12/05/2009 (Bernama), Kuala Lumpur - Paradigm shift, through biotechnology, is required to increase productivity, efficient processing and the production of novel high-value products, said Prime Minister Datuk Seri Najib Tun Razak.
"It is therefore critical that the industry consistently adopts innovative techniques and sustainable practices, through the availability of new knowledge and technology to ensure that oil palm cultivation remains in harmony with the environment," he said at the launch of Sime Darby Bhd's oil palm genomes here, Tuesday.
Meanwhile, Najib said the government has no plan to remove windfall tax for oil palm planters for Peninsular Malaysia.
"Well, you know, the cost of production is about RM1,600 per tonne, so there's a quite a lot of margin," he said.
The government recently increased the threshold price of RM2,500 per tonne for Peninsular Malaysia and RM3,000 for Sabah and Sarawak, he said.