Malaysian producers have already announced 100,000 hectares of plantations near Tefé in the state of Amazonas for oil palm production, and Felda Global Ventures Brazil, a Brazilian-Malaysian venture, had announced its intent to become a global player in the palm oil industry by moving into the Amazon.
However, this week, Izan Hussain, head of corporate communications for Felda Holdings in Malaysia, wrote in an e-mail that: “The plan to venture into Brazil has been postponed for now due to various reasons.”
William
