To make clear the nutritional characteristics of sago palm (Metroxylon sagu Rottb.) and oil palm (Elaeis guineensin Jacq.) grown in tropical peat soil, minerals concentration, organic compounds concentration, and photo‐synthetic rate were estimated, and the obtained results were as follows. Since, the nitrogen (N), phosphorus (P), calcium (Ca), magnesium (Mg), and sodium (Na) concentration in mature leaves and trunk were higher in the oil palm than in the sago palm, but potassium (K) concentration was higher in the sago palm than in the oil palm, the minerals (especially N, P, Ca, and Mg) requirement for the oil palm were higher than in the sago palm. This indicates that the sago palm will adapt better than the oil palm to soils with poor nutrients. The manganese (Mn) and zinc (Zn) concentration in leaves of the sago palm and Ca and aluminum (Al) concentration in leaves of the oil palm increased with the increase of aging, indicating that those elements are eliminated from plants through leaf senescence. In the sago palm, the N and P distribution ratio to leaves remained almost constant during growth, indicating that N and P were predominantly distributed to leaves for maintaining leaf function. The photosynthetic rate [μmole carbon dioxide (CO2) m2 LA sec‐1] at light saturation was lower in the sago palm (5.8) and oil palm (10.0) than in wheat (25.4). As leaf longevity of sago and oil palms was longer (about 12 times) than that of wheat (Triticum aevstium L.), and the minerals concentration and photosynthetic rate remained constant for a long duration of growth, the cumulative carbon (C) accumulation per unit dry weight (photosynthetic rate x leaf longevity) in the individual leaf is assumed to be equal or greater than that of wheat. The photosynthetic ability of sago and oil palms leaves is very important for understanding why sago and oil palms have high productivity in spite of a low nutrient environment.