FGV expanding oil palm seed market in India

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The group targets to sell another 1.5 million seeds by 2021 on top of the 1 million shipment in September. FMTNews FGV

FGV says its Yangambi ML161 seed can yield a higher percentage of oil extraction and bunch number.

The group said it has secured sales of one million oil palm seeds to India to date through its Yangambi ML161 brand, the number one oil palm planting material, with a 43% market share in Malaysia. FGV Pre Unique would act as the group’s vehicle to expand its seed market in India, mainly in the states of Andhra Pradesh and Telangana.

FGV group CEO 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 industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines