FGV to ramp up production to meet increased demand


“The increase in demand from customers showcases our ability to offer various high-quality products through in-depth research in tissue culture, state-of-the-art research and development (R&D) infrastructure, as well as over 50 years of experience in clonal research, ” FGV group CEO Datuk Haris Fadzilah Hassan (pic) said

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 to offer various high-quality products through in-depth research in tissue culture, state-of-the-art research and development (R&D) infrastructure, 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.

This is double of last year’s one million banana clones produced to cater to the rising demand 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 the 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.

Meanwhile, FGV is also increasing the production of pandan coconut planting material to 70,000 in 2021.

This is an increase of 20,000 from last year.

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

Next In Business News

Bullish investors push copper price towards 10-year highs
United Airlines loss bigger than feared on higher fuel costs, capacity slide
US warns airlines on flights near Ukraine-Russian border
Oil price climbs as US$ slumps; gains capped by pandemic surge
GLOBAL MARKETS-World shares dip after hitting record highs
Juventus, Man United shares boosted by Super League plan
Tiong Nam's Ong raises stake IWCity to 5.9%
M3 Technologies shareholders reject private placement exercise�
HLT Global buys 2.56 acres of land to expand glove production capacity�
Boustead sells Jalan Cochrane land to Sunway

Stories You'll Enjoy


Vouchers