KUALA LUMPUR: FGV Holdings Bhd (FGV) through its subsidiary, FGV Integrated Farming Holdings Sdn Bhd, has launched its high-quality animal feed brand, ALMA, in line with FGV’s expanding animal feed and animal nutrition business.
Its group chief executive officer Datuk Haris Fadzilah Hassan said the company's domestic sales of palm kernel expeller (PKE) and animal feed products have increased from only 8,000 tonnes in 2018 to 39,000 tonnes last year, with a compound annual growth rate (CAGR) of 121 per cent.
"For 2021, FGV is allocating 75,000 tonnes, equivalent to 20 per cent of our annual PKE production for the production of animal feed, and we target to achieve 150,000 tonnes by 2024,” he said.
Based on the ruminant statistics in Malaysia, he said, local farmers need approximately 240,000 tonnes of animal feed concentrate per annum, and last year, FGV was able to meet 17 per cent of the required amount.
"We shall be able to meet approximately 60 per cent of the local demand for concentrate feed for ruminants by 2024,” Haris Fadzilah said in a statement today.
He said FGV will continuously support the local animal feed industry so that the industry can remain self-sufficient.
"Our new range of ALMA animal feed products are free of antibiotics and include healthy formulations for beef and dairy cattle feed, goat and sheep feed, chicken and free-range chicken feed, natural mineral feed and additional feed for livestock.
"We have also established our distributorship programme to ensure that the feed reaches our local farmers effectively throughout the Peninsular and shall increase the numbers of distributors this year,” he added.
Meanwhile, Haris Fadzilah said the FGV and the Department of Veterinary Services Malaysia (DVS) had worked together to help local animal farmers affected by the recent flood situation in Selangor, Pahang, Kelantan and Terengganu.
The East Coast region, which was the most affected by the recent flash flood disaster, has the largest number of livestock per capita in Malaysia. - Bernama