Wednesday, 18 November 2015

Latest News of Sime Darby Palm Oil in Malaysia

Bismillahirrahmanirrahim.
Yesterday I have read the news about Sime Darby at online sources. It state that Sime Darby favours increasing yields over new plantations. The world's top oil palm planter by land size said that Malaysia's Sime Darby Bhd plans to focus on improving the yields at its current palm oil plantations more than relying on planting new areas to grow.


PAlm oil plantations have been accused of starting widespread forest fires due to slash-and burn land clearing activities in the Sumatera and Borneo islands of Indonesia, leading ti choking smoke and haze across Southeast Asia in recent months.

"The age of expension is going to be very difficult and is going to get more difficult"- Simon Lord

Simon Lord, who are Sime Darby's group chief sustainability officer, told Reuters in an interview on Monday ahead of Roundtable Conference on Sustainable Palm Oil in Kuala Lumpur that the age of expension is going to be very difficult and is going to get more difficult.


Palm companies also have other reasons to improve productivity. The El Nino weather event is expected to lower fresh fruit bunch yields across the world's largest palm producer, Indonesia.

"There was room to expand in Africa and in Asia, such as in the Philipines" said Sime Darby Lord. He also said there is potential to expand there, but it's about wise and sustainable expansion.

Sources from- the star online

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