"We are thinking of venturing into PNG. There is still a good margin potential as the land cost is much cheaper than in Indonesia," said group managing director and chief executive officer Datuk Wong Kuo Hea.
"Although oil palm yields of pioneer investors there are showing 30 tonnes of fresh fruit bunches per hectare in a year, we will still need to do a feasibility study.
"We need to assess the soil fertility, potential crop diseases and rainfall pattern," he told Business Times.
"If we go ahead with this venture, it will be developed phase-by-phase, over a span of 10 to 15 years. The eventual plot size will be around 100,000ha," he added.
Source: My Palm Oil Blog