Friday, March 4, 2011

Breaking News-RTRS-INTERVIEW-UPDATE 1-Malaysia's FELDA eyes SE Asia oil palm, rubber estate buys

KUALA LUMPUR, March 3 (Reuters) - Malaysia's FELDA Holdings, the world's largest estate owner, is in talks to buy up to 90,000 hectares (222,400 acres) of land across Southeast Asia to tap into growing global demand for rubber and palm oil, and boost profits, its top official said on Thursday.
Managing Director Sabri Ahmad said FELDA Holdings, which manages estates under the Federal Reserve Land Authority, was approached to plant oil palm in Africa but may hold back as the political scenario needs to be studied.