Tuesday, December 22, 2009

Breaking News-RTRS-Malaysia eyes Africa for oil palm expansion-report

KUALA LUMPUR, Dec 21 (Reuters) - Malaysia's state plantation agency will focus on growing oil palms in West Africa after scrapping plans to develop estates in Brazil last month, the Business Times reported on Monday.
The Federal Land Development Authority (FELDA), which owns 800,000 hectares of plantation land in Malaysia, will expand mostly in Cameroon and Liberia, its chairman Mohamad Yusof Noor was quoted as saying by the business daily.