SINGAPORE (Mar 4): Malaysia plans to halt all expansion of oil palm plantations this year as it seeks to dispel the oil’s reputation as a driver of deforestation.

The world’s second-largest producer will cap the area at around 6 million hectares (14.8 million acres), Minister of Primary Industries Teresa Kok said in an interview Friday. That’s up from 5.85 million hectares at the end of last year, which will give some leeway to growers who are in the middle of replanting or who have already bought land, she said.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook