"Indonesia and Malaysia are expected to increase collaboration in setting the global price and marketing. The most important thing is the price of CPO," he remarked.
Samad said the stable price of CPO will have a positive impact on the palm oil industry, small farmers, and Felda pioneers.
"What is more important is how Indonesia and Malaysia could decide the highest price in the global market," he added.
Felda has the worlds biggest palm oil plantations, with 811,140 hectares of palm oil trees in the Malaysian peninsula of Sabah and Sarawak.
This company also manages palm oil plantations in Indonesia in cooperation with Rajawali Corp.
"The purchase of some stake in Rajawali is a strategic investment. We purchased the shares as our strategic move. However, we cannot reveal what strategies are there," he remarked.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2017
