.
Its Deputy Minister, Datuk Chan Foong Hin, said 1,441ha of land for oil palm replanting under the programme are currently being processed, while 550ha are in KIV (keep in view) status.
“For this year, we are targeting 5,900ha for oil palm replanting.
“If all these (replanting projects) are carried out this year, we will be able to utilise the entire RM100 million allocated for this year,” he said during a question-and-answer session in the Dewan Rakyat Tuesday.
This year, the government allocated RM100 million under the TSPKS 2.0 programme, specifically for eligible private smallholders.
Chan said this effort is expected to increase the number of fully mature palm trees nine to 18 years old that are more productive in the long term, subsequently helping to enhance the productivity of fresh fruit bunch (FFB) in the country.
Meanwhile, Chan explained that the ministry targets a 4.0 per cent rate in palm replanting areas annually out of the 5.7 million ha of land maintained for oil palm plantation.
He said the oil palm replanting rate was 97,130ha (1.7 per cent) in 2022 and 132,000ha (2.3 per cent) in 2023.
He said that if this is successfully implemented, the country could increase its production by 1.5 million tonnes of crude palm oil (CPO).
