Why I choose Oil Palm Planting

This is why I choice Oil Palm planting when my father ask me to help develop the land at a very remote areas. The reason why I choice Oil Palm are:-
1. Existing Oil Plam mile nearby
2. Oil Palm can generate income for 20 over years
3. Good integration with livestock

CPO futures up on higher oil price Crude Palm Oil (CPO) future price will increase, influenced by the increasing world oil price, a trader said. Palm oil is an alternative biofuel source which makes it a much sought after commodity amid the rising oil price. At close, the February 2009 CPO futures contract increased RM20 to RM1,780 per tonne. Dealers said overseas demand, especially from China which is the world's largest buyer of palm oil and progress in biodiesel projects locally are expected to provide some good news. The Malaysian Palm Oil Board reference price at mill gate is RM 307/tonne for grade B. One hectare of Palm Oil can produce about 30 tonne per year. That will generate a gross income of about RM 90,000.00 a year for small holder farmer of 10 ha planted with mature oil palm.