Fadillah : MPOB channels RM983,000 to smallholders until August 2023

: The Malaysian Palm Oil Board has approved RM983,000 to 117 oil palm smallholders, with a maximum value of RM16,250, until August 2023 to finance agricultural input loans for fertilisers, pesticides and seeds.said the smallholders are not recommended to reduce the input rate because this would reduce yields over the long term.

Fadillah said bulk purchases of fertilisers and herbicides in large quantities involving several smallholders would also help to reduce the prices compared to individual purchases. Fertiliser prices rose between 15 and 35 per cent in 2022 compared to 2021, especially for nitrogen, phosphorus and potassium , urea and muriate of potash .“Prices of fertilisers saw a decrease in 2023. In September 2023, NPK prices fell by 24 per cent, urea by 28 per cent and MOP by 35 per cent compared to the average fertiliser prices in 2022,“ he said.

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