Wednesday, 04 Nov 2020 02:25 PM MYT
KUALA LUMPUR, Nov 4 — FGV Holdings Bhd is expanding its presence in India’s oil palm seed market by targeting to sell another 1.5 million seeds by 2021 following growing market demand for premium oil palm seeds in the country. In a statement today, the group said the latest buyer was FGV Pre Unique, a joint-venture company between FGV and Pre-Unique Pvt Ltd established to penetrate India’s food products market.
FGV group chief executive officer Datuk Haris Fadzilah Hassan said Yangambi ML161 possesses distinct characteristics compared to other varieties as it gives a higher percentage of oil extraction and bunch number with medium-sized bunches, making it one of the most preferred seed types in the palm oil industry.