25/10/2012 (Bernama) - Felda Global Group has reiterated that Felda buys fresh fruit bunches (FFB) from its settlers at current market price, and not as alleged by an opposition lawmaker.

In a statement issued Wednesday, Felda Chairman Tan Sri Mohd Isa Abdul Samad considered the allegation made by Lembah Pantai Member of Parliament and Parti Keadilan Rakyat's Vice-President, Nurul Izzah Anwar, recently as "a funny statement and with political motive."

Isa said that the price of Felda settlers' FFB still follows the normal practice of basing it on the daily Crude Palm Oil (CPO) price issued by Malaysian Palm Oil Board (MPOB).

"The price is published in major newspapers daily. We do have to make adjustments from time to time, depending on commodity prices and the market for CPO such as currently when CPO prices are not as high as last year's and there is excessive supply.

"However, this does not at all impact Felda settlers," he added.