Singapore Stock Market News
Plantations - Malaysia announces replanting incentives
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Publish date: Mon, 28 Sep 2015, 11:30 AM
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■ Malaysia to implement RM100m replanting incentive scheme to replant 83,000 ha of estates from 1 Oct to 31 Dec 2015.
■ This could potentially reduce CPO output by 250k tonnes in 2016 or 1.2% of 2014's annual output and will be medium-term positive for CPO prices.
■ All Malaysian planters with old estates stand to benefit via lower replanting costs.
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