FGV to ramp up production to meet increasing domestic demand


FGV Innovation Center at Enstek, Negeri Sembilan

KUALA LUMPUR: FGV Holdings Bhd is ramping up the production of banana, bamboo, coconut and paddy planting materials to meet the increasing domestic demand for crop farming activities.

“Utilising the right planting material is one of the main factors that determine the success of commercial crop production.

“The increase in demand from customers showcases our ability in offering various high-quality products through in-depth research in tissue culture, state-of-the-art research & development (R&D) infrastructures as well as over 50 years of experience in clonal research,” FGV Group CEO Datuk Haris Fadzilah Hassan said in a statement.

FGV said the production of banana clonal varieties is targeted at two million this year, doubling up from last year’s one million banana clones produced to cater to the rising demands for the Berangan, Cavendish and Tanduk species.

The plantation giant said production had been steadily rising at 100% yearly since 2019 to cater to the niche market demand for fresh bananas and banana-based food industry.

For bamboo clonal planting material, the production of the Betong bamboo species is targeted at one million by 2022 from the current quantity of 200,000.

“With the Betong’s commercial production, the FGV Innovation Center at Enstek, Negeri Sembilan became the first plant tissue culture laboratory in Malaysia to successfully produce the Betong bamboo clonal seedlings on a large scale,” Haris said.

Meanwhile, FGV is also increasing the production of pandan coconut planting material to 70,000 in 2021, an increase of 20,000 from last year.

“Currently, 70% of the planting materials produced is supplied for FGV’s internal planting activity, while 30% is sold to the domestic market,” FGV said.

In addition, FGV is also targeting to produce 200,000 MATAG coconut seedlings by 2025 upon maturity of its 50-hectares coconut seed garden located in Pusat Penyelidikan Pertanian Tun Razak, Jerantut, Pahang.

Haris said FGV also offers contract cloning services to mass-produce other types of planting materials based on customers’ needs for their farming or field planting projects.

“The planting materials that can be cloned include any plant that has commercial value and is suitable for in-vitro micropropagation. Among the potential new materials that possess high market value include Vanilla and Guarana,” Haris said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

FGV , coconut , bamboo ,

   

Next In Business News

Ajiya sees tough quarters ahead amid shortage of raw materials�
Oil hits US$68 on Libya force majeure, although pandemic surge weighs
FBM KLCI rebounds, gains 7.28 points
DBS, StanChart among potential bidders for Citi's Asia consumer business
Indonesia's central bank keeps interest rates steady
Petronas Gas allocates capex up to RM1.3bil in FY21
UK unemployment falls again under government's jobs shield
Maybank Islamic provides food aid in 11 countries in conjunction with ramadan
EPF: Members will continue to earn dividends up to age 100
FBM KLCI retraces earlier losses at midday

Stories You'll Enjoy


Vouchers