Oil Palm Development

Malaysian High Commissioner Briefed On Oil Palm Development

The Minister of Agriculture and livestock Development, Selwyn Riumana today has informed the new Malaysian High Commissioner to Solomon Islands, Her Excellency Madame Blanche Olbery on the status of Oil Palm Development in Solomon Islands.

In a brief presentation, Mr Riumana told the visiting diplomat of investment opportunities in the Oil Palm Industry where Malaysian Companies could invest in.

Malaysia is one of the leaders in the Oil Palm Industry in the world.

Mr Riumana said the ruling CNURA government is placing a lot of emphasis on Oil Palm development in the recently launched National Agriculture Policy Framework.

He said Oil palm has a huge potential to drive the economy of Solomon Islands.

The Solomon Islands Government remains committed to enhance the Agriculture Technical Cooperation with the Malaysian Government to strengthen agriculture and livestock development in the country.

Under the new policy, the Solomon Island government is intending to develop 40,000 hectares of oil palm by 2020.

Some progress has been made recently to secure land in three provinces for oil palm development.

In Malaita, 10,000 hectares of land has been secured while Western and Choiseul Provinces have 5,000 hectares each respectively.

Meanwhile, High Commissioner Olbery has encouraged the government to press on with oil palm development.

Ms Olbery has pledged her government’s willingness to assist Solomon Islands develop its palm oil sector under the Agriculture Technical Cooperation between the two countries.

ENDS

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