The first phase will see the planting of two million MD2 pineapple plants on 100 acres (40.4ha) in DSTE-owned farms.
Its chief financial officer Dr Chin Kuen Liang said this was just the first step to the deployment of smart farming technologies in all DSTE-owned farms.
“In the next six to 12 months, we intend to plant 1,000 acres (404.6ha) of MD2 pineapples in our farms across various states in Malaysia.
“All MD2 pineapple seeds in DSTE farms are obtained from the Malaysia Pineapple Industry Board and its produce is qualified to be exported overseas.
“At the moment, demand is high from China and we are only able to supply 7% of the total MD2 pineapple market in China.
“The market is still growing and there is a lot of potential.
“Upon completion of planting across our farms, DSTE Capital Limited will be the largest producer of MD2 pineapples in Malaysia,” he said at the ceremony recently.
Chin added that besides solving the issue of demand, DSTE Capital Limited was also aiming to resolve the lack of MD2 pineapple seeds in the plantation market.
“One MD2 pineapple plant can produce four seeds and a 0.4ha plot can accommodate 20,000 MD2 pineapple plants.
“In 16 months, this will result in additional 80,000 seeds for farmers to start their MD2 pineapple farming.
“In the long run, this will resolve the problem of shortage of MD2 pineapple seeds and increase the productivity of MD2 pineapples,” he said.
Sungai Petani MP Datuk Johari Abdul, who took part in the groundbreaking ceremony, said he welcomed private companies to collaborate with the Kedah government on the farming technology.
“The Government under the 12th Malaysia Plan emphasised the use of technology to increase the supply of vegetables and fruits to reduce dependency on imports,” he said.
Launched in 2019 in Labuan, DSTE Capital Limited is a global agricultural chain combined with the world’s top experts in big data, cloud computing, blockchain, Internet of things (IoT), and artificial intelligence to develop, research and map the layout of the global agricultural industry chain.
The company’s operation mainly involves agricultural supplies, production, processing and products.
They also strive to create a complete financial ecosystem for the global agricultural industry that will achieve greater efficiency, and at the same time resolve some of the problems the industry has long been facing.
Besides that, DSTE will also be implementing cutting-edge technology model of IoT and blockchain technology that includes commercial trade, market operations and currency issuance to ensure that the agricultural sector meets modern day needs.
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