Tuesday, November 3, 2009

Breaking News-RTRS-UPDATE 1-Malaysia replanting scheme to cut palm output

KUALA LUMPUR, Nov 2 (Reuters) - A replanting scheme should cut Malaysian palm oil output by half a million tonnes in 2009 and 2010 as stocks start to build up, a government minister said on Monday.
Under a state-funded programme, smallholders are expected to replant some 200,000 hectares of plantation land with new trees, said the country's Commodities Minister Bernard Dompok.