04/07/2012 (Bernama) - The price of Felda Global Ventures Holdings Berhad (FGV) shares is expected to surge in the market based on the demand for palm oil products, which is increasing every year, said Plantation Industries and Commodities Deputy Minister, Datuk Hamzah Zainuddin.

He said global palm oil prices would make FGVH shares soar thus resulting in active trading on Bursa Malaysia.

"We hope that (Felda) settlers will not be quick to sell their shares because it (price) will jump up to a very profitable level," he told reporters after handing over payment of Palm Oil Replanting Incentives to 434 settlers from Felda Lembah Klau and 87 settlers from Felda Tersang 1, at Felda Lembah Klau, here today.

Also present were Dong assemblyman Datuk Shahiruddin Ab Moin and Batu Talam assemblyman, Datuk Abdul Aziz Mat Kiram.