you're reading...
Malaysia, Papua New Guinea

Malaysian oil palm company looks to PNG

Kuala Lumpur Kepong Bhd (KLK) says it is looking to increase its plantation holdings in Papua New Guinea, Indonesia and other countries.

KLK Chief executive Tan Sri Lee Oi Hian says its necessary to look further afield as “opportunities to acquire land in Malaysia are limited as there is not much free land while brownfield land prices are high.”

The Sun Daily reports Lee as saying crude palm oil (CPO) prices are expected to hold steady above the RM3,000 per tonne level next year, as fundamentals of the industry remain intact despite the financial crisis in Europe.

He says the company is building three new mills in Indonesia to meet the growing fresh fruit bunches production from fast maturing areas.


About Samantha Magick

Journalist and editor


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: