KUCHING, Oct 20 2026: Palm oil remained Sarawak's largest export commodity from January to August 2026, with export volume rising by 317,585 tonnes to 2.6 million tonnes, up from 2.3 million tonnes recorded in the same period in 2025, and revenue increasing by RM1.2 billion to reach RM11.5 billion, up from RM10.3 billion.
Minister of Food Industry, Commodity and Regional Development Dr Stephen Rundi Utom said in the same period the crude Palm Kernel Oil (CPKO) production surged by 13 per cent, up from 241,040 tonnes to 272,210 tonnes while Crude Palm Oil (CPO) output increased by 8%, from 2.7 million tonnes to 2.9 million tonnes.
He said a total of 1.7 million hectares are planted with oil palm trees as of August 2026.
Dr Rundi said the government through the Malaysian Palm Oil Board (MPOB) as the implementing agency and Agrobank as the financing institution, has established the Oil Palm Smallholders Replanting
Financing Incentive Scheme with a dedicated fund of RM200.0 million, to support independent oil palm smallholders in undertaking replanting activities and alleviate the financial burden associated with replacing old and unproductive oil palm trees.
He said a total of 106 independent oil palm smallholders has been approved for the scheme since 2024, covering 311 hectares of old and unproductive cultivated oil palm
areas, with a total financing amount of RM5.6 million, as of last month.
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