Monday, March 8, 2010

Breaking News-RTRS-Malaysia at 17.9 pct of oil palm replanting aim

KUALA LUMPUR, March 8 (Reuters) - Malaysia, the world's No.2 palm oil supplier, has achieved just 17.9 percent of its replanting target of 200,000 hectares announced at the end of 2008 to shore up prices, a minister said on Monday.
Commodities Minister Bernard Dompok said a total of 8,223 applications covering 205,306 hectares were approved for replanting but only 35,752 hectares were replanted by February this year.