{
    "success": true,
    "data": {
        "id": 1086957,
        "msgid": "kl-set-to-extend-scheme-to-control-palm-oil-output-1447893297",
        "date": "2001-12-22 00:00:00",
        "title": "KL set to extend scheme to control palm oil output",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "KL set to extend scheme to control palm oil output Reuters, Kuala Lumpur Malaysia said on Friday it will extend a scheme to control production by cutting down oil palm by six months to June to try to attract more growers to the project. Primary Industries Minister Lim Keng Yaik said the government was extending the scheme because a rally in palm oil futures prices had deterred growers from taking up a compensation offer to cut back their crop.",
        "content": "<p>KL set to extend scheme to control palm oil output<\/p>\n<p>Reuters, Kuala Lumpur<\/p>\n<p>Malaysia said on Friday it will extend a scheme to control<br>\nproduction by cutting down oil palm by six months to June to try<br>\nto attract more growers to the project.<\/p>\n<p>Primary Industries Minister Lim Keng Yaik said the government<br>\nwas extending the scheme because a rally in palm oil futures<br>\nprices had deterred growers from taking up a compensation offer<br>\nto cut back their crop.<\/p>\n<p>Under the scheme, the government offers oil palm growers 1,000<br>\nringgit (US$263) cash for each hectare they chop and replant.<\/p>\n<p>But palm oil prices have risen nearly 400 ringgit a ton, or<br>\nmore than 50 percent, since the plan was launched early this<br>\nyear, negating whatever incentive the scheme offered.<\/p>\n<p>Lim said the government target was to cut down 200,000<br>\nhectares but so far it has only managed to clear 44,000 hectares.<br>\nThe government had forecast that land given over to oil palm<br>\nwould total 3.5 million hectares in 2001.<\/p>\n<p>\"That's why we need to extend the scheme till June,\" he told<br>\nreporters.<\/p>\n<p>The minister said he expected production to touch 11.4 million<br>\ntons this year and 11.8 million in 2002.<\/p>\n<p>Market researchers said output for this year will be at least<br>\n11.7 million tons, while use, including exports, will total<br>\naround 11.95 million due to measures such as burning of crude<br>\npalm oil to clear stocks.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kl-set-to-extend-scheme-to-control-palm-oil-output-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}